TOKYO, April 11 (Reuters) - Japan's weather bureau said on Monday there was a high possibility that a La Nina weather pattern would emerge in summer after the El Nino ends.
The Japan Meteorological Agency said the El Nino, which is often linked to heavy rainfall and droughts, was expected to continue weakening and that there was a high possibility the weather event would finish by early summer.
El Nino - a warming of sea-surface temperatures in the Pacific - can trigger drought in Southeast Asia and Australia and floods in South America, hitting production of key foods such as rice, wheat and sugar.
While a La Nina can be less damaging than El Nino, severe La Ninas are also linked to floods, droughts and hurricanes.
(Reporting by Yuka Obayashi; Editing by Himani Sarkar)
Calvin comments:
As La Nina will hit production of rice, wheat and sugar by floods, droughts and hurricanes - expect more soy and maize be diverted as feedstock for animals and food for human consumption.
So in the lack of food there will be less competition from Soy Oil & Corn.
So?
SO CPO PRICES EXPECTED TO SKY ROCKET UPWARD!!!
STOP PRESS! STOP PRESS!
YOU ALL BETTER GO AND GET A COPY OF STOCK PERFORMANCE GUIDE (SEPTEMBER 2015 EDITION) From Any MPH BOOKSTORE OR POPULAR BOOK STORE
THEN LOOK UP ON ALL DR NEOH SOON KEAN COMMENTS OF COMING EL NINO ON ALL PALM OIL COUNTERS!
He is not so bearish like so many others.
IN FACT BECAUSE OF DR NEOH'S WORDS
CALVIN IS BULLISH ON PALM OIL!
THIS IS IT!!
CALVIN WILL STILL BE BULLISH EVEN IF OTHERS ARE BEARISH!
I BELIEVE THEREFORE I AM BUYING AND WILL BUY MORE CPO ON WEAKNESS!!
THAT'S IT AND THAT"S SETLLES IT!!
CALVIN IS BULLISH EVEN IF EVERYONE ELSE IS BEARISH!
YAHOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!
Lk036
Calvin, why past fews day oil palm prices is dropping? It is due to tax or less demand? I believe oil palm will only up if soybean price up due to less yield or harvest. Hope oil palm price will up to 3k as per your prediction. Prefer La Niña than El Niño.
2016-04-11 22:00