The Latest Breaking News from El Nino

Sugar Prices Rally on Weather Concerns in India

Oct NY world sugar #11 (SBV23 ) on Friday closed up +0.75 (+2.99%), and Oct London white sugar #5 (SWV23 ) closed up +12.80 (+1.79%). Sugar prices Friday moved higher as weather concerns in India, the world's second-largest sugar producer, threaten global sugar production. India's Jun-Aug monsoon rain was -10%...

Barchart · Sep 1, 2023

Coffee Prices Slip as Dollar Strength Sparks Long Liquidation

Dec arabica coffee (KCZ23 ) this morning is down -2.20 (-1.42%), and Nov ICE robusta coffee (RMX23 ) is down -5 (-0.20%). Coffee prices this morning are moving lower as a +0.5% rally in the dollar index sparks long liquidation in coffee futures. Losses are limited due to falling coffee...

Barchart · Sep 1, 2023

El Nino led to a dry August in TS

El Nino led to a dry August in Telangana

The Hindu · Sep 1, 2023

India sees lowest August rainfall in a century; September is likely to be ‘normal’: IMD

August rainfall in India was 36% less than usual, lowest in over a century. El Nino and unfavourable conditions in Arabian Sea and Bay of Bengal caused the deficit. Overall, national deficit is 10%, regional deficits 17% in east and northeast, 10% in central and 17% in south. September rainfall…

The Hindu · Aug 31, 2023

Coffee Closes Higher on Weather Concerns

Dec arabica coffee (KCZ23 ) on Wednesday closed up +2.25 (+1.47%), and Nov ICE robusta coffee (RMX23 ) closed up +47 (+1.92%). Coffee prices on Wednesday settled moderately higher, with robusta posting a 2-week high. Weather concerns in Brazil and Colombia boosted coffee prices Wednesday after Climatempo said high temperatures...

Barchart · Aug 30, 2023

Sugar Settles Mixed on Forecasts for Rain in India

Oct NY world sugar #11 (SBV23 ) on Wednesday closed down -0.11 (-0.43%), and Oct London white sugar #5 (SWV23 ) closed up +5.10 (+0.70%). Sugar prices Wednesday settled mixed, with London sugar climbing to a nearly 12-year nearest futures high. NY sugar Wednesday fell back from a 2-1/4 month...

Barchart · Aug 30, 2023

Weather Concerns Boost Coffee Prices

Dec arabica coffee (KCZ23 ) this morning is up +2.40 (+1.57%), and Nov ICE robusta coffee (RMX23 ) is up +46 (+1.88%). Coffee prices this morning are moderately higher, with robusta posting a 2-week high. Weather concerns in Brazil and Colombia are lifting coffee prices today after Climatempo said high...

Barchart · Aug 30, 2023

Coffee Posts Moderate Gains on a Weaker Dollar

Dec arabica coffee (KCZ23 ) on Tuesday closed up +0.35 (+0.23%), and Nov ICE robusta coffee (RMX23 ) closed up +12 (+0.49%). Coffee prices Tuesday closed moderately higher, with robusta posting a 2-week high. A weaker dollar Tuesday sparked some short covering in coffee futures. Also, robusta has support on...

Barchart · Aug 29, 2023

Sugar Prices Mixed as London Sugar Rallies After Being Closed Monday

Oct NY world sugar #11 (SBV23 ) on Tuesday closed down -0.12 (-0.47%), and Oct London white sugar #5 (SWV23 ) closed up +15.50 (+2.18%). Sugar prices Tuesday settled mixed, with London sugar climbing to a 4-month high. NY sugar Tuesday fell back from a 2-1/4 month high and posted...

Barchart · Aug 29, 2023

Coffee Prices Move Higher on Dollar Weakness

Dec arabica coffee (KCZ23 ) this morning is up +0.20 (+0.13%), and Nov ICE robusta coffee (RMX23 ) is up +8 (+0.22%). Coffee prices this morning are moderately higher, with robusta posting a 2-week high. A weaker dollar today has sparked short covering in coffee futures. Also, robusta has support...

Barchart · Aug 29, 2023