You are here

Potential El Nino may hit shipping patterns, raise freight costs

Weather changes could affect output of key foods such as rice, wheat, sugar
Monday, June 9, 2014 - 06:00
BT_20140609_THREAT9_1123111.jpg
Strong grip: While countries in Asia are scrambling to reduce El Nino's impact, shipping markets expect trade flows will be affected. - PHOTO: AFP

[LONDON] A potential El Nino weather phenomenon, which could wreak havoc on global crops, is set to disrupt shipping patterns and raise freight costs, leaving suppliers and importers to cover their food needs from longer-haul destinations. El Nino, a warming of sea-surface temperatures in the