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A World Bank report says over 70 percent of drought or flood disasters in Lao PDR since 1966 occurred in El Niño or La Niña years. The report recommends stronger national preparedness for ENSO-related events.
Lao agriculture is a small player in global feed grain trade, so the direct price effect is minimal. The report reinforces the expectation of ENSO-driven weather risk across Southeast Asia, which can affect regional rice and corn supply.
kpl.gov.laOct 22, 2018After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
