02 Feb '11, 4am

China's drought could have serious global impact

China's drought could have serious global impact

BEIJING: Wide swathes of northern China are suffering through their worst drought in 60 years -- a dry spell that could have a serious economic impact worldwide if it continues much longer, experts say. Some areas have gone 120 days without any significant rainfall, leaving more than five million hectares (12.4 million acres) of crops damaged -- an area half the size of South Korea -- China's drought control agency said Sunday. There are fears that the problem could send global prices soaring at a time when food costs are already causing governments headaches. According to the UN last month world prices broke their peak levels of 2008 to hit a record high. "If the dry spell continues into March or April, wheat production could be seriously affected, with losses of more than 10 million tonnes," Ma Wenfeng, an analyst at Beijing Orient Agribusiness Consultants, told AFP. "Ch...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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