Panic buying in capital pushes up prices

The summer floods have prompted panic buying of food in Beijing, raising the price of grain, rice and edible oil, newspapers report.

Friday, 4 September, 1998, 12:00am

Golden Resources gains dip

Provisions for losses on listed investments has led rice producer Golden Resources Development to post a 47.1 per cent drop in attributable profit to $25.04 million in the year to March 31.

19 Aug 1998 - 12:00am

Rice plentiful despite floods

The mainland was awash with rice despite flooding that had ravaged some of the country's best farmland along the fertile Yangtze River valley. Rice prices were expected to remain stable from July to September but probably would rise after that, the Market Daily said yesterday.

12 Aug 1998 - 12:00am

Wealth of information about a humble grain

Chinese tradition holds that the precious things in life are not jade or pearls, but the five grains, chief among which is rice.

On the face of it, there is not much precious about the humble grain of rice. But for about 50 per cent of the world's population, rice is as important in daily life as water or a bed to sleep in.

21 Jul 1998 - 12:00am

Safety tests show rice-cooker risks

The Consumer Council has issued a warning over four types of rice-cooker which it says could spark fires and cause electrical injuries.

A council survey of 23 rice-cookers found traditional-style models less satisfactory than those with modern features.

16 Apr 1998 - 12:00am

Traders may be jailed for hoarding foodstuffs

Indonesian police are questioning four traders suspected of hoarding food for profit and want them jailed if found guilty.

Jakarta's police chief, Major-General Hamami Nata, said the traders could be charged with subversion.

15 Jan 1998 - 12:00am

Rice prices face scrutiny from competition group

A government-appointed advisory group on competition will give priority to a study of the rice market.

The pledge from acting Secretary for Trade and Industry Tam Wing-pong came amid concern over sharp rises in the retail price of rice.

Surveys by political groups showed retail prices were much higher than wholesale prices.

13 Jan 1998 - 12:00am

Party leader faces tough baptism

General Le Kha Phieu finally sealed his position at the top of Vietnam's Communist Party this week as Hanoi posted growth figures of 9 per cent - the highest in Southeast Asia.

The figure should have made the party propagandists' drool.

3 Jan 1998 - 12:00am

Top-level call for grain supplies shake-up

A senior official has called for a shake-up of local departments responsible for managing the mainland's grain supply.

Separating government and business interests was the key, said Professor Chen Xiwen, director of the Department of Rural Development under the State Council's Development Research Centre.

17 Nov 1997 - 12:00am

Thai rice cuts Golden Resources

Trader Golden Resources Development reported a 4.3 per cent drop in profit to $47.3 million in the year ended March 1997 as higher Thai rice prices squeezed margins. Earnings per share were 10 cents and a final dividend of one cent per share was declared.

13 Aug 1997 - 12:00am

17 hurt in stampede for rice

A ritual distribution of rice meant to bring good fortune backfired yesterday when 17 elderly people were injured in a stampede for the free bags.

Hundreds began queuing in a Choi Hung playground at about 11 am, anticipating their free rice to celebrate the Yu Lan Festival on Saturday.

12 Aug 1997 - 12:00am

Bright future forecast if seeds sown now

China would be able to feed itself and become one of the biggest world exporters of agricultural products in the 21st century, it was forecast yesterday.

A 300-page report, by the Chinese Academy of Sciences, was cautiously optimistic about solving the food problem, Xinhua (the New China News Agency) said.

10 Apr 1997 - 12:00am

Very briefly...

Poor-quality processing, and problems with export shipping availability cost Vietnam about US$100 million a year in potential rice exports, the official Lao Dong newspaper quoted a deputy agriculture minister as saying yesterday.

15 Aug 1996 - 12:00am

Cheaper rice likely as trade opens up

Cheaper rice is expected to be offered in supermarkets when the Government lets more rice importers compete in the market.

A Consumer Council spokesman welcomed the move which was announced yesterday, believing the decision would be of benefit to consumers.

3 Aug 1996 - 12:00am

No rush for rice review

Consumers will have to wait for two more years before they can enjoy the benefits of a more competitive rice market.

Acting Secretary for Trade and Industry Francis Ho Suen-wai said the Government would review the 41-year-old monopoly import system in 1998 and would then decide whether to open up the market completely.

4 Jul 1996 - 12:00am