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The Latest Breaking News from El Nino

Sugar Prices Slump on Improving Global Supplies

March NY world sugar #11 (SBH24 ) on Monday closed -0.89 (-3.81%), and March London ICE white sugar #5 (SWH24 ) closed -16.70 (-2.55%) Sugar prices Monday sold off to 5-1/2 month lows on improving global supplies. Last week, India's food ministry directed local sugar mills to stop using sugar...

Barchart

Coffee Prices Settle Sharply Higher on Dry Weather in Brazil

March arabica coffee (KCH24 ) on Monday closed up +6.95 (+3.92%), and Jan ICE robusta coffee (RMF24 ) closed up +84 (+3.27%). Coffee prices Monday rallied sharply, with robusta posting a 3-week high. Dry weather in Brazil risks damaging coffee crops and is bullish for prices. Somar Meteorologia reported Monday...

Barchart

Coffee Prices Surge on Dry Weather in Brazil

March arabica coffee (KCH24 ) today is up +6.60 (+3.73%), and Jan ICE robusta coffee (RMF24 ) is up +76 (+2.96%). Coffee prices this morning are sharply higher, with robusta posting a 3-week high. Dry weather in Brazil risks damaging coffee crops and is bullish for prices. Somar Meteorologia reported...

Barchart

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Coffee Prices Close Lower as ICO Reports Higher Global Coffee Exports

March arabica coffee (KCH24 ) on Friday closed down -0.35 (-0.29%), and Jan ICE robusta coffee (RMF24 ) closed down -20 (-0.77%). Coffee prices Friday posted moderate losses. An increase in world coffee supplies is bearish for prices after the International Coffee Organization (ICO) reported Friday that global Oct coffee...

Barchart

Sugar Prices Settle Higher on the Outlook for Reduced India Sugar Output

March NY world sugar #11 (SBH24 ) on Friday closed +0.33 (+1.43%), and March London ICE white sugar #5 (SWH24 ) closed +8.30 (+1.28%) Sugar prices Friday posted moderate gains after India's Food Secretary projected India's 2023/24 sugar cane output would fall -12 % y/y to 434.8 MMT. Sugar prices...

Barchart

Coffee Prices Slip as ICO Reports an Increase in Global Coffee Exports

March arabica coffee (KCH24 ) this morning is down -0.20 (-0.11%), and Jan ICE robusta coffee (RMF24 ) is down -15 (-0.58%). Coffee prices this morning are posting modest losses. An increase in world coffee supplies is bearish for prices after the International Coffee Organization (ICO) reported today that global...

Barchart

Sugar Prices Recover Early Losses on Dollar Weakness

March NY world sugar #11 (SBH24 ) on Thursday closed +0.03 (+0.13%), and March London ICE white sugar #5 (SWH24 ) closed +2.50 (+0.39%) Sugar prices Thursday recovered from early losses and closed slightly higher as a weaker dollar spurred short covering in sugar futures. Sugar prices Thursday initially extended...

Barchart

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Coffee Prices End Higher as Dollar Weakness Induces Short Covering

March arabica coffee (KCH24 ) on Thursday closed up +2.25 (+1.28%), and Jan ICE robusta coffee (RMF24 ) closed up +25 (+0.98%). Coffee prices Thursday settled moderately higher as a weaker dollar spurred some short-covering in coffee futures after Wednesday's sell-off to a 1-week low. Coffee prices have been under...

Barchart

'We Need Information' Plead Peru Farmers Battling Drought, Climate Change

A light rain barely moistens the soil in the drought-stricken region of Junin in central Peru.

International Business Times

Coffee Posts Moderate Gains as Dollar Weakness Spurs Short Covering

March arabica coffee (KCH24 ) this morning is up +2.35 (+1.34%), and Jan ICE robusta coffee (RMF24 ) is up +27 (+1.05%). Coffee prices this morning are moderately higher as a weaker dollar spurred some short-covering in coffee futures. Coffee prices have been under pressure the last couple of sessions...

Barchart

Dozens Injured In Seychelles Blast At Explosives Depot

A huge blast at an explosives depot in Seychelles on Thursday injured 66 people and brought down buildings, prompting the country's "shocked" president to declare a state of emergency.

International Business Times

Sugar Prices Plummet as Supply Concerns Ease

March NY world sugar #11 (SBH24 ) on Wednesday closed -1.96 (-7.85%), and March London ICE white sugar #5 (SWH24 ) closed -47.90 (-6.93%) Sugar prices Wednesday plummeted to a 5-month low as an easing of sugar supply concerns has fueled fund selling of sugar futures. Sugar prices have sold...

Barchart

Arabica Coffee Closes Sharply Lower as Supply Fears Recede

March arabica coffee (KCH24 ) on Wednesday closed down -8.50 (-4.63%), and Jan ICE robusta coffee (RMF24 ) closed down -21 (-0.81%). Coffee prices Wednesday retreated, with arabica coffee falling sharply as concerns about global coffee supplies recede. On Tuesday, the International Coffee Organization (ICO) projected 2023/24 global coffee production...

Barchart

Arabica Coffee Sinks as Supply Concerns Ease

March arabica coffee (KCH24 ) this morning is down -7.90 (-4.30%), and Jan ICE robusta coffee (RMF24 ) is down -18 (-0.70%). Coffee prices this morning are under pressure, with arabica coffee sharply lower as concerns about global coffee supplies ease. On Tuesday, the International Coffee Organization (ICO) projected 2023/24...

Barchart

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The Conversation

It's extremely hot and I'm feeling weak and dizzy. Could I have heat stroke?

Australia is braced for a hot, dry summer. El Nino is back, and this year it will occur alongside an Indian Ocean dipole, a climate pattern which will further amplify this hot and dry effect.

Barchart

Coffee Prices Close Higher on Global Coffee Production Concerns

March arabica coffee (KCH24) on Tuesday closed up +4.35 (+2.42%), and Jan ICE robusta coffee (RMF24) closed up +39 (+1.53%). Coffee prices Tuesday finished moderately higher. Concern that dry conditions in Brazil will lead to smaller coffee yields is supporting prices. Somar Meteorologia reported Monday that Brazil's Minas Gerais region...

Barchart

Sugar Prices Tumble as Supply Concerns Ease

March NY world sugar #11 (SBH24 ) on Tuesday closed -0.85 (-3.29%), and March London ICE white sugar #5 (SWH24 ) closed -18.00 (-2.54%) Sugar prices Tuesday fell sharply but remained above Monday's significant lows. On Monday, NY sugar posted a 3-1/4 month low, and London sugar posted a 2-month...

Barchart

Coffee Prices Move Higher on Concern About Global Coffee Production

March arabica coffee (KCH24 ) this morning is up +3.80 (+2.12%), and Jan ICE robusta coffee (RMF24 ) is up +45 (+1.77%). Coffee prices this morning are moderately higher. Concern that dry conditions in Brazil will lead to smaller coffee yields is supporting prices today. Somar Meteorologia reported Monday that...

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AAP

Farmers plan for drier conditions by preparing soils

The majority of Australian farmers feel they are more prepared now to handle extreme weather than they have been for the past five years.

Barchart

Sugar Prices Rally on Short-Covering After Recent Losses

March NY world sugar #11 (SBH24 ) on Monday closed +0.72 (+2.87%), and March London ICE white sugar #5 (SWH24 ) closed +12.70 (+1.82%) Sugar prices on Monday recovered from early losses and closed sharply higher on short-covering after recent losses. On Monday, NY sugar initially fell to a 3-1/4...

Barchart

Coffee Prices Fall as Supply Concerns Ease

March arabica coffee (KCH24 ) on Monday closed down -4.95 (-2.69%), and Jan ICE robusta coffee (RMF24 ) closed down -26 (-1.01%). Coffee prices Monday settled sharply lower on signs of bigger supplies. Brazil's Trade Ministry reported late last Friday that Brazil's Nov coffee exports (not roasted) rose +8.5% y/y...

Barchart

Coffee Prices Move Lower on an Increase in Supplies

March arabica coffee (KCH24 ) this morning is down -5.40 (-2.93%), and Jan ICE robusta coffee (RMF24 ) is down -29 (-1.13%). Coffee prices this morning are moderately lower on signs of bigger supplies. Brazil's Trade Ministry reported late last Friday that Brazil's Nov coffee exports (not roasted) rose +8.5%...

Al Jazeera

Floods, landslides kill dozens in northern Tanzania

East Africa has been hit for weeks by torrential rain and flooding linked to the El Nino weather phenomenon.

Barchart

Sugar Prices Under Pressure From a Bumper Brazil Sugar Harvest

March NY world sugar #11 (SBH24 ) on Friday closed -0.95 (-3.65%), and March London ICE white sugar #5 (SWH24 ) closed -20.30 (-2.83%) Sugar prices on Friday extended this week's sell-off, with NY sugar falling to a 3-month low and London sugar falling to a 2-month low. Increased sugar...

Barchart

Coffee Closes Moderately Lower as Honduras Coffee Exports Jump

March arabica coffee (KCH24 ) on Friday closed down -0.35 (-0.19%), and Jan ICE robusta coffee (RMF24 ) closed down -39 (-1.49%). Coffee prices Friday gave up an early advance and posted moderate losses on signs of larger coffee supplies after Honduras, Central America's biggest coffee-producing country, reported its Nov...

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