Posted on 02/08/2011 8:11:06 PM PST by blam
China Drought Could Be Worst In 200 Years
By Jim Andrews, Senior Meteorologist
Feb 8, 2011; 10:52 AM ET
Drought in a key grain-growing region of China could be the worst in 200 years if significant rain or snow does not fall before the end of February.
Shandong, a northern coastal province, has had exceptionally low precipitation, as little as about 5 percent, since September.
Bing Maps
Shandong lies at the heart of the winter wheat belt of China, which is centered upon the North China Plain. Reports have suggested that about one third of the wheat is being adversely affected by the four-month drought.
Various market factors, weather among them, have been pressuring agricultural commodity prices such as that of wheat. Continuing drought in China could bring further price pressure to bear.
AccuWeather.com forecasters believe that the dry weather will dominate the North China Plain for another five to seven days. Thereafter, a shift in steering winds could bring light to moderate rain and snow to the region during the following week.
Maybe we can buy back America with bottles of water.
guess they’ll hafta sell some of their gold to buy food.
they’re blaming weather for high food prices, when its inflation that is the cause. Their Central Bank need to stop printing money
By Howard Schneider
Tuesday, February 8, 2011; 10:52 PM
A record drought in China's major wheat-producing areas threatens to push world food prices beyond their current high level, the United Nations warned in a report Tuesday, adding to growing concern about how the rising cost of food is affecting the poor around the globe.
China, the world's largest wheat producer, consumes almost all of what it grows and keeps roughly 55 million tons in reserve. But the prospect of a failed winter wheat crop might prompt the country to import grain on a scale that could put further stress on world prices, the U.N. Food and Agriculture Organization warned.
The FAO's world food price index, a composite indicator of the cost of a basket of goods, is at its highest level since it was introduced in 1990. Wheat prices have roughly doubled since mid-2010, according to International Monetary Fund data.
[snip]
There, FIXED!
Is this the same China that claimed it could produce rainfall whenever it wanted to?
I’ve read the the US is having or has had a bumper crop of wheat and that our farmers are very happy with the higher prices received for their wheat.
Well, their central bankers are grown ups. They need to take responsibility and stop following dumb kid “US federal reserve” off the cliff
I think so. They can’t produce any right now though because they haven’t figured out how to stamp “Made In China” on the raindrops.
LOL, I was just thinking that.
Full disclosure: I'm long on wheat.
I’m all smiles....!!!!!!!!!!!
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Read more: http://www.businessinsider.com/suez-canal-shipping-asian-europe-2011-2#ixzz1DQrEKo9T
prices may be higher, but purchasing power has fallen. Inflation is not good for anyone, but people are often confused. They see higher prices and higher profit, but when the value of your money devalue, those high prices don’t mean much
Hungry nations are desperate nations.
Ping.
Thanks for the heads up. Food prices could become a major problem soon. Gotta be prepared.
Dont know if it is true or not, but Jesse Ventura says that China is already stealing the water from the Great Lakes and shipping it in great bladders behind ships to go to China. Not only are they doing this from the USA, but also supposedly from different places around the world.
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