Sales of locally-grown pomelos increased 20 percent, but the wholesale price has plunged 58 percent from late last month, the Council of Agriculture said yesterday, one day before the Mid-Autumn Festival.
Farmers voiced their worries that the price would drop further after the festival, for which the fruit and mooncakes are popular specialties.
Officials with the Madou Farmers’ Association in Tainan said late last month that pomelo production grew 20 percent this year because typhoons earlier in the year did not harm this year’s crop.
Photo: Huang Ming-tang, Taipei Times
In order to prevent further falls in price, pomelos are being exported to China for the first time, the council said.
It is hoped that the move will relieve pressure caused by increased supply on the domestic market.
The council’s Web site showed yesterday that the wholesale price for pomelos in Taipei stands at NT$12.8 (US$0.42) per kilogram, down from NT$30.7 on Aug. 26.
About 5,500 hectares of farmland are dedicated to pomelos nationwide, including 800 hectares in Madou Township (麻豆), which generates about 30 million kilograms of pomelos annually.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film