A ‘super’ El Niño could raise coffee prices and disrupt global markets

MarketWatch reports that a particularly strong El Niño could disrupt coffee, sugar and cocoa crops, adding to farmers’ high diesel and fertilizer costs. It cites a commodity adviser who says timely rain could improve coffee production, so the forecast alone is not enough to assume higher prices. Bloomberg reports that a growing number of money managers are preparing portfolios for the disruptions they expect from a potentially record-strong cycle.