‘Overall positive news’: The end of El Nino to benefit Australian farmers

Torrential rain currently hitting the east coast of Australia has resulted in flood warnings being put in place for parts of Queensland and New South Wales. The Bureau of Meteorology has said the drier El Nino conditions have almost finished with the climate pattern now changing to neutral ENSO conditions. Rabobank Research ANZ General Manager Stefan Vogel joined Sky News Australia to discuss what the change in weather means for the nation’s farmers. “It’s overall positive news,” Mr Vogel told Sky News Business Reporter Edward Boyd. “That was already the good news when we had rains in November, we had rains in January, and now we’ve got more rain coming. “So I think good conditions in bringing back the confidence for them that there’s enough grass on the ground to feed the livestock throughout the season.”