Vietnam 

Rains damage vegetable, fruit crops in south, prices go up – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The recent heavy rains have damaged vegetable and fruit crops in HCM City and Đà Lạt, pushing up prices. — VNA/VNS Photo Đinh Văn Nhiều HCM CITY — The stormy weather in the south has hit vegetable and fruit output, leading to higher prices in HCM City and Đà Lạt. Nguyễn Bình Phương, deputy head of business and marketing at the Thủ Đức Agro Market in HCM City, told Người Lao Động (The Labourer) newspaper that the volume of fruits and vegetables coming to the market on August 11 was lower…

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Vietnam 

Pork prices continue to rise on African swine fever, increasing demand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam could have a shortfall of 500,000 tonnes of pork, or nearly 20 per cent of demand, from now until the Lunar New Year in early 2020 due to the effect of African swine fever. VNS Photo Văn Châu HCM CITY – The price of pork with clear origins has increased sharply all over the country because of the impact of African swine fever (ASF). At farms in the north and the south, prices have increased by VNĐ5,000 – VNĐ10,000 per kilogramme in the last several days. In the northern…

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Vietnam 

Steel companies post low profits on rising iron ore prices – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Hòa Phát’s steel products. Hòa Phát Group (HPG) reported 6-per-cent increase in revenue to VNĐ15.3 trillion (US$656.7 million) in the second quarter but its profit after tax declined 7 per cent in the reviewed period. — Photo giasatthepvn.com HÀ NỘI — Second-quarter earnings of steelmaking companies showed signs of deterioration as prices of iron ore continued to increase, leading to higher production costs and lower profit. Hòa Phát Group (HPG), the biggest listing steelmaker, reported revenue of VNĐ15.3 trillion (US$656.7 million) in the second quarter, up 6 per cent year-on-year, but its profit…

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China 

US trade war drives China’s producer prices into deflation, as pork prices send consumer inflation higher

The US-China trade war is forcing China’s manufacturers to sell their products at a discount rate, driving prices into deflationary territory in July, data released on Friday showed.The producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell into negative territory at minus 0.3 per cent compared to a year earlier, down from the flat reading in June.The release showed the pressure being placed on manufacturers in China due to tariffs the… Source link

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Home 

Qingdao flat prices cut by 5 per cent as city heeds warning of China’s top decision-making body

Qingdao is the first city to offer new flats at a discount after China’s top decision-making body warned against using property as a tool to stimulate the economy.A developer in the coastal city of Shandong province was offering a new batch of flats at Wenlan Mansion at 10,000 yuan (US$1,441) per square metre – 5 per cent lower than the previous lot – just days after the Communist Party’s Politburo underscored a hawkish stance on cooling the housing market.That means those who bought homes in… Source link

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Home 

Billion Development prices Tsuen Wan project at 10pc discount to lived-in homes as Hong Kong’s property market reels from protests

Billion Development and Project Management on Tuesday released the first batch of flats at its Tsuen Wan project at discounts of up to 10 per cent to rates prevailing in the district, in the first sign that two months of unrest in Hong Kong is having an impact on property prices.The Hong Kong builder unveiled 238 flats at the 840-unit The Aurora in the western New Territories, even as sales of secondary homes dropped to a nine-month low, with 48 deals concluded last week, according to a report… Source link

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Home 

London property developments expect proximity to famous landmarks will boost sales, prices

At least three residential projects in London are betting on nearby landmarks to boost their prices, underscoring the importance of location when it comes to investing in, or buying, a property. Greenwich Peninsula, Marylebone Square and Battersea Power Station, three projects in the UK capital, are banking on attractions to boost their prices. “There are some exciting developments, such as Battersea Power Station, taking shape in London at the moment, which are creating new communities that… Source link

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Vietnam 

Petrol prices down on lower input costs – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Petrolimex gas station. Petrol prices were reduced on August 1 following a 15-day review by the Ministry of Finance and Ministry of Industry and Trade. — Photo thanhnien.vn HÀ NỘI — Petrol prices on August 1 were reduced by at least 1.35 US cents per litre following the latest 15-day review by the Ministry of Finance and Ministry of Industry and Trade. Accordingly, the retail price of RON95 fell VNĐ316 (1.35 US cents) per litre and was capped at VNĐ20,919 (90 US cents) per litre. The price of bio-fuel E5 RON92 was capped at VNĐ19,902 per litre, down VNĐ377 per…

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Vietnam 

Tra fish prices hit 10-year low – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Processing tra fish for export at Cần Thơ Seafood Import-Export Joint Stock Company. Prices of tra fish have dropped to their lowest levels in the past 10 years. VNA/VNS Photo Danh Lam HÀ NỘI — Prices of tra fish have dropped to the lowest level in 10 years due to export difficulties, according to the Ministry of Agriculture and Rural Development’s Agricultural Market Development and Processing Department. In June, the wholesale price for tra fish in the Mekong Delta fell by about VNĐ2,000 per kilogramme from the previous month to VNĐ22,000-23,000 per kilo for type…

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China 

China’s pork prices to hit record level in 2019 due to African swine fever, even as imports surge, report says

China’s pork prices will reach a record level by the fourth quarter of 2019 due to the impact of African swine fever on domestic production, even as imports continue to surge, according to a Rabobank report.Pork prices rose by nearly 30 per cent in June compared with a year earlier, according to the Ministry of Agriculture and Rural Affairs, with the spread of African swine fever showing no sign of abating, causing domestic production to plunge.“China’s pork and hog prices are likely to break… Source link

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