Existing El Nino to further strengthen from late 2023 to early 2024

sxcoal.com General,  Production & Sales,  International 2023-06-09 16:00:08

El Nino conditions are already present and may gradually strengthen from 2023 to early 2024, according to a report released by the US's Climate Prediction Center (CPC) on Thursday (June 8) local time.


In its monthly report, the CPC predicted a 56% likelihood of a strong El Nino occurring from November 2023 to January 2024, with an 84% chance of surpassing moderate strength.


El Nino affects ocean currents and airflows around the equatorial Pacific Ocean, leading to weather changes in various regions. Areas that are normally dry may experience flooding, which would displace many people; while some rainy areas may experience drought, which may force some farmers to bail out and others plough money into irrigation technology.


Early signs of El Nino have already threatened food producers across Asia, with farmers in India and other countries preparing for the potential impact on crops.


India's summer crops depend largely on monsoon rains, but rainfall in northwestern India is expected to be below normal levels despite the offset of El Nino's effects by Indian Ocean Dipole to some extent.


In Southeast Asia, palm oil and rice production in Indonesia, Malaysia, and Thailand are threatened by El Nino as well. Indonesia and Malaysia supply 80% of the global palm oil.


The Australian government's forecasting authority has also warned that rainfall in large areas of the country may decline due to El Nino, resulting in a significant decrease in winter crops.


It is predicted that Australian wheat production may drop 34% from the record high to 26.2 million tonnes, slightly below the 10-year average level; barley production will fall by 30% to 9.9 million tonnes, about 11% lower than the 10-year average and rapeseed production could drop by 41% to 4.9 million tonnes, 15% higher than the 10-year average.


Although it is premature to compare this El Nino with the extreme 2015-2016 El Nino, both are very similar in terms of intensity and the speed of rising water temperatures, said Chris Hyde, a meteorologist at Maxar, a leading space technology and intelligence company.


(Writing by Riley Liang  Editing by Alex Guo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 Indonesia thermal coal prices continue to rise on supply concerns 2023-09-28

Indonesian thermal coal prices moved higher amid steady demand from China and India on concerns of supply shortage in the near term. Most Chinese traders expected the prices to have a higher chance to

2 China's portside thermal coal prices stable ahead of holiday 2023-09-28

China's portside thermal coal prices were generally steady on the last trading day ahead of the Golden Week, due to the early exit of many traders. However, most traders were optimistic on post-holida

3 Monthly: China Sep PCI coal market strong but cools down near mth end 2023-09-28

China's PCI coal prices were supported as a whole in September due to raw coal supply constraints and steel mills' and traders' active buying.During the month,? raw coal output was tightened due to st

4 China's coke, coking coal markets expected to soften after holidays 2023-09-28

Market participants have voiced their concerns about coking coal and coke markets after the Mid-autumn and National Day holidays, with some cokemakers opting not to build feed coal stocks to high leve

5 Qinghai Jan-Aug power generation down 1.7% YoY, consumption up 10% 2023-09-28

Northwestern China's Qinghai province generated 66.98 TWh of electricity from January to August, falling 1.7% from a year earlier, a largely narrowed rate of decline compared to the first seven months

6 Weekly global coal market news summary (Sep 25-Sep 28) 2023-09-28

Indonesian thermal coal prices remain resilient despite lower liquidityIndonesian thermal coal prices have remained robust, defying a decrease in trading liquidity, attributed in part to an industry c

7 Weekly China coal market news summary (Sep 25-Sep 28) 2023-09-28

China's pithead thermal coal prices soften ahead of holidayThermal coal prices in China have seen a sudden decline after rising for more than a month, as many buyers retreated ahead of the National Da

8 U.S. Jan-Aug thermal coal exports up to 5-yr high, shipping data 2023-09-28

Thermal coal exports of the United States registered a year-on-year rise of over 20% during the first eight months of 2023, climbing to the highest level since 2018, Reuters reported, citing shipping

9 Inner Mongolia's Ordos Jan-Aug raw coal output up 3.1% YoY 2023-09-28

Ordos, a major coal heartland in Inner Mongolia, reported 539 million tonnes of raw coal output during January-August, up 3.1% year on year, representing 67.4% of total production in the region.Inner

10 China futures market updates at close (Sep 28) 2023-09-28

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

Most Read Articles

1 Mongolia on track to meet 50 Mt coal export target 2023-09-26

Mongolia is on track to fully complete its annual coal export target in 2023 considering high volume so far, Mongolian media Ikon News reported, citing a statement from the Minister of Mining and Heav

2 China's thermal coal prices continue to fall, and more drops likely 2023-09-25

China's portside thermal coal prices started the week with a further decline, and more price corrections are expected in the days leading up to the National Day holiday.On September 25, benchmark 5,50

3 Coal mine accident causes 16 lives in SW China 2023-09-25

A coal mine accident claimed 16 lives on September 24 in southwestern China's coal-rich Guizhou province, underscoring the safety mining situation again in the country.The tragedy struck in the mornin

4 India plans 40% increase in thermal coal usage for power generation 2023-09-25

India's Power Minister RK Singh has unveiled an ambitious plan to augment the country's thermal power capacity by an additional 25-30 GW, on top of 49 GW that are currently in the construction phase.U

5 China's thermal coal prices down for 3rd day despite strict safety scrutiny 2023-09-26

China's portside thermal coal prices faltered for the third day on September 26, extending the downward trend from late last week, although safety checks in major mining regions remained stringent and

6 China futures market updates at close (Sep 25) 2023-09-25

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

7 China's coking coal prices still resilient; Mongolian inflows seen to rise on Russia's tariffs 2023-09-25

China's coking coal market was still buoyed at the start of the week mainly by further tightening of supply in the southwestern region concurrently with stringent safety checks in key production areas

8 France to phase out coal power by 2027 2023-09-27

French President Emmanuel Macron declared on September 24 that his country will completely abandon coal-fired power generation by 2027.The country will hit the target by converting its last two coal p

9 Russia to introduce export tariffs on coal by 4-7% starting Oct 1 2023-09-25

The Russian government has announced it will introduce flexible export tariffs on various commodities including coal, starting from October 1, 2023 until the end of 2024.These tariffs will be linked t

10 How will China's Oct thermal coal prices go, to rise or fall? 2023-09-26

After experiencing continuous increase for over a month, thermal coal prices in China have recently started to decline. The question now is whether they will rebound or continue the downward trajector