Beverages experience the most dramatic price movements during El Niño occurrences, with costs surging by approximately 13 percent.

Global commodity prices face significant upward pressure as a strong El Niño weather pattern is expected to intensify in late 2026 and early 2027.

Historical data show that extreme weather shifts associated with El Niño episodes consistently drive up costs across major agricultural sectors, contrasting sharply with price trends during neutral climate periods.

Oils and meals similarly see sharp price escalation during El Niño phases, rising by nearly 11 per cent compared to a modest increase of under 2 per cent during neutral conditions.

Overall food prices experience a noticeable spike as well. During El Niño events, food prices rise by 6 per cent, whereas neutral periods see price growth limited to about 1 per cent. Raw materials mirror this trend, climbing 6 per cent during El Niño episodes versus roughly 2 per cent in neutral weather cycles.

Grains show a distinct dynamic between the two climate phases. While grain prices increase by 5 per cent during El Niño periods, they experience a price drop of over 1 per cent during neutral climate conditions.