After the flood embankments in the flood swept over the city of Toowoomba in Queensland, Rockhampton City and other cities in 20 counties in the formation of the Queensland capital of Brisbane, siege, 12, from Crack into Brisbane city torn northeast. To accommodate evacuation of victims, Brisbane has opened nine shelters can accommodate nearly 3 million people expected, Brisbane Mayor Newman said.
but there are economists in predicting economic losses caused by floods reminded that the floods although in the short term losses to the Australian economy, but the long term, the Government spent $ 1,000,000,000 in reconstruction of Queensland driven by the state, Australia's economy may recover in the second half of 2011.
and bring short-term impact compared to the coal industry, the food problem caused by flooding will be more severe. January and February are usually the Australian wheat harvest of the season, a lot of rain will result in reduced production of wheat in 2010, Australian wheat production is 22.5 million tonnes, of which 14.5 million tonnes for export, accounting for global market share of wheat exports to 11 %. It is predicted that floods will result in Australian wheat production by half. In addition to wheat, fruit and sugar production will decline.
China is Australia's major coal importer, it caused flooding in Australia coal prices could lead to China's declining coal imports from Australia. In addition, Colombia, South Africa, Russia and Indonesia, the weather also damaged and coal transport. Australian coking coal prices has not only developed countries to emerging economies had an impact on economic growth.
Industrial Bank report also predicted China's CPI this year will be 5% to 6%.
flooding in Queensland
Reserve Bank of Australia given the current forecast for 2011 GDP growth of 3.5%.
China in 2010, also has suffered a drought and flood disasters. National Climate Center Director Song Lianchun analyze the reasons mentioned in the last year in the tropical Pacific, El Nino and La Nina events of conversion is very unusual.
commodities short Australia is the world's largest coal exporter, Queensland, Australia is owned 40% of the coal reserves, its production accounted for 56% of coal production in Australia. International coal prices in the flood immediately after showing a rising trend all the way, since the beginning of coal has risen 10 dollars, a record $ 143 per ton, 12-month high. Coking coal for the smelting also rose by 10% to USD 250 per tonne. This price before the 2008 Australian coking coal prices due to the historical flood peak has a difference of more than 100 U.S. dollars. Flooding caused by increased transportation costs are also for Australia's coal prices to rise further open space. UOB Kay Hian (UOB Kay Hian) analyst Helen Lau in Hong Kong is expected to forecast the Australian coking coal rose in recent weeks $ 270 per tonne, an analyst at Wood Mackenzie, the energy information is able to forecast coking coal prices in the flood rose to a record 400 U.S. dollars per tonne.
Australia is the world's largest coal exporter, Queensland, Australia is a 40% of the coal reserves. Energy analysts predict the flood of information the company can record coking coal prices pushed $ 400 per tonne.
Meanwhile, corn futures contract prices low in June last year rose 94%, soybean and wheat prices to increase by 51% and 80%. According to data published by FAO, global food price index in December 2010 reached 215, nearly the highest point in 20 years.
current climate anomaly trends have spread to China, even though the weather this time of extreme flooding showed negative drought. Shandong Province, said the Office of Flood Control and Drought Relief Headquarters, the current standard of the province for more than 50 years of drought for a return. September 23 last year, to date, outside the Department of Shandong Peninsula in addition to more than 120 days no effective rainfall.
Australia's coking coal prices has not only developed countries to emerging economies had an impact on economic growth. Hardest hit in Japan and China Taiwan, they have 80% of coking coal from Australia, South Korea and India feel the pressure is not small, they are imported coking coal to 63% and 37% are also unsolicited Australia. As one of Australia's coking coal imports, China is also difficult to avoid being affected, the first 11 months of 2010, a total of 32.77 million tons of coal imported from Australia, accounting for 22.2% of total daily imports. Make these countries feel a little consolation is that analysts generally believe that the current round of floods caused by the rise of coal does not form a long-term trend, as the flood subsided and the decline of coal, coal prices in the second quarter before the fall.
the recent rise in global food price index, mainly by the cooking oil, grain, sugar and meat prices led the prices of these products may continue to rise. The World Bank has warned that the potential impact, the reporter learned that these areas of extreme weather have caused commodity prices, but do not yet constitute a direct commodity prices in China's
Economists predict
floods
2011 La Niña years is thought to be the strongest year ever. In the past year in Australia recorded the hottest around the sea water temperature, recorded in eastern Australia to the highest humidity. According to Australian Bureau of Meteorology weather forecast from the 17th day of the week, the Queensland region will also experience sustained rainfall.
within Queensland has eight major rivers approaching flood warning line.
arrived in the evening in the flood, Australian Prime Minister Julia Gillard has arrived in Brisbane, and local officials vowed to military personnel.
coal imports soaring iron ore prices are expected
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
serious food problem
the Central Meteorological Observatory predicted the next ten days, North China, meteorological drought area Huanghuai no noticeable precipitation, the drought will continue. The development of drought for some time, will determine the drought on food production this year, the extent of impact.
1 12, Queensland's largest insurance company Suncorp has shut down their customer call centers, to suspend the relevant business. It is estimated that they suffered losses of 1.8 billion U.S. dollars, equivalent to half their income. As the floods recede, they will also face further losses.
Leiden holding company also announced the construction sites are covered under the flood, they would stop the largest in Queensland infrastructure projects worth 4.1 billion airport and toll road projects.
First save him! Rice, that moment, they are trapped in the car were flooded. January 10, this scene repeated in the Australian national television.
loss of over a hundred billion dollars
floods blocked O ports:
currently affected by floods and other extreme weather regions of Brazil and Australia are the largest producer of iron ore. World's third largest iron ore mining company Rio Tinto announced the 14 sites, heavy rain has caused road and rail access to Brisbane break, Brisbane port is also forced to close.
in Rice is just a tragedy of the recent floods who brings a microcosm of Australia's great disaster. This lasted for more than two months has caused flooding in at least 22 people were killed and more than 20 million people affected, the affected area has been more than two in Texas.
local time, at 3:30 on the 13th, downtown Brisbane flood water level measured at 14 feet, 7 inches (about 4.45 meters). With the suspension of rainfall and upstream dams flood the city the amount of the decline in the city, Brisbane's flood may be in the next few days, then fades. Brisbane City Council posted on its Web site notice, to tell the public from the 14th day after the flood receded, the government will help restore the public opening of 160 bus trips to return home.
if the floods also brought Australia a little Zoudie four consecutive days, the Australian dollar fell to 1:0.9847, to December 18, 2010 the lowest. As of press time, the Australian dollar has fallen this year by about 4%. Australian Zoudie floods also caused the market to dispel the Reserve Bank of Australia in February for the central bank to raise interest rates again at the concerns.
However, as the floods receded, the loss of the disaster brought to Australia just surfaced.
or send food crisis in parts of the international commodity prices could worsen inflation in China.
the end, Black was saved, but Jordan and his mother but was washed away, January 12, Wednesday morning, their bodies were found.
drought
substantially cut agricultural products or are food shortages
and bring the coal industry and iron ore compared to the short-term impact of the floods caused by food problems will be more severe. January and February are usually the Australian wheat harvest of the season, a lot of rain will result in reduced production of wheat in 2010, Australian wheat production is 22.5 million tonnes, of which 14.5 million tonnes for export, accounting for global market share of wheat exports to 11 %. It is predicted that floods will result in Australian wheat production by half. In addition to wheat, fruit and sugar production will decline.
Queensland, Australia, the total economy gross domestic product accounts for about 20%, most banking analysts predict that the flooding in the area of disaster will result in the Australian economy about $ 7,000,000,000 . Warren McKibbin Australian Fed governor, said in an interview: Morgan Stanley Capital International index for the year in Australia has fallen by 4%.
Queensland, Australia is the second largest state in the flood-stricken area. NASA satellite map provided by the Australian hydrological, in the cold light and infrared light spectrum synthesis, the Queensland representative of three quarters of the area has been covered by the flood of light blue spectrum.
< p> the recent outbreaks in eastern Australia, the worst flooding in half a century, the United Kingdom Meteorological experts said that La Nina is caused by the east coast of Australia, annual rainfall than the level of reason.
flood resort of pollutants in the Great Barrier Reef will also harm the environment, according to Tourism Queensland forecast, flood losses due to fear tourism will reach 100 million Australian dollars.
international investment bank Goldman Sachs recently raised its 2011 spot iron ore sold to China, the average price of 135 dollars per ton rose from $ 146, because .
The rain continued to plague Serrana region of Rio de Janeiro, may continue to push commodity prices of raw materials locally. The World Bank has warned that American coast near the Pacific coast of South America, northeast trade winds push cold water along the equator to Australia forward. In the forward process, the cold water under the irradiation of the sun gradually warming effect of the warm air in Australia a lot of rain clouds to form along the Pacific coast. The pressure difference larger and more powerful northeast trade winds, the warm, moist air pushed to the Australian coast, it rains a larger cloud, to the east coast of Australia to bring more rain.
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