It seldom gets any media attention over here, but China has been suffering from one of its worst droughts in history. This article in the International Herald Tribune explains how dire the food situation is becoming.
Water supplies have been drying up for decades, the result of pervasive overuse and waste. Underground aquifers have been so depleted that, in some farming regions, wells probe more than 800 meters deep before striking water.
Some food and agricultural companies — like Potash (POT: 125.27 +7.13%) and Archer Daniels Midleand (ADM: 28.66 -2.65%) could be beneficiaries from China’s agricultural woes.
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