Agriculture prices are projected to fall 2.6 per cent this year but are estimated to rebound in 2020 due to lower crop production and higher costs for energy and fertilisers, the World Bank said in its April Commodity Markets Outlook. Agricultural and food prices are expected to remain stable over the medium term. However, sharp […]
Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rains, according to the latest assessment by the country’s weather office. Officials in the India Meteorological Department said El Nino conditions have weakened considerably and the assessment is that this is unlikely to pose any threat to the […]
Coffee-producing South Indian states have been witnessing a series of extreme weather events in the last four years. Extreme rainfall causing heavy flood and large-scale landslides in August 2018 in coffee producing areas of Kerala and Karnataka led to a dip of around 20 per cent in the total coffee production. South Indian states like […]
There is a 70% chance of an El Nino developing by the end of this year, according to the latest update from the World Meteorological Organization (WMO). Its intensity is currently uncertain, but a strong event appears unlikely, the agency said in a statement. The El Niño/Southern Oscillation (ENSO) is a naturally occurring phenomenon involving fluctuating ocean […]
An uneven southwestern and eastern Asia monsoon may lead to areas of drought and recurring flooding during the summer of 2018, weather forecaster AccuWeather said. The weather pattern that brought areas of isolated flooding rain, frequent dust storms and damaging winds from the Middle East to northern India will break down over the rest of […]
Private weather forecaster Skymet said that monsoon in India is likely to be normal with no chances of drought this year. The forecaster said there were 5 per cent chances of excess rainfall that is more than 110 percent of long-period average (LPA). The average, or normal, rainfall in the country is defined between 96 […]
Bangladesh’s rice imports reached a two-decade high in the first half of the fiscal year as private importers rushed to make profit from higher prices resulting from huge crop losses after three episodes of floods, a newspaper report said. The Daily Star said that imports of the staple stood at 22.59 lakh tonnes in July-December […]
Favourable growing conditions and reports of higher production throughout the sector is expected to boost Indonesia’s palm oil production to 38.5 million tons in 2017/18, and 2016/17 output is revised up to 36 million tons, the U.S. Department of Agriculture (USDA) said in a report. Buoyed by larger domestic availability, palm oil exports in 2017/18 […]
The average global temperature set in September 2017 was 0.78°C (1.40 degrees F) above the 20th-century average of 15.0°C (59.0 degrees F), according to scientists from U.S. National Oceanic and Atmospheric Administration (NOAA). This average temperature was the fourth highest for September in the 1880-2017 record. This marked the 41st consecutive September and the 393rd […]
While gas markets are currently well supplied, the transformation of natural gas markets from regional systems to more globalised and interdependent markets is creating new security challenges, according to the International Energy Agency’s latest assessment of global gas security. In a report that provides an extensive analysis of recent gas balancing issues and risks with […]
