Thailand Suffers Most Costly Flood in History – 10% of Annual Rice Crop Destroyed
The tropical tourist paradise of Thailand is currently suffering through enormously costly floods, resulting from a “weak” La Niña monsoon season. Following September’s extremely heavy rains — five feet of rain for the month — the monsoon season continues virtually unabated into this month, where it also coincided, last weekend, with the highest tides of the month. It is estimated that 10 % of the nation’s rice crop has been destroyed, so far, costing nearly 4 billion USD, and growing. This will have certain impact on global food prices (driving them higher) and on food security for tens of millions of people.
