Thursday , November 28 2024

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As global demand recovers, seafood firms expect jump in profits

As global demand recovers, seafood firms expect jump in profits

Major seafood producers expect a double- or triple-digit rise in profit this year on surging prices and recovering demand. Vinh Hoan Corporation, the largest listed seafood company, targets a 36.5-percent rise in profits to VND1.5 trillion ($65.6 million) IDI International Development & Investment, the second largest, expects a sixfold increase …

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Rice export prices rise to 3.5-month high

Rice export prices rise to 3.5-month high

The prices for Vietnamese 5 percent broken rice rose to $420 per ton late March, the highest in the past 3.5 months. Vietnam exported 1.48 million tons of rice worth $715 million in the first three months this year, up 24 percent in volume and 10.5 percent in value against …

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Shanghai Covid cases keep rising, food supply problems persist

Shanghai Covid cases keep rising, food supply problems persist

Shanghai reported nearly 25,000 locally transmitted Covid-19 infections on Sunday, as residents of China’s most populous city voiced complaints over food and basic supplies and concern spread that cities may soon be in the same situation. Streets of the locked-down financial hub of 26 million people remained as curbs under …

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