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At the XX International Foreign Trade Summit in Lima, Peru's trade minister and industry leaders discussed plans to protect exports and supply chains during El Niño. Senamhi puts the probability of an extraordinary coastal El Niño above 62%.
Officials warn the event is among the most intense in recent years.
Expected port disruptions and crop and fishing losses in Peru could tighten supplies of fishmeal and agricultural exports, adding to upward pressure on protein feed prices.
Not enough comparable past events yet for a historical read.
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.