Beijing residents are used to dry weather. But this winter, the dry spell has lasted well over 100 days, and has prompted the FAO – the UN’s food agency – to issue a warning on Chinese wheat production.
The FAO alert warns that “the ongoing drought is potentially a serious problem”, for China, the world’s largest producer of wheat. The markets have reacted too.
Domestic traded wheat prices jumped 6.5 per cent, hitting their highest ever level on Wednesday, after the Zhengzhou commodity market reopened after the Lunar New Year holiday.
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