Economist’s multi-billion dollar warning ahead of El Nino seasonFarmers are already thinning their herds and varying planting rotations as they brace for lower rainfall driven by a harsh El Nino period.3 min read

7NEWS

22 hours ago

Higher prices and lower economic growth lie in store as farmers prepare for drier conditions from a strengthening El Nino.Australia’s economy could suffer a hit of about $13.4 billion over the next ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2672435747"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2672435747\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2672435747?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-03 00:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2672435747","market":"us","top_or_hot":-1,"title":"Economist’s multi-billion dollar warning ahead of El Nino seasonFarmers are already thinning their herds and varying planting rotations as they brace for lower rainfall driven by a harsh El Nino period.3 min read","media":"7NEWS","content":"<div>\n<p>Higher prices and lower economic growth lie in store as farmers prepare for drier conditions from a strengthening El Nino.Australia’s economy could suffer a hit of about $13.4 billion over the next ...</p>\n\n<a href=\"https://7news.com.au/business/australia-faces-134-billion-economic-hit-as-el-nino-threatens-crops-and-food-prices-c-22964086\">Source Link</a>\n\n</div>\n","source":"7news_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Economist’s multi-billion dollar warning ahead of El Nino seasonFarmers are already thinning their herds and varying planting rotations as they brace for lower rainfall driven by a harsh El Nino period.3 min read</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEconomist’s multi-billion dollar warning ahead of El Nino seasonFarmers are already thinning their herds and varying planting rotations as they brace for lower rainfall driven by a harsh El Nino period.3 min read\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-03 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://7news.com.au/business/australia-faces-134-billion-economic-hit-as-el-nino-threatens-crops-and-food-prices-c-22964086><strong>7NEWS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Higher prices and lower economic growth lie in store as farmers prepare for drier conditions from a strengthening El Nino.Australia’s economy could suffer a hit of about $13.4 billion over the next ...</p>\n\n<a href=\"https://7news.com.au/business/australia-faces-134-billion-economic-hit-as-el-nino-threatens-crops-and-food-prices-c-22964086\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RJA","symbol_name":"农业指数ETF-ELEMENTS","start_time":0,"source_url":"https://7news.com.au/business/australia-faces-134-billion-economic-hit-as-el-nino-threatens-crops-and-food-prices-c-22964086","article_id":"2672435747","we_media_id":null,"thumbnails":[],"rights":{"source":"7news_stock","url":"https://7news.com.au/business/australia-faces-134-billion-economic-hit-as-el-nino-threatens-crops-and-food-prices-c-22964086","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672435747","pubTimestamp":1790956800,"columns":[],"sourceInfo":{"source_id":"7news_stock","name":"7NEWS"},"weMediaInfo":null,"summary":"Higher prices and lower economic growth lie in store as farmers prepare for drier conditions from a strengthening El Nino.Australia’s economy could suffer a hit of about $13.4 billion over the next tw","collect":0,"end_time":0,"defaultTopTitle":"7news.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"RJA":"农业指数ETF-ELEMENTS","PDBA":"INVESCO AGRICULTURE COMMODITY STRATEGY NO K-1 ETF","MOO":"农业指数ETF-Market Vectors","RJI":"商品指数ETF-ELEMENTS","CANE":"Teucrium Sugar Fund"},"translate_title":"《经济学人》在厄尔尼诺季节到来之前发出数十亿美元的警告 农民们已经在减少牲畜数量，并改变种植轮换，以应对严酷的厄尔尼诺季节导致的降雨量减少。3 分钟阅读","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PDBA":1.5,"RJI":1.5,"CANE":1.5,"RJA":1.5,"MOO":1.5},"content_text":"Higher prices and lower economic growth lie in store as farmers prepare for drier conditions from a strengthening El Nino.Australia’s economy could suffer a hit of about $13.4 billion over the next two years — leaving gross domestic product about 0.45 percentage points lower than it otherwise would be — according to Commonwealth Bank analysis.Alongside forecasts for elevated oil and fertiliser prices, rising interest rates and worker shortages, it’s another setback to the agricultural sector.Know the news with the 7NEWS app: Download today ArrowEast coast farmers had so far been spared the worst impacts of the strengthening El Nino, CBA agricultural economist Dennis Voznesenski said.The crucial winter cropping period started before the climate phenomenon set in, meaning most regions have not been exposed to particularly dry conditions, with the exception of northern NSW and Queensland.The Australian Bureau of Agricultural and Resource Economics and Sciences forecasts farmers would reap a 61 million tonne crop this harvest, which would place 2026 as the fourth-best season on record, Voznesenski said.But if the El Nino strengthened over the coming summer and into spring, as the Bureau of Meteorology had forecast, and moisture reserves dry up, the impact on the 2027 crop could be far more severe, he said.Farmers were reducing their planting area and changing their cropping mix to less water-intensive grains such as wheat and barley, in place of more lucrative crops such as canola and chickpeas, Rabobank senior grains analyst Vitor Pistoia said.“That limits their upside (income) potential because ... in a blue-sky scenario, usually chickpeas and canola deliver better financial results than wheat and barley,” he told AAP.“And by consequence, they are more reliant on the wheat market instead of having more diversified income streams.”Be the first to know: Add 7NEWS as your preferred news source on GoogleIt’s the same for beef and sheep farmers, who increase their exposure to wheat as they thin their herds.Drier conditions lead to more livestock sent to slaughter, pushing down livestock prices.But for consumers, meat prices — particularly beef — were likely to remain elevated because of record export demand from the US, Voznesenski said.Like many pastoralists across Australia, National Farmers Federation president Hamish McIntyre has been selling off older animals on his southwest Queensland-based operation and building up stores of livestock feed in preparation.As irrigation costs rose in drier times, production of water-intensive fruits and cotton crops also fell, alongside meat and grains, he said.“Which drives up the costs in our metropolitan areas, which is inflationary, which is a worry,” McIntyre said.Using the 2002-2003 Millennial drought as a guide, Voznesenski and CBA colleague Harry Ottley estimated a similar production shortfall in 2026-2027 would add 0.25 percentage points to inflation.Reserve Bank of Australia chief economist Sarah Hunter has previously voiced concerns El Nino could further hamper the central bank’s mission to get inflation — which was 4 per cent in August — back to 2.5 per cent.If the recent outbreak of H5 bird flu spread to commercial producers, egg prices could jump 60 per cent and poultry by 20 per cent, adding another 0.12 percentage points to inflation in the first year, they predicted.But that was only in the case of a severe scenario, and the base case forecast for both El Nino and bird flu were more modest.After two solid seasons, most east coast farmers had built up buffers to protect from a bad harvest, Pistoia said.And improvements in technology and agricultural science meant the sector was better prepared than previous El Ninos, such as the Millennial drought, McIntyre said.“As Australian farmers, we’re always hoping for the best, but preparing for the worst,” McIntyre said.OpenAI slammed after agent hacks another government agency2 min readYoung girl one of two fighting for life after car crashed into NRL fans3 min read","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}