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The World Meteorological Organization forecasts the current El Niño, expected to peak around December, could be the strongest since records began in 1950. Niño 3.4 sea surface temperatures have reached record levels, and countries are rolling out drought-proofing plans.
A record El Niño threatens Pacific fisheries, Australian and Southeast Asian crops and palm oil output, tightening supplies of fishmeal and vegetable oils and supporting prices.
downtoearth.org.inDTE StaffNov 2, 2026Not enough comparable past events yet for a historical read.
After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
