Continuous Rain and Floods Affecting Vegetable Prices
Heavy Rainfall has greatly affected vegetable output by twenty percent in key Chinese provinces further pushing grain and vegetable prices higher. These are threatening government efforts in raising the quantity of domestic vegetables even with the current inflation pressures.
The high prices have been the leading factor in increased inflation and with recent droughts and floods limiting the supplies of vegetables, the inflation risk has only been aggravated further. Local officials have issued warnings that vegetable prices might further increase and will remain high for the next week or so because of the weather conditions.
Agricultural Department officials say that floods, hitting areas such as Zhejiang, Jiangsu, Anhui, Hubei, Hunan, Jiangxi and Guangdong provinces, have destroyed more than 432,000 hectares of crops. Hangzhou was hit the hardest forcing vegetable prices to go as high as forty percent there.
The National Meteorological Center will be maintaining the orange rainstorm alert, the second highest alert level. The Central Government also arranged for an emergency flood control meeting to discuss possible flood preparations as reports of severe floods triggered by incoming rains have threatened parts of China.