News Capsule: Ample Global Food Stocks May Cushion El Niño Impact
19-Jun-2026 10:37 AM
News Capsule: Ample Global Food Stocks May Cushion El Niño Impact
★ Despite growing concerns over a potential "Super El Niño" in 2026-27, global food supplies may remain relatively stable due to near-record inventories of key crops such as wheat, rice, corn and soybeans.
★ Consecutive years of strong harvests have boosted stockpiles in major producing and consuming countries.
★ Global wheat stocks are projected to reach a five-year high, while rice inventories are at record levels, led by India’s large reserves.
★ These stocks could help limit food price spikes and reduce the need for export restrictions, although weather-related risks to crop production remain significant.