# El Niño damage to NIR hits P40.9M

> 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.

- Date: 2026-11-07 · published 2026-11-08T03:15:15.863Z
- Category: weather · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/86980-el-nino-damage-to-nir-hits-p40-9m
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Drought damage reduces local rice and corn availability, potentially increasing Philippine prices and import needs.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-04-26 | [El Niño crop damage climbs to P7.96 billion - BusinessWorld Online](https://feedsoft.ai/events/59514-el-nino-crop-damage-climbs-to-p7-96-billion-businessworld-online.md) | +2.5% | +13.7% |
| RICE | 2023-07-07 | [Malaysia forecasts peak of El Niño to hit in early 2024](https://feedsoft.ai/events/34966-malaysia-forecasts-peak-of-el-nino-to-hit-in-early-2024.md) | +1.4% | -13.7% |
| RICE | 2023-09-28 | [Risks to global food commodity prices from El Niño](https://feedsoft.ai/events/33997-risks-to-global-food-commodity-prices-from-el-nino.md) | -3.3% | -0.3% |
| RICE | 2023-07-11 | [Rice Soars to Two-Year High in Asia on El Niño Drought Risks - Bloomberg](https://feedsoft.ai/events/5208-rice-soars-to-two-year-high-in-asia-on-el-nino-drought-risks-bloomberg.md) | -19.6% | -16.6% |
| RICE | 2023-09-30 | [India's monsoon rains hit five-year low due to El Nino](https://feedsoft.ai/events/34001-india-s-monsoon-rains-hit-five-year-low-due-to-el-nino.md) | +0.8% | +1.9% |
| CORN | 2024-03-28 | [El Niño to La Niña](https://feedsoft.ai/events/31125-el-nino-to-la-nina.md) | -2.0% | -3.8% |
| CORN | 2019-04-26 | [El Niño crop damage climbs to P7.96 billion - BusinessWorld Online](https://feedsoft.ai/events/59514-el-nino-crop-damage-climbs-to-p7-96-billion-businessworld-online.md) | +0.6% | +5.3% |
| CORN | 2017-05-19 | [El Niño again? This is why it’s hard to tell. \| Climate Change](https://feedsoft.ai/events/70915-el-nino-again-this-is-why-it-s-hard-to-tell-climate-change.md) | +1.3% | +2.6% |

## Sources

- manilatimes.net: https://www.manilatimes.net/2026/11/08/regions/el-nio-damage-to-nir-hits-p409m/2464601

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