# China floods hit rice, corn crops; trigger food inflation worries | Reuters

> Floods in China's northern grain belt have damaged corn and rice crops, with an estimated 4-5 million tons of corn, about 2% of output, affected. More rain is forecast as another typhoon approaches.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: weather · region China · magnitude medium
- Page: https://feedsoft.ai/events/34584-china-floods-hit-rice-corn-crops-trigger-food-inflation-worries-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Crop losses in China raise import demand for corn and grain at a time of tight global supplies, supporting feed grain prices and food inflation concerns.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-08-27 | [Heat, floods threaten China crops as U.S. farm purchases loom \| Reuters](https://feedsoft.ai/events/14552-heat-floods-threaten-china-crops-as-u-s-farm-purchases-loom-reuters.md) | +1.2% | +5.8% |
| CORN | 2022-01-06 | [Heatwave to hit Argentina, further stressing corn, soybean crops \| Reuters](https://feedsoft.ai/events/14062-heatwave-to-hit-argentina-further-stressing-corn-soybean-crops-reuters.md) | +2.0% | +4.0% |
| CORN | 2017-07-04 | [Too much rain: China's floods roil hydropower, corn supplies](https://feedsoft.ai/events/69844-too-much-rain-china-s-floods-roil-hydropower-corn-supplies.md) | +3.3% | -3.3% |
| CORN | 2024-04-12 | [2K rice, corn farmers lose crops](https://feedsoft.ai/events/6716-2k-rice-corn-farmers-lose-crops.md) | -0.2% | +1.2% |
| CORN | 2023-06-23 | [US Corn Crop Withers to Worst Conditions Since 1992, Driving Prices Higher](https://feedsoft.ai/events/9765-us-corn-crop-withers-to-worst-conditions-since-1992-driving-prices-higher.md) | -8.6% | -15.1% |
| RICE | 2024-04-12 | [2K rice, corn farmers lose crops](https://feedsoft.ai/events/6716-2k-rice-corn-farmers-lose-crops.md) | +12.7% | +10.8% |
| RICE | 2024-06-21 | [Explainer: Why food prices will remain high in India \| Reuters](https://feedsoft.ai/events/29727-explainer-why-food-prices-will-remain-high-in-india-reuters.md) | -6.9% | -20.9% |
| RICE | 2024-03-14 | [US forecaster sees higher chance of La Nina conditions this summer \| Reuters](https://feedsoft.ai/events/31137-us-forecaster-sees-higher-chance-of-la-nina-conditions-this-summer-reuters.md) | +0.5% | -4.2% |

## Sources

- reuters.com: https://www.reuters.com/world/china/china-floods-hit-rice-corn-crops-trigger-food-inflation-worries-2023-08-11/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.