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LATEST NEWS UPDATES | Asia braces for El Nino impact -Naveen Thukral

Asia braces for El Nino impact -Naveen Thukral

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published Published on May 14, 2015   modified Modified on May 14, 2015
-Livemint.com

A strong El Nino will roil economies that are heavily dependent on agriculture, particularly India

Singapore:
In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its return this year.

A strong El Nino will roil economies that are heavily dependent on agriculture, particularly India which is already reeling from bad weather. It would also unhinge supply chains of commodities such as rice, corn and palm oil. In fact, the heat is already up in some places in the Asia Pacific.

“We’ve already been hit by a three-month dry spell. We could not plant anything since January. All of us here in Taculen are praying for more rains,” said Benny Ramos, a rice farmer in North Cotabato in southern Philippines.

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Livemint.com, 12 May, 2015, http://www.livemint.com/Politics/H4pP1GlpvjNGkQH4MSeE5O/El-Nino-has-emerged-Asia-braces-for-crop-damage.html


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