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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
Add BT as a preferred sourcePublished Tue, Apr 29, 2014 · 10:00 PM
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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 these two instances was partly due to other factors, such as rice export bans and an oil price rebound in 2009-2010, it added.
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