Bisnis, JAKARTA – El Nino raises concerns on the rise of global food price inflations. It would mean drought in several countries such as Australia, Indonesia, the Philippines, and northern Brazil. On the other hand, El Nino may cause an increase in rainfall for several regions such as Argentina, and even flooding in others such as Central America.
Caution! El Nino Threatens to Boost Inflation
The looming threat of El Nino provokes a response from producing countries of agricultural products, who start to limit their export quotas. Inflation of food prices, which is currently cooling down, may potentially follow.
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