The Latest Breaking News from El Nino

Andhra Pradesh may see a warmer November due to El Nino effect, says IMD

Andhra Pradesh may see a warmer winter in November 2023 due to the prevailing conditions of El Nino, a forecast by the India Meteorological Department (IMD) has said. According to the IMD, most parts of the country are likely to experience more than normal maximum and minimum temperatures in November.

The Hindu · Nov 2, 2023

Sugar Closes Higher on the Outlook for Smaller Sugar Supplies from Thailand

March NY world sugar #11 (SBH24 ) on Wednesday closed +0.42 (+1.55%), and Dec London white sugar #5 (SWZ23 ) closed +16.40 (+2.24%). Sugar prices Wednesday closed moderately higher, with London sugar posting a 1-1/2 month high. Concern that Thailand might soon limit sugar exports is pushing prices higher. On...

Barchart · Nov 1, 2023

Sugar Prices Gain on Concern Thailand Might Soon Restrict Sugar Exports

March NY world sugar #11 (SBH24 ) on Tuesday closed +0.34 (+1.27%), and Dec London white sugar #5 (SWZ23 ) closed +7.60 (+1.05%). Sugar prices Tuesday posted moderate gains on concern Thailand might soon limit sugar exports. Thailand's deputy commerce minister said the country would categorize sugar as a controlled...

Barchart · Oct 31, 2023

Sugar Prices Supported by Outlook for Tight Global Sugar Supplies

March NY world sugar #11 (SBH24 ) on Wednesday closed +0.10 (+0.36%), and Dec London white sugar #5 (SWZ23 ) closed +1.10 (+0.15%). Sugar prices on Wednesday posted moderate gains, with NY sugar climbing a 12-year nearest-futures high and London sugar climbing to a 6-week high. The outlook for tighter...

Barchart · Oct 25, 2023

Coffee Prices Close Sharply Lower on Long Liquidation Pressure

Dec arabica coffee (KCZ23 ) on Wednesday closed down -5.85 (-3.48%), and Nov ICE robusta coffee (RMX23 ) closed down -73 (-2.80%). Coffee prices Wednesday fell sharply on long liquidation pressure after the sharp rally seen in the past two weeks. Coffee prices Wednesday gave up an early advance and...

Barchart · Oct 25, 2023

Coffee Prices Sink on Technical Selling

Dec arabica coffee (KCZ23 ) today is down -6.10 (-3.63%), and Nov ICE robusta coffee (RMX23 ) is down -74 (-2.84%). Coffee prices this morning are sharply lower on long liquidation pressure after the sharp rally seen in the past two weeks. Coffee prices today gave up an early advance...

Barchart · Oct 25, 2023

Sugar Prices Firm as the ISO Projects a Global Sugar Deficit

March NY world sugar #11 (SBH24 ) on Tuesday closed +0.05 (+0.18%), and Dec London white sugar #5 (SWZ23 ) closed +2.70 (+0.36%). Sugar prices on Tuesday closed moderately higher, with NY sugar posting a 12-year nearest-futures high. The outlook for tighter global sugar supplies is bullish for prices. On...

Barchart · Oct 24, 2023

Arabica Coffee Settles Higher on Brazilian Real Strength and Dwindling ICE Inventories

Dec arabica coffee (KCZ23 ) on Tuesday closed up +2.30 (+1.39%), and Nov ICE robusta coffee (RMX23 ) closed down -41 (-1.55%). Coffee prices Tuesday settled mixed, with arabica climbing to a 3-3/4 month high. Tuesday's rally in the Brazilian real (^USDBRL) to a 3-week high was bullish for arabica...

Barchart · Oct 24, 2023

A Stronger Brazilian Real Pushes Arabica Coffee Prices Higher

Dec arabica coffee (KCZ23 ) this morning is up +1.90 (+1.15%), and Nov ICE robusta coffee (RMX23 ) is down -41 (-1.55%). Coffee prices this morning are mixed, with arabica climbing a 3-3/4 month high. Today's rally in the Brazilian real (^USDBRL ) to a 3-week high against the dollar...

Barchart · Oct 24, 2023

Sugar Prices Rebound as ISO Projects a Global Sugar Deficit

March NY world sugar #11 (SBH24 ) on Monday closed +0.63 (+2.35%), and Dec London white sugar #5 (SWZ23 ) closed +16.30 (+2.24%). Sugar prices on Monday recovered from 1-week lows and rallied moderately after the International Sugar Organization (ISO) forecasted that 2023/24 global sugar production (Oct-Sep) will fall -1.2%...

Barchart · Oct 23, 2023