Agricultural commodity markets are being affected by El Nino, impacting cane harvests in Argentina and Ecuador, while NY and London track Ivory Coast supply.
1 report, 1 independent
Updated Jun 11
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What happened
Agricultural commodity markets are being affected by El Nino, impacting cane harvests in Argentina and Ecuador, while NY and London track Ivory Coast supply.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Kearney noted current El Nino conditions while Angus-cross steers were sold at market.Sub-event
- ICE tracks cocoa futures in London and New York while El Niño disrupts weather patterns in West Africa and Ecuador.Sub-event
El Nino impacts agricultural harvests in Ecuador and Argentina, affecting global commodity markets.1 source
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The entities involved
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Argentina
country in South America
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Ecuador
sovereign state in South America
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Ivory Coast
sovereign state in West Africa
Related events
- El Niño is expected to cause strong rainfall and flooding in Argentina, utilizing the Buenos Aires port complex for grain exports.
- Peru and Ecuador are currently experiencing the various climate impacts brought on by the El Niño phenomenon.
- El Niño contributes to unusual snowfall in the Andes region, disrupting logistics between Chile and Argentina.
- Global commodity markets are showing various import patterns, including soyoil from Argentina and Russia, and palm oil from Malaysia and Indonesia.
- El Niño drought affects forest productivity in Ecuador.