Barclays analysts warn: The strongest El Niño on record is approaching, with palm oil, rubber, coffee, and other commodities potentially rising 30%-40% within 18 months.
Craig Rye, a sustainable investment research analyst at Barclays, stated in his latest report that the tropical Pacific El Niño index could peak near 3.2 degrees Celsius by late 2026 to early 2027, approximately 15% stronger than the super El Niño of 2015-16. This would significantly impact global agricultural, energy, and industrial commodity markets. Rye anticipates that palm oil, coconut oil, and rubber prices could rise by 30% to 40% in the next 18 months, Robusta coffee by 20% to 30%, and rice prices by 10% to 20%. Furthermore, aluminum and copper could see increases of up to 20%, while thermal coal might surge by 20% to 40%.
Source:华尔街见闻 · Source Link
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