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Posts Tagged ‘Rubber futures’

Deadly Floods Hit Southern Thailand

Posted by feww on November 3, 2010

It’s Now Southern Thailand’s Turn!

Deadly flooding in southern Thailand kills at least 38

The worst flooding in living memory, which hit northern and central Thailand in October, affected about half the country, killing at least 107 people, destroying about 4 percent of the farmland and  impacting the lives of about 8 million Thais in 38 of the country’s 76 provinces. At least 25 provinces are still submerged under 1m (3ft) of water.


Hat Yai, the commercial capital of southern Thailand. has been hit by deadly flooding, a report said. At least 38 people have been killed, as  floodwaters submerged parts of the region to a height of 3m (10ft). Photo source: PDN . Image may be subject to copyright.

Now the floods have inundated the southern part of the country, killing at least 38 people and submerging parts of the region under 3 meters (15ft) of water.   The floods have also forced tens of thousands of people to flee their homes in neighboring Malaysia.

Prime Minister Abishit Vejjajiva has reportedly declared a state of emergency in southern Thailand describing the flooding as “one of the worst natural calamities” the country has ever witnessed.

Thai rice price has surged to a 7-month high as a result of the extensive flooding, a report said.

“Rubber futures in Thailand, the world’s largest producer, and Singapore surged to records as floods spread across major producing nations in Southeast Asia, hurting production of the commodity used to make tires,” media reported.

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