Vietnam Update – Jan 2016

ECONOMIC UPDATE

January’s economic indicators continued to be positive with consistent upbeat consumption and low inflation.

Nikkei’s Purchasing Manager Index (PMI) inched up marginally to 51.5 in January from 51.3 in December, driven by the increase in new orders from both domestic and export clients as well as the fall of input costs. Meanwhile, the Industrial Production Index increased moderately by 5.9% YoY in January, of which manufacturing registered a growth of 8.2% YoY1.

January’s Consumer Price Index (CPI) remained unchanged from last month and the headline inflation settled at a record low of 0.8% YoY1. The low inflation was attributed to a 2.82% MoM drop in the transportation segment thanks to drastic fuel price cuts, while foodstuff (+0.25% MoM), garment, hats and footwear (+0.37% MoM) segments increased1. Real retail sales growth reached 11.0% in January as domestic consumption strengthened ahead of the Lunar New Year holiday while consumer confidence gained more momentum1.

The country’s trade balance witnessed a deficit of USD 200 million in January1. Exports rose 2.2% YoY, of which…

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Duxton’s Agri Bits and Pieces Vol. 274

QUOTE OF THE WEEK

This week’s quote comes from the CSIRO’s Australian National Outlook 2015 and demonstrates the significant role Australian agriculture will play in the next 34 years.

“Global demand for our exports is projected to treble through to 2050 as global per capita income also trebles…We can be confident in some high level trends such as long term growth of world energy and food demand.”

Read more: http://goo.gl/52LeqV

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AFRICAN FARMERS STRUGGLE TO FEED CONTINENT’S BOOMING POPULATION

“We depend on the farm for all our needs,” said Josephine Mbinya, 52, a widow who farms tomatoes, corn and livestock south of Nairobi, Kenya to support her two sons, two daughters and a grandson.

Like many of the 80 percent of Africa’s farmers who operate on less than two hectares (five acres) of land, Mbinya struggles with a lack of financing, proper irrigation, fertilizer and machinery. Land-ownership restrictions in some countries also discourages large and small-scale farming alike. With food production in other parts of the world approaching its limits, overcoming those constraints will prove critical to feeding a global population that the United Nations…

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Duxton’s Agri Bits and Pieces Vol. 273

QUOTE OF THE WEEK

This week’s quote comes from Dr Thani Al Zeyoudi, UAE Minister of Climate Change and Environment. At the third Global Forum of Innovations in Agriculture in Abu Dhabi, Dr Al Zeyoudi highlighted the immense task of achieving global food security, suggesting that environmentally sustainable farming will be key to achieving this goal.

“Climate change is perhaps the greatest long-term challenge to farming, the increasing frequency of droughts and floods, changing rainfall patterns, steadily increasing surface temperatures and extreme weather phenomena will make food production increasingly difficult.”

Read more: http://goo.gl/4xAG0C

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AIR FARMING: THE LUCRATIVE BUSINESS OF SELLING FRESH AIR TO THOSE IN POLLUTED CITIES

Increased air pollution around the world is giving rise to a bizarre new industry known as air farming, where bottled fresh air is sold to consumers at a premium.

It may sound like the next big gimmick, but the idea of buying crisp, country air in a jar has proven very popular in heavily-polluted cities like Beijing and Shanghai.

In fact, people are paying upwards of $160 for a single jar of air.

Leo De Watts from Britain has…

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