03.12.2014 - El Niño set to cause commodities worries
Leading meteorologists are on the verge of declaring the emergence of the El Niño weather phenomenon after chances of its occurrence were downgraded earlier this year. Agricultural experts and farmers keep a close watch on the development of the weather phenomenon, caused by a warming of Pacific sea surface temperatures. El Niño, which means “little boy” in Spanish, can trigger extreme weather in various parts of the world. In the past, it has caused droughts in south and southeast Asia and Australia and floods in parts of Latin America. It also warms the waters of the Pacific Ocean, affecting fishing off the coast of Peru...............................................Full Article: Source
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