PLADES reported that El Niño-related disruption in agriculture, fishing and mining had cost 162,900 jobs by the second quarter, a 3.9% decline. Labor representatives called for targeted subsidies to protect company payrolls and urged labor inspectors to prevent employers from using temporary work suspensions as disguised dismissals.
Reduced anchovy catches have curtailed primary manufacturing and fishing activity, potentially tightening fishmeal supply and supporting prices. The proposed payroll aid is intended to cushion employment losses rather than directly change commodity supply.
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.