Affected by El Niño, extreme weather risks have increased in some production areas around the world, and supply expectations for some agricultural products have been disrupted as a result. The World Meteorological Organization recently predicted that this round of El Niño will be further strengthened in the coming months. Agency sources believe that weather disturbances may affect the supply of some agricultural products and spread to demand for agricultural materials and consumption of alternatives. However, there are differences in the impact of each production region and variety. Whether the market can continue, we still need to observe changes in production reduction expectations and actual supply and demand.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.