Download KEEPING STEADY Conditions favor trade growth,P20

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.
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