Mumbai, April 15 (Commoditiescontrol):On Thursday, the U.S. weather forecasting agency predicted that the El Niño phenomenon had a 62% chance of developing in the Northern Hemisphere between May and July. The agency also projected a strong likelihood of the phenomenon occurring towards the end of the year. In addition, the National Weather Service’s Climate Prediction Center (CPC) stated that the coastal warming in the eastern Pacific might indicate changes across the Pacific basin, leading to an El Niño watch issuance. The potential outcomes towards the end of the year could include a strong El Niño, which could exacerbate crop risks worldwide.
The CPC added that neutral conditions would persist through spring. El Niño occurs when ocean surface temperatures in the eastern and central Pacific warm up, often causing damage to crops, flash floods, and fires. Fitch Solutions noted that the anticipated transition to El Niño during the second half of 2023 could reduce rice yields in Southeast Asia, Mainland China, and both southern and eastern India.
Meteorologists expect hot and dry weather to impact cereal and oilseed crops across Asia, with the El Niño weather pattern expected to develop in the second half of the year. This development may threaten supplies and increase concerns about food inflation. The Japan weather bureau also indicated a 60% chance of an El Niño pattern during the summer.
However, El Niño could benefit certain areas in the near term. For example, Argentina, which is presently experiencing drought conditions, could benefit from improved weather. Additionally, the phenomenon could boost yields for U.S. cotton farmers who had to abandon a significant portion of their crops in 2022 due to a devastating drought.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
