This article in the Financial Times elaborates on the impact of extreme weather on food prices and on the reasons for the declining global food prices despite climate concerns and the impacts of El Niño. International food prices, including sugar and dairy, have been falling for the past four years, with only one exceptional spike in October, particularly for sugar. The sudden spike in sugar prices illustrated the economic impact of the unusual weather events triggered by El Niño, which is expected to further disrupt commodity prices in 2016. »