The Latest Breaking News from El Nino

Coffee Closes Moderately Lower on Brazil Harvest Pressures

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...

Barchart · Jul 5, 2023

Sugar Rallies on Drought Conditions in Thailand

Oct NY world sugar #11 (SBV23 ) on Wednesday closed +0.21 (+0.90%), and Aug London white sugar #5 (SWQ23 ) closed up +7.70 (+1.18%). Sugar prices Wednesday climbed to a 1-week high and closed moderately higher. Excessive dryness in Thailand, the world's third-largest sugar producer, may curb sugar production and...

Barchart · Jul 5, 2023

Cocoa Prices Fall Back as Dollar Strength Fuels Long Liquidation

Sep ICE NY cocoa (CCU23 ) on Wednesday closed -30 (-0.59%), and Sep ICE London cocoa #7 (CAU23 ) closed -2 (-0.08%). Cocoa prices Wednesday closed moderately lower as a stronger dollar sparked profit-taking and long liquidation in cocoa futures. On Monday, Sep NY cocoa prices posted a new contract...

Barchart · Jul 5, 2023

UN warns world to prepare for El Nino impact

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.

Bangkok Post · Jul 4, 2023

Coffee Prices Close Moderately Higher and Consolidate Recent Losses

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...

Barchart · Jul 3, 2023

Sugar Climbs on Signs of Robust Demand

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...

Barchart · Jul 3, 2023

Cocoa Prices Rally on West African Crop Concerns

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...

Barchart · Jul 3, 2023

Coffee Prices Consolidate Recent Losses

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...

Barchart · Jul 3, 2023

Bushfires warning as El Nino threat looms large

El Nino conditions will likely make 2024 the world's hottest year on record, leaving Australia in a precarious position in terms of bushfires.

AAP · Jul 3, 2023

Warm start to winter but showers forecast for next week

Showers are expected next week starting on Tuesday.

The Canberra Times · Jun 30, 2023