2023 Author: Bryan Walter | [email protected]. Last modified: 2023-05-21 22:24
El Niño proved to be the reason for the decline in sugar stocks. This was reported by analysts from the Green Pool Commodity Specialists to The Independent.
El Niño is a fluctuation in the temperature of the surface water layer in the equatorial Pacific Ocean, which has a noticeable effect on the climate. El Niño was last seen in the fall of 2015 and was named "Bruce Lee" and caused a significant drought and a spike in food prices.
Green Pool Commodity Specialists have made a forecast for 2016/2017 and concluded that global sugar consumption will exceed production by about 5 million tons. The main reason for this is the drought caused by El Niño in Thailand, India and China. During the 2015/2016 season, the deficit will remain at the level of 6, 65 million tons.
"The effects of the drought will be observed in 2016-2017, as it reduced the number of plantings, worsened the health of plants and the conditions for their growth," - said the representative of the organization.
The reason for the warming up of the ocean water and the emergence of El Niño itself is still not completely clear. During the El Niño manifestation, the water temperature rises by several degrees, and then atmospheric pressure drops in the eastern part of the Pacific Ocean. Clouds appear over it, trade winds subside, and air currents over the entire equatorial ocean zone change direction. As a consequence, El Niño affects the weather around the world.