Aug 25, 2026 (The Australian Financial Review - ABIX via COMTEX) --
The current El Nino weather event in the Pacific Ocean began in June and is expected to last well into 2027; it is likely to put upward pressure on food prices, and therefore Australia's inflation rate. There are fears that it could become a ' Super El Nino', and Citi commodity strategist Arkady Gevorkyan says this is the firm's highest-conviction agricultural risk. Citi notes that Australian crops such as wheat, barley, and canola are most at risk from an El Nino event. On the other hand, Morgan Stanley says the metals market could be boosted if copper production in Chile and Zambia is impacted by El Nino..
Publication Date: 26 August 2026
CITIGROUP PTY LTD
MORGAN STANLEY AUSTRALIA LIMITED
COMTEX_491438577/2229/2026-08-25T19:49:26
By Gus McCubbing
Copyright 2026 Roy Morgan Research. All Rights Reserved.
