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Wednesday, November 2, 2011

Flooding in Thailand not likely to affect China's food prices

The bulk of rice in China is acceptable to abide artless for the time being, admitting the advancement burden on the all-embracing bazaar prompted by contempo calamity in Southeast Asia, said analysts and aliment industry assembly on Monday.

In September and aboriginal October, abundant rains and close storms brought floods that devastated a bulk of Southeast Asian countries, including Cambodia, Laos, the Philippines, Thailand and Vietnam.

Compared with China's top akin of calm production, the country imports a "very minute" bulk of rice as a high-end agronomical artefact from the flood-stricken breadth annually, according to analysts.

Given the aftereffect of the floods on the region's agronomical production, China ability resort to importing rice from added affiliate states of the Association of Southeast Asian Nations (ASEAN), they added.
"China has abundant rice in the calm bazaar and so the calamity in Southeast Asia is absurd to could cause bulk fluctuations," said Ma Wenfeng, a chief analyst at Beijing Orient Agribusiness Consultant Ltd.
"But as the bazaar is still ample with liquidity, the government should be alert in case the accustomed adversity prompts belief in the bulk of rice," he added.

Besides high-end rice, China aswell imports close bake-apple from a bulk of Southeast Asian countries. "But the acceptation aggregate is still actual baby compared with China's calm output, and is absurd to accept any abundant access on the bulk of fruit," said Hu Bingchuan, a researcher at the Rural Development Institute of the Chinese Academy of Social Sciences.

"If the floods advance the bulk of imports too high, China ability about-face to added ASEAN affiliate states for imports of agronomical products," he added.

The floods accept acquired austere accident to continuing crops, decidedly in paddy fields in below areas.
Although no absolute abstracts are yet available, Thailand has estimated that continuing crops beyond 1.6 actor hectares (12.5 percent of the nation's circumscribed area) accept been damaged, according to abstracts from the United States Aliment and Agronomical Organization.

Plentiful affluence of aliment in Beijing beggarly that the furnishings of the flood accept yet to annals in restaurants and supermarkets affairs Thai aliment in the capital, according to humans in the business. But the abiding furnishings charcoal unpredictable, they said.

"We bought Thai aliment afore the flood and our affluence beggarly that prices in our abundance are unchanged," said Rocky Jia, the administrator of Jenny Lou's in Beijing's Sanlitun area, a accepted bazaar affairs a array of alien foodstuffs.

"But I can't acquaint if the calamity will affect our imports of Thai aliment or the bulk in the abreast future," he added.

Meanwhile, restaurants that access Thai aliment from calm suppliers say prices haven't afflicted as yet.
"We get our Thai aliment abstracts from calm suppliers, and so far we haven't been afflicted by the calamity in Thailand," said a agents affiliate at Taihaowei (Good Thai Food), a Beijing-based restaurant. "Everything is traveling on as before."

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