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 May 11 2021 | 16:05:14 GMT+0000 (Coordinated Universal Time)

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