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Source: VGP

UN warns of possible high rice prices

The United Nations has warned that floods in Vietnam, Laos and Thailand would push up rice price.

The United Nations has warned that floods in Vietnam, Laos and Thailand would push up rice price.

Over the past days, floods inundated around 1.5 million hectares of rice cultivation land in the three Southeast Asian countries.

Thailand was the hardest hit country, followed by Cambodia, Vietnam and Laos.

In Thailand, floods that had emerged over the past two months badly damaged 1.2 million hectares of rice, or 10% of the country’s rice cultivation land.

This year’s flood season in Vietnam, the 2nd world biggest rice exporter, has submerged 6,000 hectares of rice and affected other 100,000 hectares.

Floods in Vietnam’s Mekong River Delta were formed due to abnormal torrential rains in Laos and Thailand, which lie in the upper part of the Mekong River.

In Cambodia, over 330,000 hectares of rice was submerged under water, of which 100,000 hectares were completely devastated.

Content link: https://dtinews.dantri.com.vn/vietnam-today/un-warns-of-possible-high-rice-prices-20111008104437000.htm