With the Australian Bureau of Meteorology indicating that the current El Niño could see a marked decline during the first quarter of next year, there is a significant risk that La Niña could develop during the next Northern Hemisphere growing season. In this Agricultural Commodities Watch we examine the extent to which moderate-to-strong El Niño events have been directly followed by La Niña and explain what this might mean for the production and prices of major agricultural commodities.
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