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Canada's golden crop boom devastated by main HK buyer

Published Sun, Apr 24, 2016 · 09:50 PM

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 health benefits) is stalled because the biggest buyer - a company in Hong Kong - spectacularly melted down in January, leaving farmers like Mr VanBerlo in limbo.

"It's just stuck here," says Mr VanBerlo from under a black leather cowbo…

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Canada's golden crop boom devastated by main HK buyer

Consumer & Healthcare

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

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