A report from PaiPai who has been monitoring the news out of China:
“China is suffering the coldest winter (record breaking cold temperature in 30 years history) in Northern, NW, East coast (Yangzi River Triangle Area farm land grounds are frozen solid which is very unusual in that area) part of China, even Southern provinces are affected. The Winter/Spring Crops are damaged. People are scrambling to source fresh vegetables from Sichuan province to many parts of metropolitan areas, like Shanghai for example and prices are going sky high. Many frozen vegetable processing /packing facilities are all having nothing to do, due to lack of raw materials, because fresh vegetables are all going to local markets for people’s daily consumption. Fresh Broccoli and Cauliflowers are in huge demand and hard to come by for frozen vegetable processors. We will see severe shortage of these items in the near future.
This condition will get worse, if the weather condition will not improve in short period of time. It will affect our packers’ ability to get decent prices and good quality/quantities of raw materials in order to fulfill our contracts.”
