Economics
El Nino Tightens Grip in Asia as Rice, Soy Seen in Jeopardy
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El Nino is starting to bite in Asia.
Drought linked to the weather pattern will cut Thailand’s main rice harvest to the lowest in nine years. Soybeans sown in the past two weeks in India may be pulled out of the ground without immediate rain, and the outlook is cloudy for Asian palm oil. Australia’s wheat crop may decline.