Blog: Extreme Weather
Record High Cocoa Prices: Impact of Climate on Global Market Trends
Cocoa prices hit a record $5,874 a ton due to dry weather in West Africa, worsened by El Niño. This impacts makers like Hershey and Mondelez, leading to price hikes for consumers.
Climate Change and Energy Costs Drive UK Food Prices Up, Study Finds
Extreme weather and rising energy costs have raised UK household food bills by £605since 2021, driven by a 60% surge in food costs. El Niño threatens 2024, worsening the crisis.
La Nina: The $1 Trillion Weather Menace
Amidst a surge in extreme weather events driven by La Nina and amplified by climate change, the world faces a $1 trillion weather disaster problem, straining the global economy and exacerbating inflationary pressures.
Crop-Destroying Floods Threaten Food Inflation in Australia
Dramatic floods in eastern Australia threaten crops, driving up food prices amidst inflation. La Nina's persistence compounds crop losses, demanding collaborative action to mitigate impacts on consumers and the economy.