#2015 Super El Nino to increase price of chocolate, coffee, sugar
Historically, El Niño brings increased rain to Northern Mexico and parts of Peru, Ecuador, Colombia and Southern Brazil, potentially boosting production in those areas. Increased warmth but volatile rainfall is generally seen in the large Eastern section of Brazil and in coffee-producing countries in Southeast Asia, including Myanmar, India, Thailand and Vietnam. Some of the most severe El Niño weather events occur in the South Pacific, where heat and drought affect Indonesia, Papua New Guinea and Southern Vietnam. With the notable exception of Brazil, nearly all of the countries mentioned above are expected to be in mid or late growing season when the 2015 El Niño effects set in like 1997/98.
[Blockierte Grafik: http://languagesoftheworld.inf…loads/2014/05/El_Nino.jpg]
El Niño may help solve California's drought problem, but it might not be such good news for coffee lovers. According to Bloomberg, the El Niño currently brewing in the Pacific Ocean may be the strongest one since the 1950s, and it has coffee companies like Starbucks worried because it could affect the flowering of coffee beans.
http://www.ctvnews.ca/sci-tech…te-coffee-sugar-1.2490801
Meteorologists say it looks like the biggest such event since the fierce El Nino of 1997-1998
[url='https://www.jganesconsulting.com/files/enso_preview.pdf']
The total world production of cocoa is reduced more than 5% in El Niño years
There is in fact plenty of established research detailing how El Niño affect global coffee price dynamics.
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