La Niña conditions: Here’s what it means for soft commodity prices

The second half of 2020 saw the emergence of moderate to strong La Niña conditions. La Niña, which refers to the abnormal cooling of surface temperatures in the Pacific Ocean, brings about water scarcity in some areas and floods in others. According to the latest report from Standard Bank, La Niña conditions are now weakening. However, they could emerge again in early summer. Joining CNBC Africa to discuss the implications of that on agriculture and soft commodity prices is Penny Byrne, Research Analyst at Standard Bank.

Tue, 11 May 2021 16:05:14 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.