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The Latest Breaking News from El Nino

India's monsoon to weaken over west, south in next fortnight

Below-average monsoon rainfall is expected across western and southern India. This forecast threatens newly planted cotton, soybean, and corn crops. Rainfall deficits are likely to widen due to a strengthening El Nino. Minimum and maximum temperatures are also expected to rise. Farmers face challenges as crops remain vulnerable to dry…

The Economic Times

Decades of farm gains, inventories strengthen food system against 'super' El Nino

Near-record food inventories, improved farming technology and stronger exporters such as Brazil and Russia are expected to cushion the global food system from the impact of a powerful El Nino. Despite drought risks across Asia and Australia, better seeds, irrigation, forecasting and agricultural tools could limit shortages and price spikes.

The Economic Times

India's power demand seen rising 6.5-7.5% this fiscal as hotter, drier weather boosts cooling needs: Crisil

India's power demand is estimated to rise 6.5-7.5 per cent year-on-year this fiscal to 1,825-1,835 billion units (BU), driven mainly by higher cooling requirements amid expectations of higher temperatures and lower rainfall due to El Nino conditions, according to a report by Crisil Intelligence.

The Economic Times

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Schools closed as Indonesia battles wildfires

SURABAYA (INDONESIA) — Dozens of Indonesian schools were shuttered for a second day Tuesday against the spreading haze of wildfires plaguing the archipelago at the start of a long and intense dry season worsened by El Nino.

Bangkok Post

Indonesia ramps up firefighting efforts as Bromo wildfire sparks new hotspots

Forestry ministry says dry weather and intensifying El Nino conditions heighten risk of further fires during peak dry season

The Independent UK

Western Europe lived through hottest June and July ever recorded

Climate change across Western Europe has brought a summer of heat, drought and wildfires to the region and put the combined average temperature from June through July at 21.62C – beating the 2022 record for the same period, the EU's global warming monitor said Monday.

France 24

Households in India, other Asia-Pacific regions highly vulnerable to El Nino-driven price shocks: S&P

Asia-Pacific economies face rising prices and weather shocks from El Nino. Reduced rainfall and climate disruption will affect agricultural output and food inflation. Countries are strengthening food reserves and water management to mitigate these impacts. India holds significant food grain buffers to manage potential food shocks. Proactive policies will limit…

The Economic Times

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Think this summer is hot? El Nino could push temperatures even higher

Record ocean heat, intensifying El Nino conditions and worsening extremes are raising the prospect that 2026 could become the hottest year ever measured.

Radio France Internationale

SBI sees broad-based credit growth, sticks to 14-15% FY27 loan growth guidance

State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is…

The Economic Times

This summer isn't breaking heat records - yet. Wait until El Nino kicks in, scientists say

With a formidable El Nino set to escalate global temperatures, the weather patterns we rely on are likely to be severely altered. Experts warn that 2026 may record the highest temperatures ever, overtaking 2024.

The Economic Times

Indian rice export prices near 10-month high amid El Nino fears and rising domestic paddy costs

Indian rice export prices remain near a ten-month high this week. Thai prices have reached a one-month peak, supported by buyer demand. Vietnam's rice exports are experiencing quiet trading activity due to weak demand. Bangladesh faces elevated rice prices after recent crop damage from flooding. Governments are developing climate-resilient rice…

The Economic Times

FMCG price hikes could rewrite India’s inflation story: Report

Consumer goods companies' planned price hikes could pressure inflation despite the RBI's outlook. Elara Capital expects the Reserve Bank of India to maintain interest rates through 2026. A potential rate hike is possible in early 2027 if inflation pressures intensify. The central bank may overlook El Nino-led food inflation unless…

The Economic Times

World faces fresh food price surge, FAO warns

Global food prices may rise by year-end and next year. Wars in Iran and Ukraine impact agricultural inputs and exports. Extreme weather events like El Nino are also reducing crop yields. This combination of factors will likely increase consumer food costs globally. Farmers face tight margins, affecting planting decisions for…

The Economic Times

Strong El Niño could push 49 million more people into acute hunger, UN agency says

A powerful El Nino may push nearly 49 million more people into food insecurity. This event carries an 81% chance of being very strong, impacting vulnerable regions. Central America and Southern Africa face the most severe increases in food insecurity. Global food markets are strong, but conflict and crop losses…

The Economic Times

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The Independent UK

This summer isn't breaking heat records -- yet. Wait until El Nino kicks in, scientists say

With parts of the globe aflame in wildfires, deadly heat waves parking over cities, record hot oceans and a strengthening super El Nino, it seems like we’re baking through the hottest year on record

The Economic Times

Nestle flags near-term consumption slowdown amid West Asia conflict, El Nino concerns

Nestle India anticipates slower consumption growth in the food and beverage sector soon. Geopolitical tensions and weather uncertainties are impacting consumer demand and raw material costs. The company remains confident in its long-term growth prospects despite these challenges. Nestle India reported strong profit and revenue growth for the June quarter.…

The Economic Times

India's record renewable generation in July cuts coal's share in power mix to 1-year low

India's coal power generation fell to its lowest point in a year during July. Renewable energy sources reached a record high, contributing twenty percent to the nation's power mix. Solar and wind output exceeded one hundred gigawatts for the first time in history. Hydropower generation declined due to lower rainfall…

France 24

Strong El Nino 'adding fuel to a planet already on fire', warns UN chief

UN Secretary-General António Guterres warned on Friday that a strengthening El Niño is intensifying an already worsening climate crisis, saying the weather phenomenon is "adding fuel to a planet already on fire" and could drive record-breaking global temperatures.

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The Independent UK

UN, scientists warn that strong El Nino will add fuel to 'a planet already on fire'

The United Nations warns that a strengthening El Nino is intensifying global weather extremes and is adding fuel to a planet that it says is already on fire

The Independent UK

El Niño brings white sharks and sea snakes to California

One bite from a yellow-bellied sea snake can lead to paralysis and death in just hours

The Economic Times

The ripple effect of El Nino runs from village fields to corporate boardrooms

A deficient monsoon warning flags many districts at risk across India. Reduced agricultural yields will increase food inflation and rural income pressures. Water scarcity and energy demand will intensify for businesses nationwide. Climate volatility impacts supply chains and operational risks for all sectors. Businesses must integrate climate intelligence for future…

The Economic Times

Brazil coffee sees early flowering, quality woes amid unusually high moisture

Brazil's coffee fields show early flowering, experts noted on Wednesday. Unusually high moisture levels are causing concerns about bean quality this year. Rains have disrupted the usual dry harvest period, delaying shipments and impacting prices. This erratic weather is associated with the El Nino phenomenon affecting the region. Experts anticipate…

The Independent UK

It may feel like the world is on fire this summer. But that’s not the case everywhere

More than three-quarters of the global emissions from the burning of plant material comes from Africa and Asia

The Economic Times

Fitch warns AI market correction emerging as major global credit risk

Ratings agency Fitch warns of significant AI-related market correction risks. Unprecedented AI spending and soaring tech valuations raise concerns about future returns. Geopolitical risks, including US-Iran conflict and El Nino, also pose credit threats. Global growth is expected to slow, with inflation impacted by energy prices. Highly indebted nations face…

The Economic Times

Barclays sees RBI holding rates in Aug policy as FCNR(B) inflows ease rupee concerns

In the forthcoming monetary policy meeting, the Reserve Bank of India is likely to maintain the current interest rates. The recent surge in foreign capital has mitigated fears surrounding the rupee's performance. However, sustained inflation levels pose a significant challenge for the bank's decisions. The current geopolitical landscape and the…

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