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FIRST MOVER Australian council chief an old China hand, P32 CHINADAILY VOL 6 ASIA WEEKLY JULY 17-23, 2015 www.chinadailyasia.com NO 28 Published by China Daily Asia Pacific Limited When El Nino returns ASIA BRACES ITSELF FOR THE WEATHER PATTERN THAT COULD SPIKE UP FOOD PRICES AND INFLATION D By KARL WILSON in Sydney [email protected] Joint Printing Company Limited, 2-3/F, Hing Wai Centre, 7 Tin Wan Praya Road, Aberdeen, Hong Kong Australia: AUD4 (Incl GST), Brunei: BND2, Cambodia: KHR4,000, Dubai: AED5, Hong Kong: HKD6, India: INR20, Indonesia: IDR8,500 (Incl PPN), Japan: JPY400 (Incl JCT), Malaysia: MYR2, Myanmar: MMK500, Nepal: NPR30, Philippines: PHP50, Republic of Korea: KRW2,000, Singapore: SGD3 (Incl GST), Thailand: THB30 KEEPING STEADY Conditions favor trade growth, P20-21 espite reasonably good monsoon rains in South Asia, the El Nino weather phenomenon is again rearing its ugly head across Asia Pacific, raising fears of significant crop losses, increased food prices and rising inflation. In recent weeks, meteorological agencies in Japan, Australia and the United States have all voiced concerns that this year’s El Nino will not go away quickly, as was the case in 2014. All three agencies fear El Nino will last longer and intensify during the second half of the year and probably well into 2016. Just how severe it will be remains to be seen. El Nino occurs when warm water moves from the western (around Indonesia) to the eastern (around Peru) equatorial Pacific Ocean, in conjunction with a change in prevailing trade winds. SEE “DROUGHT” P5 Co Cover ove ver er St S Story to tor orrry y Unce Un Unce Uncertain cert rtai rtai ain prospects pros pros pr ospe pect cts for cts for palm fo pallm pa m oil, oil, il, il page pa page ge 6 Philippines P Ph hil ilip ppi p ne nes n es braces brac br b rac aces ces e for fo orr a dry dry ry spell, spe pell pell ll,, page p pa age ge 7 Comm C Co omm mmen ent Comment Bea Be Bearing earring in ng the the brunt th brun br u t of of drought, dro roug ught htt,, ht page pa g 8 ge