La Nina weather phenomenon has reached its peak

On January 11, the World Meteorological Organization (WMO) and the Australian Bureau of Meteorology (ABM) evaluated the weather phenomenon La Nina in 2011-2012, culminating after causing severe drought in Argentina and floods. Terrifying wading in many Southeast Asian countries.

WMO and ABM data show that La Nina continues to affect the weather in the Pacific region but has shown signs of weakening.

Dry weather has caused severe drought in South America's soybean and corn areas, while heavy rain has caused widespread flooding in rubber and palm plantations in Thailand and Malaysia.

Experts estimate that the current drought caused by the La Nina weather phenomenon may cause more damage to Argentina than the 2008-2009 drought, which is considered the worst in the last 70 years. this country. At that time, drought caused Argentina's soybean production to fall 31% to 32 million tons - the lowest level in 7 years, corn production of 15.5 million tons, down 30%.

Last year, the United States suffered similar losses when corn production hit its lowest level in three years. This fact has seriously affected the price of some agricultural products in the world market, specifically, the price of corn has increased by 13% while the price of soybeans and wheat has also increased by 11%.

Heavy rain also reduced palm oil production in December 2011 in Malaysia, the second largest palm oil producer in the world, down 1.63 million tons, the lowest level in the last 9 months.

Floods also drastically reduced rubber production in Thailand, resulting in a 3.6% increase in the market price of rubber in January.