Vietnam Update – Aug 2016

ECONOMIC UPDATE

Vietnam’s manufacturing sector continued to grow in August while inflation was kept at a low level.

Nikkei’s Purchasing Manager Index (PMI) posted at 52.2 in August, a slight increase from 51.9 in July, on a strong improvement of business conditions in spite of weaker increases in both output and new orders during this month. Meanwhile, the Industrial Production Index increased by 6.9% YoY in August, lower comparing to the 9.9% growth in the same period last year due to a 3.8% contraction in mining output and a slightly slower growth in manufacturing1.

The Consumer Price Index (CPI) inched up marginally 0.10% MoM and 2.57% YoY in August on the back of decreases in prices of five categories including food and foodstuff, housing and construction materials, transportation, telecommunication, and culture, entertainment and tourism. This offset the price hikes of healthcare and education fees this month4. The real retail sales growth of 7.3% YoY in August indicated that domestic demand continued to expand but at a slower pace than over the same period last year4.

The country’s trade balance remained in positive…

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Duxton’s Agri Bits and Pieces Vol. 301

QUOTE OF THE WEEK

This week’s quote of the week comes from the article ‘Farm Institute’s Insights’ published by the Australian Farm Institute and demonstrates the importance of Australia’s bio security for agriculture.

“The importance of biosecurity to Australian agriculture is increasing, for two reasons. The first is that Australian agricultural products are increasingly being exported to higher value markets, in which wealthier consumers are prepared to pay a premium for quality and safety, and also for specific providence and credence characteristics. The second is that as Australia
has negotiated trade agreements
with major trading partners, the opportunity arises to greatly reduce
the paperwork and inspection costs associated with exporting to those markets.”


BRAZIL POISED TO BECOME “AQUACULTURE SUPERPOWER”

When thinking of Brazilian agriculture, most people would probably first think of grain or beef production but aquaculture may one day be added to this list, according to Rabobank.

In its latest report, “Feeding Nemo – Turning Brazil’s Economic Turmoil into Seafood Business Opportunities,” Rabobank forecasts that Brazil’s tilapia output will increase by…

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Duxton’s Agri Bits and Pieces Vol. 300

QUOTE OF THE WEEK

This week’s quote of the week comes from the article ‘2016 UN World Water Development Report, Water and’ and demonstrates the growing pressures on the fresh water supply. 

“Agriculture accounts for roughly 70% of freshwater withdrawals globally and over 90% for the majority in the least developed countries. Without improved efficiencies measures, agricultural consumption is expected to increase 20% globally. Global water demand is expected to increase by 55% due to growing demands from manufactures, thermal electrical generation and domestic use.”


THE COMMON AGRICULTURAL POLICY IS INIQUITOUS AND INEFFICIENT. NOW, WITH BREXIT, WE CAN BE FAIRER AND MORE PRODUCTIVE

Brexit provides Britain with a wonderful opportunity to redesign one of the most ill-thought through policies of modern times.

The Common Agricultural Policy (CAP) hands out subsidies to European farmers, shielding them from healthy competition and hindering the evolution of modern, efficient agricultural methods. The policy leads to overproduction, creating mountains of surplus produce that is either destroyed or dumped on developing nations.

EU protectionism…

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