The management of imported frozen food, especially tracking its origin, is a headache for Hanoi's food quality supervision force, the New Ha Noi reported. Phí Thanh Hải, deputy head of Agro-Forestry-Fisheries Quality Assurance Division under Hà Nội's Department of Agriculture and Rural Development, said the biggest difficulty was to track the origin of frozen food and produce because an imported batch of goods weighing 10 to 20 tonnes is divided into packages of one to two tonnes and sold to traders at wholesale markets for consumption. The majority of traders fail to provide the food's certificate of origin, making food safety check difficult. The division checked stocks of Thảo Nguyên Xanh (Green Grassland) Food Joint Stock Company, which provides frozen poultry and cattle meat. The inspectors found that the meat products were stored mixed together without name brands. The company was also unable to show documents tracking the origin of buffalo meat and pig cartilage, Hải … [Read more...] about Hanoi to tighten control of frozen food storage
Whole foods stock price
Local firms participating in the price stabilization program have already prepared larger stocks of commodities, three to four times higher than the target set by the city government. The whole city has increased the number of stores selling subsidized items by 100 to nearly 3,100 before the Lunar New Year comes on January 23. The department has finished checking the livestock farms, manufacturing plants and goods storage facilities of the participating firms. The total volume of commodities in stock is worth over VND5.5 trillion, with total capital arranged for stocking price-subsidized goods amounting to around VND3 trillion. … [Read more...] about Price-subsidized goods in stock for Tet holiday
Twitter held center stage on Wall Street in a week of rocky trade that ultimately held up against sell-offs of bubbly tech shares to produce a new Dow record. The markets overall went in the opposite direction Thursday, yet rebounded 24 hours later buoyed by strong economic data, despite the suggestion that it could spell earlier policy tightening by the Federal Reserve. The Dow Jones Industrial Average finished the week at a new high of 15,761.78, up 0.9 percent for the period. The S&P 500 ended a bare point below its record at 1,770.61, for a gain of 0.5 percent in the week. The Nasdaq meanwhile struggled on the sell-off of tech stocks Tesla and Facebook -- with some investors rotating into Twitter -- to lose 0.1 percent overall at 3,919.23. Twitter, the micro-messaging platform used by more than 230 million people and companies, captured the market's attention with its initial public offer. The largest of a growing flood of IPOs taking advantage of easy investor … [Read more...] about Twitter IPO highlights bumpy week for US stocks
World food prices reached a new historic peak in January 2011, exceeding prices reached during the food crisis of 2007-08. A global food crisis could be looming and local media has discussed a possible rice price fever scenario in Vietnam as seen in 2008. Following are expert views on the issue. Excerpts: Bui Ba Bong, deputy minister of Agriculture and Rural Development: "Food price hikes on the global market would probably have little impact on Vietnam's rice prices as the nation still has large rice supplies for the whole year. Moreover, the 2011 food crisis, despite being seen as a danger, will not happen like in 2008 as many countries are better prepared and have measures to prevent food speculation. … [Read more...] about Will Vietnam have a food crisis?
Commercial rice volume surges, price volatility predicted By Thuy Dung - The Saigon Times Daily Rice loading at a warehouse. The Mekong Delta expects a bumper winter-spring crop this year, at about 10.5 million tons of paddy (unhusked rice) - Photo: TL HANOI – This year’s winter-spring crop in the Mekong Delta will be a bumper one, yielding about 10.5 million tons of paddy (unhusked rice), including some four million tons of commercial rice, which may pull down the price, the agriculture ministry said. The ministry forecast the Mekong Delta alone would churn out 10.5 million tons of paddy from the cultivation area of about 1.56 million hectares for the winter-spring crop. Provinces in the region last month harvested a total of some 1.17 million tons of paddy, and the production is expected at roughly 2.7 million tons and 5.8 million tons in February and March, respectively. The output of paddy to be harvested in April is estimated at one million tons. Meanwhile, the … [Read more...] about Commercial rice volume surges, price volatility predicted