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El Nino will not churn up storm in food prices: Credit Suisse

Conditions for El Nino to spark food inflation in Asia aren't present today
Wednesday, April 30, 2014 - 06:00

THE risk of Asia's food inflation surging due to El Nino has been overstated.Only two out of four episodes in the past 20 years have seen El Nino coincide with a significant rise in global and Asian food inflation, said Credit Suisse in a report on Monday.Even so, food price inflation during

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