World food costs at risk of soaring as China faces tough harvest
Story Date: 10/7/2021

 

Source: BLOOMBERT, 9/29/21


China is set for a difficult harvest season as a severe energy crunch hurts the outlook for booming production, a development that risks triggering a renewed surge in world agriculture and food prices.  Autumn harvest in the top agricultural producer is underway just as the world’s No. 2 economy faces power shortages in industrial hubs that threaten to slow growth. Among the worst hit are northeastern provinces such as Jilin, Liaoning and Heilongjiang -- where about half of China’s corn and soybeans are grown.

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