El Nino Impacts Crops in El Salvador; Drought Affects Colombian Output
What happened
El Nino has impacted maize and bean crops in El Salvador and Honduras. The climate phenomenon is also causing drought conditions in Colombia, which is affecting agricultural output. Analysts at Goldman Sachs Group are warning of broader implications for global food prices.
From businesstimes.com.sg
Why it matters
The climate phenomenon is prompting asset managers, such as T Rowe, to adjust their investment strategies to protect emerging-market portfolios from El Nino fallout. The crop failures and drought raise concerns about global food price volatility.
From businesstimes.com.sg
Who's involved
- El SalvadorSovereign state experiencing crop failure due to El Nino
- ColombiaCountry experiencing drought affecting agricultural output
- El NinoClimate phenomenon causing global weather pattern changes
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- El SalvadorSpeculative
El Salvador might face reduced revenue from crops due to El Nino impacting maize and bean yields.
- ColombiaSpeculative
Colombia might see changes in inflation due to drought affecting agricultural output.
- BogotaSpeculative
Bogota might require central bank policy adjustments in response to drought-driven inflation.
Keep exploring
The entities involved
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El Salvador
sovereign state in Central America
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Bogota
Wikimedia disambiguation page
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Related events
- El Nino causes severe drought in El Salvador, while weather patterns prompt emergency declarations in California.
- El Niño is causing widespread climate impacts across South America, leading to emergencies in Peru, El Salvador, and facing severe impacts in Colombia and Ecuador.
- La Niña is the cooler counterpart to El Niño, which is projected to cause drought in El Salvador, while IRC delivers aid in Somalia due to floods.