Global rice prices could surge higher as flood risks loom over China
Publishing timestamp: 2023-08-13 23:14:58
Summary
China's heavy rain and flood risks could put further strain on global rice markets as it is the world's largest producer of rice. The flood alert levels were raised for three provinces that account for 23% of China's rice output, and the soaked grain fields are expected to reduce crop yields. This could lead to higher global rice prices and increased rice imports. The article also mentions the impact on corn and soybean crops in the affected provinces.
Sentiment: NEGATIVE
Keywords: natural disasters, commodity markets, environment, china, jilin, food and drink, abercrombie & fitch co, business news, rough rice (mar'23), weather, agriculture,