Global food price shock approaching as China’s drought worsens

February 10, 2011 BEIJING (Bloomberg) — China, the largest wheat consumer, says the drought in the country’s main growing region may be prolonged, said Minister of Agriculture Han Changfu. Futures in Zhengzhou climbed to a record. About 115.95 million mu (7.73 million hectares) of wheat, or 42 percent of the total planted in the eight major producing provinces, has been hit by the dry spell that may last into spring, Han said in a statement yesterday. Rain on the North China Plain has been “substantially” below-normal since October, the United Nations’ Food and Agriculture Organization said Feb. 8. Drought could force China, largely self-sufficient in wheat, to buy more from overseas, said Jason Britt, an analyst at Central States Commodities Inc. “That sends a little bit of a shiver through the market,” Britt said by telephone from Kansas City, Missouri. China may import 1 million metric tons of wheat this year, compared with 9.8 million tons by Egypt, the top buyer, according to the U.S. Department of Agriculture. Snow is in the forecast for China and it should bring some relief but not much. –Bloomberg       (c) Associated Press 2011
This entry was posted in Earth Changes, Extreme Weather Event, Food chain unraveling. Bookmark the permalink.

2 Responses to Global food price shock approaching as China’s drought worsens

  1. Frank says:

    Wow, that’s depressing

    Revelation 6:5 – 6:6

    Like

  2. Wayne says:

    http://rt.com/usa/news/usa-goldman-sachs-food-crisis/

    Others may find this article interesting. About the seeds of the current “food crisis”
    One thing leads to another….

    Like

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