Original article by Stephen Cauchi
The Australian Financial Review – Page: 29 : 18-Jun-15

An analysis of 13 previous El Nino events by Citigroup has concluded that the weather phenomenon that is expected in 2015 is unlikely to have much effect on the price of mineral commodities. However, the firm notes that El Nino could impact on agricultural commodities, and it concludes that wheat is the soft commodity that is most likely to be affected in Australia.

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CITIGROUP PTY LTD. AUSTRALIAN BUREAU OF AGRICULTURAL AND RESOURCE ECONOMICS AND SCIENCES