Rain May Be ‘Too Late’ for China Wheat Area, BWS Says

Drought in wheat-growing regions in China, the world’s largest producer, may persist for a further month and rain may come “too late” to avert damage to crops, pushing prices higher, British Weather Services said.

“We’re not looking at anything other than cold and mostly dry” weather, said Jim Dale, senior risk meteorologist at British Weather Services. “It’s probably going to do further damage, at least to the price in the short-term, because of the anxiety and the risks,” said Dale, who correctly predicted the U.K.’s coldest December on record and Argentina’s drought.