Little sign NZ Inc is focusing on '99% certain' El Nino summer

Wed, 28 Oct 2015

By Tina Morrison Oct. 28 (BusinessDesk) - New Zealand may be heading for a "super El Nino" weather pattern this summer, reminiscent of 1997/98 when drought parched the east of the country and sapped agricultural production, but there's little sign that risk has registered with farmers or financial markets yet. The National Institute of Water & Atmospheric Research expects to publish an update on El Nino in its Seasonal Climate Outlook next week. In its last outlook, published Oct. 1, NIWA said the current weather pattern was tracking clos...

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