18 Hrs
Source:
الاقتصادية
El Niño risks global commodities
The article discusses the phenomenon of "El Niño" and its anticipated impact on global agricultural commodity production due to rising temperatures, droughts, and heavy rainfall associated with it. It indicates that the phenomenon could lead to sharp fluctuations in the prices of products such as coffee and cocoa, with forecasts of price increases of up to 63% for cocoa and 30% for coffee since June. Additionally, institutions expect that the phenomenon will increase the risks of food shortages by reducing the production of rice and soybeans, with the potential to threaten over 49 million more people with food insecurity by 2027. Studies confirm that "El Niño" could be among the strongest since 1950, with long-term climate effects, and it is expected to result in export restrictions and significant disruptions in food markets.
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