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Trade war

Singapore's Olam taps Vietnam for farm product exports to Asia

Trader carves out trade war sanctuary for food processing to avoid risk

An Olam International plant in Vietnam used Australian almonds instead of American almonds after the U.S.-China trade war ensued.   © Reuters

SINGAPORE -- Singapore-based agricultural trader Olam International has positioned Vietnam as an export center for Asia, including China, amid uncertainty springing from the trade friction between Washington and Beijing. The strategy is symbolized by a massive pepper plantation in central Vietnam the size of roughly 150 baseball stadiums.

Located two hours by automobile from Pleiku, a city in Gia Lai Province, the plot of land was acquired in 2016. There, Olam cultivates disease-resistant pepper varieties in specialized facilities where the heat, humidity and water levels are automatically monitored.

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