Thai floods may cause global rice shortage

Prophecy Sign:  Food shortages and famine

Revelation chapter 6 has a warning about food prices during the Tribulation period. Food would become so expensive that it would take a days wage just to buy enough food for a day. How could this happen? The article below is an example of just how. Everything from wars to weather will see the availability of food decrease, while the price will skyrocket. A basic rule of economics - supply and demand.

When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages and do not damage the oil and the wine!” Revelation 6:5-6 NIV

From the article:

Thailand’s flooding has wiped out as much as 14% of paddy fields, drastically reducing the export capacity of the world’s biggest rice exporter and potentially increasing global food prices. The worst flooding in the country in 60 years has destroyed 1.4 million hectares (3.5 million acres) and as much as 7 million tons of crops, the government says. The global shortfall equates to 4.6 million tons of milled grain, 1 million more than the surplus expected by the US Department of Agriculture. There has already been a 13% jump to US $625 a ton this year in the Thai export price, a global benchmark, and analysts have warned it may climb a further 20% by December.

Thai floods may cause global rice shortage

http://story.arabherald.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/200462452/cs/1/ht/Thai%20floods%20may%20cause%20global%20rice%20shortage/