A Chinese man who bought 6.5 tonnes of salt, hoping to profit from panic buying spurred by fears of radiation from Japan, is now stuck with the £2 480 pounds worth of the condiment.
The man bought the salt in Wuhan, when rumours spread across China last week that the iodine in salt could help ward off radiation sickness. Salt prices jumped on the rumours, and, acting on a tip that there would be a supply shortage lasting at least six months, the man bought 260 bags of salt, which he took back to his apartment in three trucks.
A few days later, the Chinese government urged consumers to stop the panic buying, saying residents will not be exposed to radiation from Japan's quake-damaged nuclear plant, causing a sharp drop in the price of salt.
He's now stuck with the salt, which the newspaper said takes up more than half his apartment and had cost him £2 550 to buy and transport.
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