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What can be expected from the ENSO phenomenon?

The El Nino Southern Oscillation consists of two main phases: El Nino (warm phase) and La Nina (cool phase), affecting global rainfall conditions and temperatures.

Number of reported natural disasters by Year and Disaster

Lockdown-induced household savings in China

Source: Absa AgriBusiness, 2023

The current El Nino poses a risk for summer rainfall.

The 2023/24 El Nino is expected to be strong and reach maturity around December 2023. Good soil moisture could provide a buffer to the adverse effects that this event could bring.

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