Torrential rains and landslides brought by Typhoon Mindulle have caused an estimated NT$1.46 billion in crop damage, pushing wholesale prices for vegetables up by nearly 50 percent on average yesterday.
At the First and Second Fruit and Vegetable Markets in Taipei, 681 tonnes of vegetables were traded yesterday, down 23 percent from a day earlier, the Council of Agriculture said in a statement.
Wholesale prices for vegetables, however, increased to NT$27.5 per kilogram on average, up from NT$18.21 per kilogram on Saturday, the council added.
PHOTO: CHEN WEI-JEN, TAIPEI TIMES
The steepest increase yesterday was on water spinach, which rose from around NT$17 per kilogram to NT$85 per kilogram, according to Taipei Agricultural Products Marketing Co (台北農產運銷公司).
Prices for Chinese cabbage and Chinese kitam also rose, from NT$15 per kilogram to NT$50 per kilogram, according to the company.
The semi-official company, managed by the Taipei City Government, said around 700 tonnes of vegetables were shipped into the city yesterday, compared with an average supply of 1,200 tonnes to 1,500 tonnes before the typhoon.
The reduced shipment was due to difficulties in harvesting crops and transportation amid heavy rains in mountainous areas, the council said.
To ease a possible shortage in vegetables, the council said it was coordinating with farmers' organizations to release a total of 219 tonnes of frozen vegetables into the market yesterday, and will distribute frozen produce to consumers through wholesale markets, supermarkets and hypermarkets.
There are 4,809 tonnes of frozen vegetables left in stock, the council added.
A shopkeeper at Matsusei (
A customer surnamed Lee at Matsusei said that vegetable prices at supermarkets are not as expensive as those at traditional markets.
"Compared with the traditional markets, prices here [at Matsusei] are reasonable," she said.
The council said the shortage of vegetables is not expected to ease until later this month. Besides vegetables, harvests of fruit such as bananas, papayas, grapes, mangoes and pears were also damaged, it added.
The wholesale price increases have pushed some retailers to re-label prices on their produce.
"The prices of vegetables and cabbages have been mildly marked up, by 10 percent," said Lillian Lee (
Compared with the unstable prices in traditional markets, hypermarkets provide customers with relatively stable prices, another retailer said.
"We would like to offer our customers a fair price, for stocks are ample," said Fiona Wang (
Wellcome's chief operations officer, Howard Tsai (蔡裕人), seconded Wang's assertion that the price will be adjusted according to the vegetable supply and consumer reaction alike.
During times of hardship, "we try to satisfy our patrons with other vegetables or imported cabbages instead," Tsai said.
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ¥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
MORE WEIGHT: The national weighting was raised in one index while holding steady in two others, while several companies rose or fell in prominence MSCI Inc, a global index provider, has raised Taiwan’s weighting in one of its major indices and left the country’s weighting unchanged in two other indices after a regular index review. In a statement released on Thursday, MSCI said it has upgraded Taiwan’s weighting in the MSCI All-Country World Index by 0.02 percentage points to 2.25 percent, while maintaining the weighting in the MSCI Emerging Markets Index, the most closely watched by foreign institutional investors, at 20.46 percent. Additionally, the index provider has left Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index unchanged at 23.15 percent. The latest index adjustments are to