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Tidbits, La Niña, China & Taiwan, Trade War 5/25/24

Highlights


Rice is the top competitor with wheat in the world marketplace and in the domestic markets of Asia. India and China are the world’s leading producers of rice and wheat.


For three years, El Niño has battered Indian farmlands, causing prolonged droughts and significant decline in crop yields, including wheat and especially rice, a Kakinada-based rice exporter said. So, the return of La Niña is welcomed by farmers and grain merchants.

 

La Niña is expected to make a strong comeback to the Indian shores by August-September, according to India’s Meteorological Department (IMD). NOAA (Uncle Sam’s weather crew) predicts a 49% chance La Niña will develop in June-August 2024 or 69% chance in July-September.   

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