Irrigation Costs Spike as Drought Saps China’s Water Supply

A severe drought in China’s major crop-producing regions threatens to end 11 consecutive years of annual growth in the country’s harvest. The drought, affecting 4 million hectares of farmland, has cut the agricultural water supply in provinces including Henan, Hubei, Shandong and Liaoning, and shows no sign of abating. It coincides with one of the

Frosty Weather Damages Flowers and other cash crops in Yunnan Province

Freezing weather, snow and frost have damaged 670,000 hectares of crops in Southwest China’s Yunnan province. Unseasonal cold damages flower harvest, causing prices to spike. The southwestern plateau region grows at least 70 percent of the flowers sold at Chinese marketplaces…Full Article: China Daily Dec 2013 & China Daily Dec 2013 Key point The cold

China’s Poultry Industry Suffers More than $1.6 Billion in H7N9-Related Economic Losses

Losses of poultry-related enterprises nationwide have exceeded 10 billion yuan ($1.6 billion) since the first case of H7N9 bird flu was discovered, according to the National Poultry Industry Association. With all live poultry stands shut down in regions with H7N9 cases since early this month, poultry breeders, suppliers and sellers are facing tough times…Full-text article:

Chinese Ketchup Producer, COFCO Tunhe Co., Announces Losses of ~US$120 million in 2012

COFCO Tunhe Co Ltd, a major supplier of ketchup, estimated that its losses were between 700 million yuan ($112.54 million) and 770 million yuan [US$123.7 million] in 2012. According to an announcement from the company on Tuesday, a global oversupply of ketchup and the high sugar prices were the reasons behind the loss. Four of