Mr Poonpong says the El Niño phenomenon is expected to result in reduced production of key farm crops in the 2023/24 season including rice, maize for animal feed, oil palm, and sugar cane.
The El Niño weather phenomenon is not only affecting crop production and prices, but also the mining and livestock industries.
Drought is expected to result in higher consumer goods prices, energy prices, and inflation, while raising international shipping costs, according to the…
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