Reuters, 29/01 15:34 CET
By Ed Stoddard
JOHANNESBURG (Reuters) – An El
Nino weather pattern which has triggered historic drought in South
Africa remains on track to keep conditions hot and dry for the rest of
the summer over most of the country including the maize belt, the
country’s weather service said on Friday.
South African maize prices have raced to record highs
because of the drought, which the central bank once again cited on
Thursday as a concern driving food prices and inflation when it raised
interest rates by 50 basis points.
“Most models are showing the continuation of a strong El
Nino episode towards the late-summer season with the expectation to
start gradually decaying during the autumn and early winter seasons,”
the service said in its monthly outlook, which gives rolling forecasts
for the following five months.
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Source: Euronews
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