El Nino threatens more food price volatility, Louis Dreyfus says

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20230303 LDC Indonesia - Coffee cultivation program

Agricultural commodities trader Louis Dreyfus is working with smallholder farmer partners on a range of sustainability projects, such as one pictured here with coffee farmers in Indonesia. (Photo courtesy of Louis Dreyfus Co.)

ERWIDA MAULIA, Nikkei staff writer

JAKARTA -- Global food prices are expected to stay volatile this year, with the forecast return of the El Nino weather phenomenon adding to uncertainties from the war in Ukraine and China's economic reopening, a Singapore-based regional executive with European agricultural commodities trader Louis Dreyfus Co. (LDC) told Nikkei Asia.

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