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The Latest Breaking News from El Nino

Sugar Prices Rally on the Outlook for Smaller Sugar Production in India

March NY world sugar #11 (SBH24 ) this morning is up +0.55 (+2.43%), and May London ICE white sugar #5 (SWK24 ) is up +13.30 (+2.17%). Sugar prices this morning are moderately higher, with NY sugar posting a 1-week high. Additional concern about reduced sugar production in India is pushing...

Barchart · Feb 26, 2024

Sugar Prices Wane on Weakness in the Brazilian Real

March NY world sugar #11 (SBH24 ) this morning is down -0.16 (-0.70%), and May London ICE white sugar #5 (SWK24 ) is down -6.00 (-0.97%). Sugar prices this morning are posting moderate losses, with London sugar falling to a 1-1/2 month low. Weakness in the Brazilian real (^USDBRL )...

Barchart · Feb 23, 2024

Sugar Prices Finish Mixed on the Outlook for Bigger Domestic Supplies in India

March NY world sugar #11 (SBH24 ) on Thursday closed up +0.06 (+0.26%), and May London ICE white sugar #5 (SWK24 ) closed down -5.80 (-0.93%). Sugar prices on Thursday settled mixed, with London sugar posting a 5-week low. Sugar prices came under pressure Thursday after India's government said it...

Barchart · Feb 22, 2024

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Sugar Posts Modest Gains as Dollar Weakness Induces Short Covering

March NY world sugar #11 (SBH24 ) on Wednesday closed up +0.02 (+0.09%), and May London ICE white sugar #5 (SWK24 ) closed up +0.60 (+0.10%). Sugar prices on Wednesday recovered from 1-month lows and closed slightly higher as a weaker dollar prompted some short covering in sugar futures. Sugar...

Barchart · Feb 21, 2024

Sugar Prices Fall on Strong Sugar Production in Brazil

March NY world sugar #11 (SBH24 ) on Tuesday closed up -0.33 (-1.43%), and May London ICE white sugar #5 (SWK24 ) closed down -7.20 (-1.14%). Sugar prices on Tuesday dropped to 1-month lows and closed moderately lower. Sugar prices are under pressure from a significant increase in Brazil's sugar...

Barchart · Feb 20, 2024

Sugar Prices Rebound on Drier Weather Forecasts for Brazil

March NY world sugar #11 (SBH24 ) on Friday closed up +0.26 (+1.14%), and May London ICE white sugar #5 (SWK24 ) closed up +7.70 (+1.22%). Sugar prices on Friday recovered from 4-week lows and closed moderately higher. Short covering emerged in sugar futures Friday after weather forecasts reduced the...

Barchart · Feb 16, 2024

Colombia Declares Emergency Over Raging Forest Fires

Colombia has declared a state of emergency in two regions as dozens of forest fires burned wide swathes of the country and left the capital choking on smoke during record temperatures linked with the El Nino weather phenomenon.

International Business Times · Jan 25, 2024

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Warmer weather ahead as cold spell breaks

Discover the current cold temperatures across the US, but there's good news! Warmer air is on the way, with a mild winter expected due to an El Nino pattern.

No crystal ball for extreme weather events, boffins say

El Nino and other factors make extreme weather events more difficult to predict, say scholars following scrutiny in the wake of destructive floods and storms.

AAP · Jan 19, 2024

Sugar Prices Under Pressure from Ramped-Up Brazil Sugar Output

March NY world sugar #11 (SBH24 ) on Friday closed down -0.15 (-0.69%), and March London ICE white sugar #5 (SWH24 ) closed down -4.70 (-0.75%). Sugar prices on Friday closed lower on negative carryover from Thursday when Unica reported Brazil's Center-South sugar output jumped +35.6% y/y in the second...

Barchart · Jan 12, 2024

Marcos Cautious on El Nino and Geopolitical Risks

This article discusses how Philippines' Marcos offers a cautious economic outlook due to the potential impact of El Nino and geopolitical risks.

Sugar Prices Rebound as the Brazilian Real Strengthens

March NY world sugar #11 (SBH24 ) on Thursday closed up +0.35 (+1.63%), and March London ICE white sugar #5 (SWH24 ) closed up +9.80 (+1.60%). Sugar prices on Thursday recovered from early losses and closed higher as strength in the Brazilian real sparked short covering in sugar futures. On...

Barchart · Jan 11, 2024

Sugar Prices Follow Crude Prices Lower

March NY world sugar #11 (SBH24 ) closed down -0.29 (-1.34%) on Wednesday, and March London ICE white sugar #5 (SWH24) closed down -9.50 (-1.53%). Sugar prices on Wednesday posted moderate losses. Weakness in crude prices weighs on sugar as WTI crude oil (CLG24 ) fell more than -1% on...

Barchart · Jan 10, 2024

Sugar Prices Finish Mixed as Dollar Strength Spurs Long Liquidation

March NY world sugar #11 (SBH24 ) on Tuesday closed down -0.04 (-0.18%), and March London ICE white sugar #5 (SWH24 ) closed up +0.90 (+0.14%). Sugar prices on Tuesday settled mixed, with London sugar posting a 3-week high. Global sugar supply concerns have sparked fund buying and are supporting...

Barchart · Jan 9, 2024

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The National (Scotland) · Jan 9, 2024

Scientists confirm 2023 as hottest year on record due to climate change and El Nino

SCIENTISTS have confirmed 2023 as the the hottest year on record so far.

Barchart · Jan 8, 2024

Sugar Rallies as Global Sugar Supply Concerns Spark Fund Buying

March NY world sugar #11 (SBH24 ) on Monday closed up +0.63 (+2.98%), and March London ICE white sugar #5 (SWH24 ) closed up +14.60 (+2.40%). Sugar prices on Monday rallied sharply and posted 1-week highs. Global sugar supply concerns have sparked fund buying of sugar futures and are supporting...

The Canberra Times · Jan 8, 2024

Thunderstorms persist in ACT, so why is this El Nino summer so wet?

Thunderstorms forecast for Tuesday could be severe.

The Hindu · Jan 6, 2024

Scant snow at Gulmarg’s famous ski slopes herald an ominous sign of changing weather

Gulmarg, Kashmir's winter wonderland, faces snowless ski slopes due to global weather patterns and El Nino. Disappointing skiers from India and abroad.

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Barchart · Jan 4, 2024

Sugar Posts Moderate Gains on Global Supply Uncertainty

March NY world sugar #11 (SBH24 ) on Thursday closed up +0.23 (+1.10%), and March London ICE white sugar #5 (SWH24 ) closed up +6.30 (+1.05%). Sugar prices on Thursday closed moderately higher on positive carryover from Tuesday on signs of smaller sugar production in India after the National Federation...

Barchart · Jan 2, 2024

Sugar Posts Moderate Gains on Lower Sugar Production in India

March NY world sugar #11 (SBH24 ) on Tuesday closed up +0.32 (+1.55%), and March London ICE white sugar #5 (SWH24 ) closed up +8.80 (+1.48%). Sugar prices on Tuesday settled moderately higher on smaller sugar production in India after the National Federation of Cooperative Sugar Factories reported India's sugar...

Barchart · Dec 29, 2023

Coffee Prices Fall Sharply on Rain Forecasts for Brazil

March arabica coffee (KCH24 ) on Friday closed down -9.70 (-4.90%), and Mar ICE robusta coffee (RMH24 ) closed down -95 (-3.24%). Coffee prices Friday sold off sharply, with arabica falling to a 2-week low. Forecasts for rain every day next week in Brazil's coffee-growing regions have eased concerns about...

Barchart · Dec 29, 2023

Sugar Prices Sink as Funds Liquidate Long Positions

March NY world sugar #11 (SBH24 ) on Friday closed down -1.18 (-5.42%), and March London ICE white sugar #5 (SWH24 ) closed down -26.20 (-4.21%). Sugar prices on Friday fell sharply and gave up nearly all of Thursday's rally. Year-end position squaring and liquidation from funds pressured sugar prices....

Barchart · Dec 29, 2023

Coffee Prices Plunge on Forecasts for Rain in Brazil

March arabica coffee (KCH24 ) this morning is down -9.15 (-4.62%), and Mar ICE robusta coffee (RMH24 ) is down -79 (-2.69%). Coffee prices this morning are sharply lower, with arabica falling to a 2-week low. Forecasts for rain every day next week in Brazil's coffee-growing regions eases concerns about...

Barchart · Dec 28, 2023

Coffee Prices Close Higher on Global Crop Concerns

March arabica coffee (KCH24 ) on Thursday closed up +0.25 (+0.13%), and Mar ICE robusta coffee (RMH24 ) closed up +67 (+2.34%). Coffee prices Thursday settled moderately higher, with arabica climbing to a 1-week high. Concerns about dry conditions in Brazil boosted coffee prices, with forecasts for only scant showers...

Barchart · Dec 28, 2023

Sugar Finishes Sharply Higher on Fund Short Covering

March NY world sugar #11 (SBH24 ) on Thursday closed up +1.16 (+5.63%), and March London ICE white sugar #5 (SWH24 ) closed up +27.80 (+4.68%). Sugar prices Thursday rallied sharply and posted 1-1/2 week highs as year-end positioning by funds sparked short-covering in sugar futures. On Tuesday, NY sugar...

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