Cold Front Could Freeze China’s Crop Harvest

Apple futures on the Zhengzhou Commodity Exchange have surged about 8% in slightly under two weeks as many regions experienced an abrupt shift from warm to cold weather. Photo: Bloomberg

(Bloomberg) — A cold front has caused temperatures to plunge across northern China, sparking concern about damage to fruit and vegetable crops and driving investors to bet on production losses.

Apple futures on the Zhengzhou Commodity Exchange have surged about 8% in slightly under two weeks as many regions experienced an abrupt shift from warm to cold weather. Some northern areas even experienced heavy snowfall.