China: Heavy rains have caused serious damage to Henan's crops, will food prices rise in the future?

Published 2021년 7월 30일

Tridge summary

Heavy rains in Henan Province, a major grain-producing area in China, have caused some crop damage, but the impact on food production is expected to be limited. The timely drainage and technical guidance have prevented significant damage to most crops. The province is now repairing the crop damage and urging farmers to replant quickly. The price of wheat and corn is not expected to significantly change due to the small scale of the affected area. However, the price of peanuts may experience volatility due to heavy rains affecting the seedlings and the market facing pressure from cold storage peanuts and imported peanuts.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Henan Province is one of the three provinces where my country’s grain output exceeds 30 million tons. How has the heavy rainfall in the past few days affected the local crops? Will food prices rise? Heavy rains have limited impact on food production According to the statistics of the National Natural Disaster Management System, as of July 28, this round of heavy rains caused 1021.4 thousand hectares of crops in Henan Province, 518.3 thousand hectares, and 179.8 thousand hectares with no harvest. It is worth noting that in 2020, The grain output of Henan Province accounted for 10.2% of the total national grain output that year; the summer grain output of Henan Province in 2021 accounted for 1/4 of the total national summer grain output. What is the impact of heavy rain on local food production? Wang Junzhong, a member of the party group and deputy director of the Henan Provincial Department of Agriculture and Rural Affairs, said at a recent press conference that the current round ...

Source: FoodChina