When China goes hungry, the world shakes

Saturday, February 12, 2011
By Paul Martin

Keith Bradsher
SMH.com.au
February 12, 2011

The impact of China’s drought could have serious effects on global food prices and supplies, writes Keith Bradsher.

A SEVERE drought is threatening the wheat crop in China, the world’s largest wheat producer, resulting in shortages of drinking water for people and livestock.

China has been essentially self-sufficient in grain for decades, for national security reasons. Any move by China to import large quantities of food in response to the drought could drive international prices even higher than the record levels recently reached.

”China’s grain situation is critical to the rest of the world – if they are forced to go out on the market to procure adequate supplies for their population, it could send huge shockwaves through the world’s grain markets,” said Robert Zeigler, the director-general of the International Rice Research Institute in Los Banos, Philippines.

Advertisement: Story continues below The state-run media in China warned this week that the country’s major agricultural regions were facing their worst drought in 60 years. On Tuesday, the state news agency Xinhua said that Shandong province, a cornerstone of Chinese grain production, was bracing for its worst drought in 200 years unless substantial precipitation came by the end of this month.

The Rest…HERE

Leave a Reply

Support Revolution Radio