Press release… Samsun Ondokuz Mayıs University (OMU) Faculty of Agriculture Professor Dr. Yusuf Demir stated that there is a high possibility of not getting enough rainfall in the winter months. Dr. Yusuf Demir “We should take precautions against this situation. As the ‘El Nino’ weather event, which causes an increase …
Read More »Global rice market stable but remains vulnerable to dry weather risk!
Global rice supplies have steadied following last year’s surge, but the market still faces exposure to potential dry weather risks induced by El Nino, according to a senior executive at commodity trader Louis Dreyfus Co. Rice prices in key Asian export hubs have eased in recent weeks after climbing last year …
Read More »Skyrocketing cocoa prices feared to trigger chocolate shortages worldwide!
‘It’s upsetting considering we haven’t witnessed such a significant decrease in cocoa output in recent years,’ president of Ghana cocoa buyers group tells Anadolu… ACCRA, Ghana… Chocolate lovers around the world may have to brace themselves for a sweet treat shortage as cocoa prices reach unprecedented heights, with economists projecting …
Read More »Agricultural commodity markets remain mixed in first weeks of 2024…
ISTANBUL… Commodity markets are struggling to find direction in the third week of the new year, as dovish pricing, particularly regarding central banks, continues to lose strength, and after having selling pressure in the first two weeks, the markets took a mixed course last week. Cocoa Increasing demand for the …
Read More »Dry weather, export curbs to strain global 2024 staple food supplies!
Rising food costs in the past years have led farmers across the globe to increase the cultivation of grains and oilseeds. However, consumers are expected to encounter limited supplies through 2024 due to challenging El Nino weather conditions, export limitations and elevated biofuel requirements. Global wheat, corn and soybean prices …
Read More »TURKIYE TO DRIFT INTO PERMANENT DROUGHT ON A LARGE SCALE!
While the increase in the use of fossil fuels such as coal, oil and natural gas, which cause climate change, causes an increase in global average temperatures, this situation brings extreme weather events, flood disasters and drought. With the addition of the El Nino effect to the global warming factor …
Read More »FROM RICE TO PALM OIL; EL NINO THREATENS ASIA’S CROP YIELDS!
In Asia, grain and oilseed crops have suffered due to an uncommonly dry August as El Nino grew stronger, and predictions for less rain in September further threaten to hinder supplies. While wheat output forecasts are being revised lower due to dry weather in Australia, the world’s second-largest exporter, record-low monsoon rains …
Read More »EL NINO THREATENS FOOD SECURITY!
The El Nino weather phenomenon is just warming up, potentially paving the way for higher temperatures and extreme weather events in a year that has already seen plenty of both. The first El Nino in years began last month, according to the World Meteorological Organization. The naturally occurring warming of temperatures in the Pacific …
Read More »EL NINO; WHAT IT MEANS TO AGRICULTURE
From providing food to sustaining smallholder communities, agriculture is a fundamental core of our society – one that the modern world cannot live without. Even so, this critical industry can be highly unpredictable as it relies on various factors that significantly impact its outcome, including the most influential: climate. Climate …
Read More »NASA; JULY LIKELY TO BE WARMEST MONTH ON RECORD!
July 2023 will probably be the world’s hottest month in “hundreds, if not thousands, of years,” top NASA climatologist Gavin Schmidt said Thursday (20 July). This month has already seen daily records shattered according to tools run by the European Union and the University of Maine, which combine ground and …
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