February
was Singapore's driest month since 1869
February
was Singapore's driestquick to upload dramatic pictures of it to the
internet.
BBC
,
5
March, 2014
During
the month, there were only seven days of short showers, with some
areas receiving as little as 0.2mm of rain.
Drought
has hit the wider region in recent weeks, threatening to raise food
prices and slow economic activity.
Officials
in Kuala Lumpur, Malaysia's capital, started rationing water in
February and forest fires have broken out in Indonesia's Riau
province.
While
Singapore relies on Malaysia for about 60% of its water imports,
experts say that the country's recent efforts in desalination and
recycled water technology have made it much less reliant on
neighbouring countries.
Singapore's
Minister for the Environment and Water Resources, Vivian
Balakrishnan, has said that new technologies could provide about 55%
of the country's demand for water regardless of rainfall.
Nonetheless,
Singapore's public water agency has started a campaign to urge
residents to conserve water, as the dry weather is expected to
persist into March.
Palm
oil hit?
Nearby
Malaysia and Indonesia could be harder hit, however, by continued dry
temperatures.
Malaysia
and Indonesia account for 86% of the world's palm oil output - one of
the most-used edible oils globally - and economists in the region
warn that output could be hard hit by the dry weather.
Investor
anxiety has caused the price of palm oil futures to surge in recent
days, reaching a 17-month high.
Malaysia's
International Trade Minister, Mustapa Mohamed, has also warned in
recent weeks that the drought could slow overall growth in the region
if it persists.
But
he insisted the region was still on track for 5% economic growth this
year, as agriculture is only a small portion of the Malaysian
economy.
Wai
Ho Leong, a senior economist at Barclays, told the BBC the impact of
the drought had not affected food prices so far.
However,
he added: "If the drought persists for some time and intensifies
[it] could increase the number of forest fires in the vicinity and
worsen the air quality to the point that economic activity is
curtailed.

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