Asia‘s El Niño playbook: Eight lessons from 25 years of shocks: Why oil prices, irrigation and policy can sometimes matter more than rainfall.

Research evidence excerpt

Asia‘s El Niño playbook: Eight lessons from 25 years of shocks: Why oil prices, irrigation and policy can sometimes matter more than rainfall.

Global Markets Research

10 July 2026Asia Economic Monthly

Economics - ASEAN/Asia Pacific/Asia ex-Japan

Research AnalystsAsia's El Niño playbook: Eight lessons from 25

Asia Economicsyears of shocks

Sonal Varma - NSL

Why oil prices, irrigation and policy can sometimes matter more than rainfall. sonal.varma@nomura.com

+65 6433 6527

Ting Lu - NIHK

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