22.04.2014 - Chances of new El Niņo cycle in 2014 impact on agricultural commodities
Concerns about the arrival of a new El Niņo weather phenomenon have increased in recent weeks. A possible new El Niņo cycle has a major impact on the global commodities market. El Niņo - a weather phenomenon that occurs once every five years on average - involves periodical warm ocean water temperatures off the western coast of South America which can cause climatic changes across the Pacific Ocean. Its impact on harvests and the world varies; sometimes passing almost unnoticeable (such as in 2010) but it can also be felt worldwide...............................................Full Article: Source
Print