Quantcast

Commodities





Commodity News

Commodity Prices : MCX, NCDEX, NMCE, Spot Rates

Commodity Trading Tips

For medium and high value investors
For brokers,sub brokers and high value investors
For those who trade in just one commodity
For those who trade in Mini Lots

Equity Trading Tips

Intraday Futures and Option calls
Specially filtered 4 to 7 calls per day
For those who trade in just one commodity

Commodity Outlook

Reports

Last Updated :May 23, 23:29 IST
2936     (0)
1256     (0)
3770     (0)
Get MCX/NCDEX/NMCE Futures Rates
Last Updated : 28 May 2010 at 17:25 IST
Follow us on and for updates

US under threat from La Nina, Atlantic hurricanes

 SHARE THIS STORY
0
0
WASHINGTON (Commodity Online) : National Oceanic and Atmospheric Administration (NOAA) of the US said the country faces one of its more active hurricane seasons on record.

In a statement, NOAA said the country is also under threat from La Nina like weather pattern, which often spells a crop-damaging heat wave.

The Atlantic hurricane season, which typically peaks in August, could produce up to 23 named storms and seven major hurricanes, compared with an average of two, said the statement.

That would put this season nor far behind 2005's, the most active so far, which witnessed 28 major storms, of which seven developing into major hurricanes, and caused an estimated $130bn of damages and costing more than 3,000 lives.

It also caused major damage to the citrus crop in Florida, America's biggest orange-producing state, which extended long term through the time needed to develop groves and the spread of diseases, such as citrus canker, fostered by the storms.

The NOAA also warned of a growing risk of La Nina, a weather pattern linked to Pacific conditions which often cause hot and dry weather in America's main crop growing regions, besides being an indicator of a greater hurricane risk.

"Conditions in the equatorial Pacific Ocean are becoming increasingly favourable for La Nina," the administration said.



NCDEX PEPPERMALABARGARBLEJUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
Post your comment  (0)
Connect:
Post to Twitter
Post to Facebook