Wheat rebounded from a second weekly loss as clashes in eastern Ukraine prompted an emergency meeting of the United Nations Security Council, boosting concern that supply from the region may be disrupted.
Rice, sugar and rubber output in Thailand is at risk because of prolonged drought, according to the government forecaster, which warned that the dry conditions may be aggravated by the development of an El Nino this year.
Palm oil stockpiles in Malaysia unexpectedly expanded in March, snapping a two-month decline, as production in the world’s biggest supplier after Indonesia climbed by the most since July. Futures dropped.
An El Nino weather pattern, which can parch parts of Australia and Asia while bringing rains to South America, will probably develop in the next few months as the Pacific Ocean warms, Australia’s Bureau of Meteorology says.