The Latest Breaking News from El Nino

MUMBAI: Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.

Sep arabica coffee (KCN23 ) on Wednesday closed down -1.60 (-1.00%), and Sep ICE robusta coffee (RMN23 ) closed down -15 (-0.59%). Coffee prices Wednesday posted moderate losses. Ongoing dry weather in Brazil is accelerating the country's coffee harvest and is weighing on prices. Cooxupe, Brazil's coffee export cooperative, reported...

More extreme weather is forecast as Australians braces for warmer, drier conditions this summer after heavy rain and record floods.

Much of the country is experiencing below-average rainfall due to the El Niño phenomenon, and this is only likely to intensify in November and could even linger until early next year, according to the Thai Meteorological Department (TMD).

GENEVA: The United Nations on Tuesday warned the world to prepare for the effects of El Nino, saying the weather phenomenon that triggers higher global temperatures is set to persist throughout 2023.

Sep arabica coffee (KCN23 ) on Monday closed up +1.50 (+0.94%), and Sep ICE robusta coffee (RMN23 ) closed up +47 (+1.89%). Coffee prices Monday settled moderately higher as they consolidated last week's losses. Sep arabica coffee last Thursday posted a 5-month low, and Sep robusta fell to a new...

Oct NY world sugar #11 (SBV23 ) on Monday closed +0.53 (+2.33%), and Aug London white sugar #5 (SWQ23 ) closed up +9.90 (+1.56%). Sugar prices Monday posted moderate gains on signs of strength in demand. The delivery to settle the July NY sugar contract, which expired last Friday, totaled...

Sep ICE NY cocoa (CCU23 ) on Monday closed +46 (+1.37%), and Sep ICE London cocoa #7 (CAU23 ) closed up +47 (+1.80). Sep NY cocoa prices on Monday posted a new contract high and nearest-futures cocoa (CCN23) posted a 7-1/2 year high. Sep London cocoa Monday posted a contract...

Sep arabica coffee (KCN23) this morning is up +1.75 (+1.10%), and Sep ICE robusta coffee (RMN23) is up +50 (+2.01%). Coffee prices this morning are moderately higher as they consolidate last week's losses. Sep arabica coffee last Thursday posted a 5-month low, and Sep robusta fell to a new 1-month...