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Taiwan's Orchid growers to establish foundation to promote Oncidium.

Taipei, Jan. 10, 2012 (CENS)--Seeing the successful global marketing of New Zealand's kiwi fruit, Taiwan's orchid growers intend to follow suit to promote their orchids, particularly oncidium or the so-called dancing-doll orchid.

The growers of oncidium recently announced joint establishment of a foundation to promote oncidium and are planning to raise fund of NT$5 million (US$166,667) in the first operating year of the foundation.

Insiders said that Taiwan exports about 25 million dancing-doll orchids to Japan per year, which accounts for 90% of the oncidium market there.

C. Y. Chang, chairman of Chinese Development Association of Oncidium Production and Marketing, indicated that the projected foundation is designed to help oncidium growers market their orchid plants globally and meanwhile set up export rules to avoid cut-throat competition.
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Author:Li, Judy
Publication:The Taiwan Economic News
Date:Jan 10, 2012
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