Thursday, February 11, 2010

Blas: end of nino implies lower agric and higher energy prices

"...Meteorologists said the recurring phenomenon - caused by a rise in the water temperature in the tropical Pacific that affects weather patterns - hit its peak last month and showed signs of cooling down.

The effect could be to cut the costs of agricultural commodities as regular rain patterns returned and to raise the price of natural gas and oil because of the higher likelihood of an active hurricane season in the Gulf of Mexico, analysts said..."

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