A new El Niño event, forecast to have a 62-63% chance of becoming 'very strong', coupled with a fertilizer supply shock from the West Asia conflict, threatens to push food inflation higher globally and in India. While bumper harvests have kept prices stable so far, the upcoming Rabi season is vulnerable to climatic and input cost pressures.
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- ›El Niño Probability: 62-63% chance of 'very strong' event (Oct-Jan 2026)
- ›Current SST Deviation: 0.7°C above average (Weak El Niño)
- ›Target this Data: 62-63% probability of a 'very strong' El Niño (Oct-Jan 2026).
- ›Target this Nodal Body: US National Oceanic and Atmospheric Administration (NOAA) for El Niño declaration.
- ›Target this Data: FAO Food Price Index reading of 130.8 points in May 2026.
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