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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