Noon International: Food Trading Import Export

It appears that frozen water chestnuts, one of our imports from China, used for blending with stir frys, pastas etc. will be hard to come by at reasonable prices.  This year they have once again encountered weather problems causing much of the raw material to become rotten.  The total growing area has decreased by up to 30% in some areas as farmers seek out better crops to produce. The canning industry, the largest user of water chestnuts will also be short putting more upward pressure on pricing, along with inflation, energy cost, RMB appreciation and so on. 

The end result is higher pricing and shortage.  Another indicator of food inflation.

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This entry was posted on Tuesday, October 30th, 2007 at 3:04 pm and is filed under China, Food Products, General Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.