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The Latest Breaking News from El Nino

Coffee Posts Moderate Gains as Dollar Weakness Spurs Short Covering

March arabica coffee (KCH24 ) this morning is up +2.35 (+1.34%), and Jan ICE robusta coffee (RMF24 ) is up +27 (+1.05%). Coffee prices this morning are moderately higher as a weaker dollar spurred some short-covering in coffee futures. Coffee prices have been under pressure the last couple of sessions...

Barchart

Dozens Injured In Seychelles Blast At Explosives Depot

A huge blast at an explosives depot in Seychelles on Thursday injured 66 people and brought down buildings, prompting the country's "shocked" president to declare a state of emergency.

International Business Times

Sugar Prices Plummet as Supply Concerns Ease

March NY world sugar #11 (SBH24 ) on Wednesday closed -1.96 (-7.85%), and March London ICE white sugar #5 (SWH24 ) closed -47.90 (-6.93%) Sugar prices Wednesday plummeted to a 5-month low as an easing of sugar supply concerns has fueled fund selling of sugar futures. Sugar prices have sold...

Barchart

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Arabica Coffee Closes Sharply Lower as Supply Fears Recede

March arabica coffee (KCH24 ) on Wednesday closed down -8.50 (-4.63%), and Jan ICE robusta coffee (RMF24 ) closed down -21 (-0.81%). Coffee prices Wednesday retreated, with arabica coffee falling sharply as concerns about global coffee supplies recede. On Tuesday, the International Coffee Organization (ICO) projected 2023/24 global coffee production...

Barchart

Arabica Coffee Sinks as Supply Concerns Ease

March arabica coffee (KCH24 ) this morning is down -7.90 (-4.30%), and Jan ICE robusta coffee (RMF24 ) is down -18 (-0.70%). Coffee prices this morning are under pressure, with arabica coffee sharply lower as concerns about global coffee supplies ease. On Tuesday, the International Coffee Organization (ICO) projected 2023/24...

Barchart

It's extremely hot and I'm feeling weak and dizzy. Could I have heat stroke?

Australia is braced for a hot, dry summer. El Nino is back, and this year it will occur alongside an Indian Ocean dipole, a climate pattern which will further amplify this hot and dry effect.

The Conversation

Coffee Prices Close Higher on Global Coffee Production Concerns

March arabica coffee (KCH24) on Tuesday closed up +4.35 (+2.42%), and Jan ICE robusta coffee (RMF24) closed up +39 (+1.53%). Coffee prices Tuesday finished moderately higher. Concern that dry conditions in Brazil will lead to smaller coffee yields is supporting prices. Somar Meteorologia reported Monday that Brazil's Minas Gerais region...

Barchart

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Sugar Prices Tumble as Supply Concerns Ease

March NY world sugar #11 (SBH24 ) on Tuesday closed -0.85 (-3.29%), and March London ICE white sugar #5 (SWH24 ) closed -18.00 (-2.54%) Sugar prices Tuesday fell sharply but remained above Monday's significant lows. On Monday, NY sugar posted a 3-1/4 month low, and London sugar posted a 2-month...

Barchart

Coffee Prices Move Higher on Concern About Global Coffee Production

March arabica coffee (KCH24 ) this morning is up +3.80 (+2.12%), and Jan ICE robusta coffee (RMF24 ) is up +45 (+1.77%). Coffee prices this morning are moderately higher. Concern that dry conditions in Brazil will lead to smaller coffee yields is supporting prices today. Somar Meteorologia reported Monday that...

Barchart

Farmers plan for drier conditions by preparing soils

The majority of Australian farmers feel they are more prepared now to handle extreme weather than they have been for the past five years.

AAP

Sugar Prices Rally on Short-Covering After Recent Losses

March NY world sugar #11 (SBH24 ) on Monday closed +0.72 (+2.87%), and March London ICE white sugar #5 (SWH24 ) closed +12.70 (+1.82%) Sugar prices on Monday recovered from early losses and closed sharply higher on short-covering after recent losses. On Monday, NY sugar initially fell to a 3-1/4...

Barchart

Coffee Prices Fall as Supply Concerns Ease

March arabica coffee (KCH24 ) on Monday closed down -4.95 (-2.69%), and Jan ICE robusta coffee (RMF24 ) closed down -26 (-1.01%). Coffee prices Monday settled sharply lower on signs of bigger supplies. Brazil's Trade Ministry reported late last Friday that Brazil's Nov coffee exports (not roasted) rose +8.5% y/y...

Barchart

Coffee Prices Move Lower on an Increase in Supplies

March arabica coffee (KCH24 ) this morning is down -5.40 (-2.93%), and Jan ICE robusta coffee (RMF24 ) is down -29 (-1.13%). Coffee prices this morning are moderately lower on signs of bigger supplies. Brazil's Trade Ministry reported late last Friday that Brazil's Nov coffee exports (not roasted) rose +8.5%...

Barchart

Floods, landslides kill dozens in northern Tanzania

East Africa has been hit for weeks by torrential rain and flooding linked to the El Nino weather phenomenon.

Al Jazeera

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Barchart

Sugar Prices Under Pressure From a Bumper Brazil Sugar Harvest

March NY world sugar #11 (SBH24 ) on Friday closed -0.95 (-3.65%), and March London ICE white sugar #5 (SWH24 ) closed -20.30 (-2.83%) Sugar prices on Friday extended this week's sell-off, with NY sugar falling to a 3-month low and London sugar falling to a 2-month low. Increased sugar...

Barchart

Coffee Closes Moderately Lower as Honduras Coffee Exports Jump

March arabica coffee (KCH24 ) on Friday closed down -0.35 (-0.19%), and Jan ICE robusta coffee (RMF24 ) closed down -39 (-1.49%). Coffee prices Friday gave up an early advance and posted moderate losses on signs of larger coffee supplies after Honduras, Central America's biggest coffee-producing country, reported its Nov...

Barchart

Coffee Prices Fall Back as Honduras Coffee Exports Jump

March arabica coffee (KCH24 ) this morning is down -0.40 (-0.22%), and Jan ICE robusta coffee (RMF24 ) is down -29 (-1.11%). Coffee prices this morning gave up an early advance and turned lower on signs of larger coffee supplies after Honduras, Central America's biggest coffee-producing country, reported its Nov...

France 24

Drought in the Amazon: Brazil grapples with environmental disaster

Amazonas, the largest state in Brazil, is suffering the worst drought in its history after weeks without rain. The rivers have run dry as a result of climate change and the impact of the El Nino climate pattern. The local government has declared a state of emergency in all 62…

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Barchart

Sugar Prices Sink as Sugar Output in Brazil Surges

March NY world sugar #11 (SBH24 ) on Thursday closed -0.82 (-3.05%), and March London ICE white sugar #5 (SWH24 ) closed -17.60 (-2.40%) Sugar prices on Thursday sold off sharply and fell to 1-3/4 month lows. Increased sugar production in Brazil alleviated supply concerns and sparked fund selling of...

Barchart

Coffee Prices Soar Ahead of Friday's ICE Inventory Rule Change

March arabica coffee (KCH24 ) on Thursday closed up +12.00 (+6.95%), and Jan ICE robusta coffee (RMF24 ) closed up +88 (+3.49%). Coffee prices Thursday rallied sharply, with arabica posting a 5-1/2 month high. Coffee prices surged Thursday ahead of a new rule that begins Friday when the Intercontinental Exchange...

Barchart

Coffee Prices Surge Ahead of Friday's ICE Inventory Rule Change

March arabica coffee (KCH24 ) this morning is up +12.10 (+7.01%), and Jan ICE robusta coffee (RMF24 ) is up +92 (+3.65%). Coffee prices this morning are sharply higher, with arabica posting a 5-1/2 month high. Coffee prices surged today ahead of a new rule that begins Friday when the...

Barchart

Coffee Prices Settle Lower on Forecasts for Rain in Brazil

March arabica coffee (KCH24 ) on Wednesday closed down -0.40 (-0.23%), and Jan ICE robusta coffee (RMF24 ) closed down -16 (-0.63%). Coffee prices Wednesday closed moderately lower as forecasts for heavy and widespread rain in Brazil eased dryness concerns and weighed on coffee prices. On Wednesday, Climatempo said that...

Barchart

Sugar Prices Fall as Conab Raises its 2023/24 Brazil Sugar Production Estimate

March NY world sugar #11 (SBH24 ) on Wednesday closed -0.13 (-0.48%), and March London ICE white sugar #5 (SWH24 ) closed -3.50 (-0.47%) Sugar prices on Wednesday closed moderately lower, with NY sugar falling to a 4-week low. Increased sugar production in Brazil should alleviate supply concerns and is...

Barchart

Coffee Price Slip on Forecasts for Rain in Brazil

March arabica coffee (KCH24 ) this morning is down -0.55 (-0.32%), and Jan ICE robusta coffee (RMF24 ) is down -20 (-0.83%). Coffee prices this morning are moderately lower. Forecasts for heavy and widespread rain in Brazil is easing dryness concerns and weighing on coffee price. Climatempo said today that...

France 24

Sierra Leone clashes were failed coup attempt, government says

Sierra Leone is now treating Sunday's clashes that killed 21 people in the capital Freetown as a failed coup attempt. Thirteen military officers and one civilian are under arrest. Meanwhile, 11 miners have lost their lives in South Africa after an elevator carrying 86 workers plunged 200 metres at a…

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