CHINESE VEGETABLE PRICES HIT RECORD HIGHS — THE RESULT OF PERSISTENT COLD AND RE

[Mark]

https://electroverse.net/chinese-vegetable-prices-hit-record-highs-the-result-of-brutal-cold-spells-and-record-rainfall/

The cost of China’s food staples have remained high all year, and are now at record levels. The contributing factors are many, but the main ones are persistent bouts of cold during the first quarter of 2019, increased cloud cover limiting sun hours and now June’s record precipitation.

Welcome, China, to the next Grand Solar Minimum.

Vegetable prices usually see a sharp seasonal decline in the summer, but that isn’t expected to occur this year given China’s chronically short supply — the price of veg is currently 18.4% higher than the previous 3 years’ average.

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