Super El Niño Shocks Coffee Market

Recently, the topic of a 'super El Niño' has topped trending searches. A report from the UN Food and Agriculture Organization shows that the FAO food price index rose to its highest level in nearly four years in September. Experts point out that tropical cash crops are the hardest hit by climate shocks, with cocoa, Robusta coffee, palm oil, and sugar listed in order of likelihood of impact. As most tropical cash crops are perennial trees with weak resistance to short-term climate disturbances, rising prices will gradually transmit pressure downstream to the food and oil-processing industries.