» 08/06/2010, 00.00
Russia bans wheat exports
20% of cereal crops destroyed by drought and fires. Prime Minister Putin speaks precautionary measure and reassures that there are sufficient stocks for domestic consumption. But grain prices in Russia have increased more than the world markets. The new sharp price increase will cause problems for big importers.
In the world of the global economy, prohibitions on wheat exports are returning
Kazakhstan's ban on wheat exports is causing great difficulties for nearby countries. Yet production is on the rise in the country, and in the future it plans to supply Europe and China.
Drought threatens 6.75 million hectares of crops
Snowfall and cloud seeding have had limited effects. Drought has been particularly bad for wheat, whose output is expected to be around 100 million tonnes this year, down from 115 last year. Once self-sufficient, China must import as world prices skyrocket.
Worst drought in a century wipes out harvests in southwestern China
Rainfall drops 80 per cent. About 51 million people face water shortages in Yunnan, Guizhou, Guangxi, Sichuan and Chongqing. Food prices hit the roof as speculators horde production. The danger of street protests increases.
El Niño and heavy industry leave South East Asia waterless
Over 65 million people in the Mekong region are suffering the worst drought in 30 years. Bangkok: the Chinese dams the source of the problem. At risk crops of rice and sugar, production of palm oil in Indonesia and Malaysia. Indigenous Filipinos forced to eating poisonous plants.
13/01/2011 CHINA – EAST ASIA
World Bank expects China to lead Asia in growth in 2011
The World Bank forecasts strong but lower growth in China and the Asia-Pacific region, especially because of higher inflation. Experts say China’s growth will be shaped by political decisions, like the value of the yuan.
AsiaNews IS ALSO A MONTHLY!
AsiaNews monthly magazine (in Italian) is free.
2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®