2026–2027 El Niño food price crisis
The developments in this story so far, most recent first.
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Development
Financial Times’tan El Nino uyarısı: Bu dört gıdanın fiyatları uçacak
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· date approximate Background
The 2023–24 El Niño event caused a 13% drop in global cocoa production and a 122% increase in average seasonal prices.
During the 2023–24 El Niño period, global cocoa production fell by 13%. This reduction in supply coincided with a 122% increase in average seasonal prices.
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· date approximate Background
Global cocoa production fell by 6% during the 2015–16 El Niño event.
During the 2015–16 El Niño event, global cocoa production experienced a 6% decline, according to data reported by the Financial Times.
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· date approximate Background
Past strong El Niño events increased global food commodity prices by an average of 9%, according to European Central Bank calculations.
According to calculations by the European Central Bank, past occurrences of strong El Niño weather events have led to an average increase of 9% in global food commodity prices.
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· date approximate Background
Global cocoa production fell by 9% during the 1991–92 El Niño event.
During the 1991–92 El Niño event, global cocoa production experienced a 9% decline, according to data reported by the Financial Times.
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· date approximate Background
During the strong 1982–83 El Niño, global cocoa production fell by 12%.
During the strong El Niño weather event of 1982-83, global cocoa production decreased by 12%, according to reports from the Financial Times.