To go with Hong Kong-China-food-farming-organic,FOCUS by Justine GerardyThis photo taken on August 6, 2014 shows a farmer spreading organic fertiliser in a rice field in the New Territories in Hong Kong. Rice farms all but disappeared from the fast expanding city in the 1970s after years of turn-back from rural traditions. But a new wave of farmers have started growing the Asian staple again -- this time with a focus on organic methods as part of a push for naturally grown food. AFP PHOTO / ALEX OGLE
To go with Hong Kong-China-food-farming-organic,FOCUS by Justine GerardyThis photo taken on August 6, 2014 shows a farmer spreading organic fertiliser in a rice field in the New Territories in Hong KoShow more

China’s food scandals prompt farming return to high-rise Hong Kong



HONG KONG // It’s a rural tradition that faded out decades ago as Hong Kong turned into a neon-lit megacity – rice seedlings being dropped into watery paddy fields with gentle plops.

But now a new wave of farmers are growing the staple again in sleepy Long Valley in the city’s northern New Territories, where buzzing insects and flocking birds offer a rich contrast to the high rise blocks in the distance.

Former supermarket supervisor Kan Wai-hong went from working late shifts to harvesting sacks of fragrant, golden rice.

“In the past people in Hong Kong grew rice,” said Mr Kan, 42, about his move. “I could teach the people again and revive rice farming.”

The naturally-farmed rice paddies started reappearing in Long Valley seven years ago after more than 40 years’ absence.

Started as part of a bird-friendly wetland conservation project, five farmers now produce around three tonnes of rice a year near the border with Hong Kong’s biggest food supplier mainland China.

It is a mere drop in the 833 tonnes of rice that Hong Kong goes through every day, but it fetches several times the price of mass-produced imports as part of a growing demand for naturally grown food.

A relentless run of food scandals across the border – from rotten meat in fast-food to dead pigs floating in rivers, recycled “gutter oil”, and heavy pesticide use – has made people rethink the way they shop.

“When food safety in mainland China or even other places is not that good, then Hong Kong people will choose foods that are safer,” said Mr Kan.

“The trend of society has changed, people have become more affluent and they care more about food safety,” he said of the more expensive organic fare.

Hong Kong imports nearly all of its food with just two per cent of its vegetables locally grown.

But the number of organic-style vegetable farms has increased from a handful in the 1990s to several hundred today.

Homegrown organic vegetables now make up 12 per cent of the 45 tonnes of vegetables the city produces daily.

Shoppers are shrugging off the fact that they cost more than their mass produced counterparts.

“After learning that there are quite a lot of different kinds of pesticides or different ways of growing the plants, I think it’s better to have the organic ones,” Jenny Ho said while browsing one of several weekly organic markets.

Despite the shock of a 2008 melamine-laced baby formula scandal that killed six infants, China’s food scares have continued to flare.

Among the latest scandals to fuel distrust are chicken feet soaked in hydrogen peroxide and a cook who painted dishes with a banned pigment to look more appealing.

Last month new rules on pesticide residues came into effect. But apprehension remains.

“Food supply in Hong Kong is still safe but we worry,” Jonathan Wong, director of the Hong Kong Organic Resource Centre said, blaming the regular mainland scandals. “This psychologically makes people in Hong Kong feel worried about the food supply from China.”

By 1980, 40 percent of farmland in Hong Kong was reported as abandoned and rice paddies made up less than one per cent of what was in use. Today, a total of just seven square kilometres is actively farmed.

But shrinking farmland is often limited to small plots on short-term leases in the space-challenged city, which is also home to rooftop vegetable gardens and vertical fish farms.

Farmer Thomas Fung lives in Hong Kong’s skyscraper sprawl and commutes to his New Territories patchwork of plots rented from six different landlords.

“The people are quite afraid of the quality of mainland China veggies, so the demand is very, very big in Hong Kong,” said Mr Fung, who acknowledges that the fears play to the favour of organic farmers.

* Agence France-Presse

ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

TCL INFO

Teams:
Punjabi Legends 
Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

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Strait of Hormuz

Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.

The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.

Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.

Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)