There is a 60% chance of La Niña conditions emerging towards the end of this year, according to a new update from the World Meteorological Organisation (WMO) on Wednesday. La Niña refers to the large-scale cooling of the ocean surface temperatures in the central and eastern equatorial Pacific Ocean, coupled with changes in the tropical atmospheric circulation, such as winds, pressure and rainfall, according to WMO. Latest forecasts from WMO global producing centres of long-rage forecasts indicated a 55% likelihood of a transition from the current neutral conditions (neither El…