Crop losses and supply chain bottlenecks have driven up food prices in both China and Australia. China experiencing the highest food prices on record, and surprise summer snow hits Tasmania. Vegetable prices were surging in Australia because of the earlier bush fires. What appears to be a dragon head appears out of the cyclone blasting Iceland.
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*** Today's Story Links ***
Which Stock Sector Has The Highest Revenue Exposure To China
https://www.zerohedge.com/markets/which-stock-sector-has-highest-revenue-exposure-china
China Suddenly Has Another Major Problem, As Soaring Food Prices Put A Lid On Central Bank Intervention
https://www.zerohedge.com/economics/china-suddenly-has-another-major-virus-problem-soaring-food-prices-put-lid-central-bank
RECORD BREAKING COLD SWEEPS SOUTH KOREA — MULTIPLE CITIES SUFFER THEIR COLDEST-EVER TEMPS
https://electroverse.net/record-breaking-cold-sweeps-south-korea-multiple-cities-suffer-their-coldest-ever-temps/
S. Korea sees coldest day on record
http://www.koreaherald.com/view.php?ud=20200206000677
Strong cold wave grips South Korea after warmest January on record
https://watchers.news/2020/02/07/strong-cold-wave-grips-south-korea-after-warmest-january-on-record/
PARTS OF AUSTRALIA REPORT RARE SUMMER SNOW
https://electroverse.net/parts-of-australia-report-rare-summer-snow/
40C to Snow Tasmania in Summer
https://www.9news.com.au/national/hobart-heatwave-to-snow-in-24-hours-weather-news/95faf033-e1c8-4e65-aba5-78d018afc94a
Deep cyclone in the Greenland Sea
https://www.severe-weather.eu/mcd/exceptional-satellite-presentation-cyclone-greenland-sea-mk/
Vegetable prices may soar 50 per cent as growers face perfect storm of bushfires and drought
https://amp.abc.net.au/article/11866038
Bushfires may nudge up consumer produce prices
https://www.theland.com.au/story/6607137/veggie-price-hike-looming/?cs=4943
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This “JUST IN TIME” manufacturing 👨🏭 system is showing its weaknesses . This is why we need to bring back KEY manufacturing sectors . Thank you 🙏 👏
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