{"id":122873,"date":"2026-07-12T12:05:00","date_gmt":"2026-07-12T11:05:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=122873"},"modified":"2026-07-12T12:04:36","modified_gmt":"2026-07-12T11:04:36","slug":"el-nino-could-send-food-prices-soaring","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/el-nino-could-send-food-prices-soaring\/","title":{"rendered":"El Ni\u00f1o Could Send Food Prices Soaring until 2028 as Experts Warn of a Global Supply Shock"},"content":{"rendered":"\n

Scientists and financial institutions are monitoring conditions across the Pacific as warmer sea surface temperatures continue to develop. According to the US National Oceanic and Atmospheric Administration (NOAA<\/strong>), there is a 63% chance that sea surface temperatures will exceed 2C above normal later this year, increasing the likelihood of a very strong El Ni\u00f1o.<\/p>\n\n\n\n

The warnings come as households in many countries continue to face elevated living costs, while central banks remain alert to the risk that renewed inflation <\/strong>could delay reductions in interest rates.<\/p>\n\n\n\n

The weather pattern has historically disrupted agricultural production across multiple regions, with effects emerging gradually as planting, growing and harvesting cycles respond to changing rainfall and temperature conditions.<\/p>\n\n\n\n

El Ni\u00f1o Raises Concerns over Global Harvests and Food Inflation<\/strong><\/h2>\n\n\n\n

El Ni\u00f1o develops when changes in wind patterns allow warmer water to spread across the central and eastern equatorial Pacific, altering weather conditions around the world. According to NOAA<\/a>, warming conditions were confirmed last month, with an unusually high probability that the current event could develop into a very strong episode.<\/p>\n\n\n\n

Economists say this could affect harvests through drought, flooding and more severe weather. According to Goldman Sachs<\/strong>, the strength of the current El Ni\u00f1o could result in a 15.8% increase in global food commodity prices, with food prices across the eurozone rising by 1.3%.<\/p>\n\n\n\n

The bank said the full impact would not be immediate because weather-related disruptions affect different crops at different stages of production. Transport systems could also be affected by changing water levels in canals and rivers used for agricultural shipments. Goldman Sachs said the consequences may not be fully realised until the second half of 2028.<\/p>\n\n\n\n

The phenomenon has already begun to influence weather in some regions. According to Goldman Sachs, parts of India have experienced significantly weaker monsoon rainfall, with some areas receiving only a quarter of their usual precipitation and parts of central India receiving about half of normal levels, creating risks for wheat, rice and sugar cane production.<\/p>\n\n\n\n

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This is now reality.

El Ni\u00f1o is now likely to be stronger than anything we\u2019ve seen in recorded history, and probably stronger than anything in the last 50 million years.

Global temperatures are very likely to reach new, unprecedented levels in the next 1-2 years with far\u2026 pic.twitter.com\/XX7QyeuuTu<\/a><\/p>— Met4Cast – UK Weather (@Met4CastUK) July 10, 2026<\/a><\/blockquote>