# No need for El Nino panic, yet

> NIWA gives an 88% chance of non-traditional El Niño conditions developing from November to January, with above-average temperatures likely across most of the North Island. A Weather Watch forecaster questions how strong the El Niño will be, noting that sea temperatures off Australia and in the Tasman Sea are warmer than normal.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: weather · region Oceania · magnitude low
- Page: https://feedsoft.ai/events/61972-no-need-for-el-nino-panic-yet
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A stronger El Niño would mean drier conditions for New Zealand pasture and summer crops, which could tighten feed supply and lift the cost of imported feed. The forecast disagreement limits how much this affects prices.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-12-06 | [No sign of flush season this year, production of milk drops across Maharashtra \| Mumbai News - The Indian Express](https://feedsoft.ai/events/6375-no-sign-of-flush-season-this-year-production-of-milk-drops-across-maharashtra.md) | +0.3% | -12.4% |
| MILK | 2019-02-20 | [International prices for milk and dairy products](https://feedsoft.ai/events/9987-international-prices-for-milk-and-dairy-products.md) | -0.3% | +6.8% |
| MILK | 2026-08-04 | [Econ Roundup: Demand Supports Milk Prices, Feed Costs Rising - NMPF](https://feedsoft.ai/events/4737-econ-roundup-demand-supports-milk-prices-feed-costs-rising-nmpf.md) | +6.8% | +6.4% |
| MILK | 2024-06-27 | [With commodity prices boosted, what are the prospects for UK dairy?](https://feedsoft.ai/events/29758-with-commodity-prices-boosted-what-are-the-prospects-for-uk-dairy.md) | -1.7% | -0.2% |
| MILK | 2017-07-06 | [Food Prices Near 2-Year High Thanks to a Record Surge in Butter and Wheat - Bloomberg](https://feedsoft.ai/events/6181-food-prices-near-2-year-high-thanks-to-a-record-surge-in-butter-and-wheat.md) | -0.3% | +5.2% |

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/no-need-for-el-nino-panic-yet/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.