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About Commodity Insights
16 Jul 2024 | 11:45 UTC
By Euan Sadden
The likely return of the La Nina climate phenomenon, and the associated shift in global weather patterns and temperature extremes, will bring a new wave of disruption and volatility to key global commodity markets.
La Nina, which occurs irregularly with varying frequency and duration, refers to the large-scale cooling of surface temperatures in the central and eastern equatorial Pacific Ocean and associated changes in atmospheric circulation.
These adjustments, which typically last from several months to a year, trigger dramatic changes in global wind, pressure, temperature and precipitation patterns that can have a devastating impact on global commodity markets.
The infographic below helps to understand the potential impact of La Nina on key commodities.
Click here for the full-size infographic
Further reading: Commodities markets brace for La Nina weather impacts