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Floods boost food prices for years

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Levees on the cresting Mississippi River held today as the worst US Midwest flooding in 15 years began to ebb, but multibillion-dollar crop losses may boost world food prices for years.



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In the Philippines,
a "food shortage" looms in the next one to two months after the massive floods due to typhoon "Frank" (international codename: Fengshen) devastated farm lands and livestock in the Western Visayas. One of the affected provinces, Iloilo, is one of the top three rice-producing provinces in the country. The floods destroyed 22 hectares or rice lands, equivalent to 66,000 metric tons of rice, and "almost wiped out" livestock and fisheries in the region. In Cadiz town in Negros Occidental, the storm destroyed half a billion pesos worth of fishing boats. Water systems destroyed by the storm have not been repaired.

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