The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) declared on November 5 that a very strong El Niño was active in the tropical Pacific, predicted to peak at the end of 2026 and persist into the first half of 2027. The event is expected to bring prolonged dry spells, drought and water shortages until April 2027.
A strong El Niño raises drought risk for Southeast Asian and other key crop regions, which can tighten rice and other feed-relevant supplies and support prices. The article is a general explainer, so the price impact is indirect and not yet quantified.
After 180 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.
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.