Rice Crops Take A Pounding From Southeast Asian Floods
October marks the start of the main rice harvest in Thailand, the world’s largest exporter of the grain.
Traders are waiting to see the full impact of flooding on the crop, but it’s already clear that output across Southeast Asia will fall substantially.
The U.N.’s food agency estimated last week that 12.5% of rice paddy had been damaged in Thailand. Laos, Cambodia and the Philippines also took a hit, with farmers in Vietnam, the second-largest exporter, largely spared."
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