IDONG VILLAGE, China, Feb 5 - China has declared an emergency over a drought which could damage the important wheat crop, threatening further hardship for farmers amid slumping economic growth.
The dry winter gripping parts of central and northern China has sent Zhengzhou wheat futures up 5 per cent this week but physical prices have not moved, with most investors confident the country’s reserves and last year’s big harvest can offset any fall in wheat production this spring.
