You are here

Canada's golden crop boom devastated by main HK buyer

BT_20160425_KVGINSENG254UW3_2243002.jpg
Hang Fat grew to dominate the American ginseng trade, buying as much as 70% of Ontario's crop in recent years. But last year, the company suddenly stopped making payments.

Hong Kong

PETER VanBerlo has C$2.5 million (S$2.67 million) worth of premium North American ginseng in 546 plastic-wrapped boxes, just waiting to be shipped to China. And waiting, and waiting.

His September harvest of the beige, gnarled roots (popular in China for their purported

sentifi.com

Market voices on:

Powered by GET.comGetCom