China floods bring steep food price rises
source: http://www.politicalfailblog.com/2011/06/china-floods-bring-steep-food-price.html
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Regional vegetable prices rise by 40% as rains flood more that 1m acres of farmland and affect lives of 5.7 million people
Food prices are expected to rise steeply in China after flooding inundated more than 1 million acres of farmland in eastern provinces, killing at least 100 people and displacing hundreds of thousands more.
Weeks of torrential rain in Zhejiang province in the Yangtze delta have caused nearly 6bn yuan (£575m) of damage, reducing vegetable production by 20% and pushing prices in the provincial capital of Hangzhou up by as much as 40%, Xinhua news agency said.
Video here:
http://www.politicalfailblog.com/2011/06/china-floods-bring-steep-food-price.htm...
Food prices are expected to rise steeply in China after flooding inundated more than 1 million acres of farmland in eastern provinces, killing at least 100 people and displacing hundreds of thousands more.
Weeks of torrential rain in Zhejiang province in the Yangtze delta have caused nearly 6bn yuan (£575m) of damage, reducing vegetable production by 20% and pushing prices in the provincial capital of Hangzhou up by as much as 40%, Xinhua news agency said.
Video here:
http://www.politicalfailblog.com/2011/06/china-floods-bring-steep-food-price.htm...
