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El Niño-related agricultural losses in the Philippines’ Negros Island Region reached 40.9 million pesos as of November 5, affecting 2,353 farmers and about 1,483 hectares. Reported losses include 1,366 metric tons of rice and 195.35 metric tons of corn, while drought risks are expected to persist into early 2027.
Drought damage reduces local rice and corn availability, potentially increasing Philippine prices and import needs.
manilatimes.netEugene Y. AdiongNov 7, 2026After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
