24 Oct '11, 4am

Flooding in Southeast Asia may cause food shortages, UN says

Communities in parts of Southeast Asia face “serious food shortages ” after flooding devastated rice paddies and other crops since the start of September and aid deliveries are disrupted, the United Nations said. About 12.5 percent of rice farmland in Thailand has been damaged, along with 6 percent in the Philippines, 12 percent in Cambodia, 7.5 percent in Laos and 0.4 percent in Vietnam, the UN Food & Agriculture Organization said in an Oct. 21 report. Crop losses may help sustain a 17 percent rally in rice futures in Chicago this year, adding pressure on food costs, and creating more problems for government leaders across Asia, where the grain is the main staple, said Lynette Tan, an analyst at Phillip Futures Pte. The UN Food Price Index of 55 commodities including cereals, meat, sugar and dairy rose to a record in February. “Given that flooding in Thailand is not reall...

Full article: http://www.eco-business.com/news/flooding-in-southeast-as...

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