Local farm produce processing technology remains averageBy Trung Chanh A local worker processes coconut at a facility in Ben Tre Province – PHOTO: TRUNG CHANH CAN THO - Despite being reputed to be one of the largest agricultural producing countries, the processing technology used by Vietnam’s farmers remains at an average level, compared with what is used throughout the world, according to Nguyen Quoc Toan, acting head of the Agro Processing and Market Development Authority. Toan discussed his evaluation at a meeting on promoting technology processing agro-aqua-forestry products and mechanization to help restructure the agriculture industry in the south, held on October 19 in the Mekong Delta province of Tien Giang. In particular, the nation’s output of vegetables totals 25 million tons per year, but there are a mere 150 centralized industrial processing facilities with total designed capacity reaching one million tons annually, he noted. Last year, the … [Read more...] about Local farm produce processing technology remains average
Local farm produce
Harvesting potatoes in Da Lat. (Source: VNA) Lam Dong (VNA) - The Central Highlands province of Lam Dong plans to ban non-local agricultural products from sale at Da Lat Agricultural Products Market beginning on September 15. The move came following recent cases in which farm produce imported from China have been disguised by local traders as Da Lat products and sold to other wholesale markets across the country, especially in Ho Chi Minh City. Under the regulation, the Da Lat Agricultural Products Market will only allow trade of agricultural products produced locally and registered with a Da Lat trademark. The market will strictly ban trade of agricultural products grown outside Da Lat, especially potatoes, carrots and garlic imported from China. The market management board will also install four cameras to monitor the implementation of the regulation, according to authorities. Nguyen Van Son, Vice Chairman of the People’s Committee of Da Lat city, … [Read more...] about Sales of non-local farm produce banned at Da Lat market
Sacombank to facilitate farm produce import from U.S. By Phuong Thao - The Saigon Times Daily HCMC – Saigon Thuong Tin Commercial Bank (Sacombank) has been chosen to draw up the letter of credit (L/C) for farm produce import from the U.S. under the Export Credit Guarantee Program, or GSM-102. The program covers credit terms of up to 12 months with the total limit of US$20 million. The Commodity Credit Corporation (CCC) under the U.S. Department of Agriculture has picked four banks in Vietnam for the program. The program will help local farm produce importers gain access to capital sources with preferential terms and interest rates. This is also a chance for Sacombank’s corporate customers to expand business with prestigious exporters in the U.S. The bank has also joined hands with the U.S. Department of Agriculture and U.S. Consulate General to hold a seminar introducing benefits of the GSM-102 transactions to Vietnamese importers. … [Read more...] about Sacombank to facilitate farm produce import from U.S.
VietNamNet Bridge - Vietnamese consumers want to purchase local farm produce, but they can only find Chinese products, and farmers cannot sell their products because merchants are selling primarily Chinese products. Thousands of tons of watermelon in Quang Nam Province have been thrown away as they could not be sold. Dozens of watermelon-laden trucks were stuck at the Tan Thanh border gate because the fruit could not be sold to Chinese businesses. Local newspapers reported that the onion price in Da Lat and Soc Trang has dropped dramatically because of oversupply. More than 50,000 tons of unsold onions are piled up in Soc Trang province, where the onion price has dropped from VND20,000 per kilo to VND5,000. Meanwhile, Vietnamese housewives complain they cannot buy local onions at the markets as there are only Chinese products. A report of the Ministry of Industry and Trade (MOIT) showed that the export turnover of key export items such as rice, coffee and rubber in the first … [Read more...] about Sales of Vietnamese farm produce sluggish as Chinese produce floods market
Exporters get stuck in rising farm produce prices By Ngoc Hung and Thai Hang - The Saigon Times Daily HCMC – Rising prices of several types of local farm produce have put exporters in hot water as processors cannot buy them while delivery dates approach, industry sources said. The local coffee price is mounting sharply, to some VND50 million or US$2,440 per ton, almost on a par with the level of US$2,460 per ton on Tuesday on the London commodities exchange. This means exporters will face big losses when taking into account all costs and expenses. But the big problem is that most coffee exporters have signed futures contracts at a much lower price, and now find it hard to fulfill the deals, especially those with delivery in July. Doan Trieu Nhan, an expert of the Vietnam Coffee and Cacao Association (Vicofa), said no one could have forecast at the beginning of the coffee season that the coffee price would climb steadily for such a long time. That explained why many traders had … [Read more...] about Exporters get stuck in rising farm produce prices