0_public:geography_and_regions:weather:el_nino
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El Nino
Traders started worrying about the next crop and the El Niño weather phenomenon, which tends to reduce cocoa yields in West Africa.
The ongoing El-Nino weather pattern is usually associated with good rains in South America but dry weather in Asia that could tighten supplies of the Robusta variety.
This also supports a narrowing of the Arabica-Robusta spread, which has dropped to an average of US¢36/lb in August compared to recent highs of around US¢100/lb in February.
In Latin America, particularly in countries like Brazil and Argentina, El Nino’s association with reduced rainfall during critical growing seasons contributed to lower yields for crops like corn, soybeans, and wheat.
0_public/geography_and_regions/weather/el_nino.1738008043.txt.gz · Last modified: 2025/01/27 20:00 by pointnm