The El Nino forming across the Pacific has been turbocharged by a series of tropical cyclones that helped to shift the direction of trade winds, potentially adding to warming that’s evoking parallels with the record 1997-98 event. Several cyclones, including a rare storm in the Southern Hemisphere this month, resulted in a strong reversal of trade winds near the equator, Australia’s Bureau of Meteorology said on its website on Tuesday. That’s set to increase temperatures below the surface, which then may raise sea-surface temperatures further in the coming months, it said in a fortnightly update.

El Ninos can affect weather worldwide by baking Asia, dumping rain across South America and bringing cooler summers to North America. This year’s pattern, the first since 2010, will probably bring warmer, drier weather to palm oil regions in Southeast Asia, Malayan Banking Banking Bhd. warned on Tuesday. Tropical commodities including palm oil are to be favored over other raw materials such as gold and copper this half as the El Nino raises risks, according to Oversea-Chinese Banking Corp. FULL REPORT