▲ 943 r/collapse

‘Super’ El Niño could cause global food price shock lasting into 2028, analysts say | Global economy

The money men are getting worried excited about El Niño induced price shocks-

>“El Niño puts ‘climateflation’ back on the agenda,” analysts at the Italian bank UniCredit wrote in a research note. “Europe’s recent heatwaves are a reminder that the climate baseline is already shifting. El Niño could add a new layer of pressure later this year, as it amplifies the effects of global warming.”

>According to analysts at Goldman Sachs, the strength of this El Niño could cause a 15.8% surge in global food commodity prices. That would have a knock-on effect worldwide, including for consumers in Europe, where it predicted food prices could rise by 1.3% across the eurozone.

>“Price shocks could reach 10% to 50% across core commodities, while the most exposed crops – including rice, palm oil, sugar and coffee – could rise by 50% to 100% or more,” the bank said. “The food system enters the second half of 2026 with buffers, but with little margin for error.”

theguardian.com
u/Awkward_Mastodon4332 — 1 month ago
▲ 41 r/IrishHistory+1 crossposts

Help identifying uniform

Can any history buffs help me identify the uniform my 3x great grandfather is wearing? He was from Wexford direction.

u/Awkward_Mastodon4332 — 2 months ago