“Near-record inventories, technological advances and the rise of key exporters such as Brazil and Russia have made the global food system more resilient to this year's 'super' El Nino than similar past events…

In 1997-98 and 2015-16, severe El Nino episodes slashed production of key crops, fuelling food shortages, inflation and sapping economic growth…

This time, near-record grain inventories, drought-tolerant seeds, better weather forecasting, ​precision agriculture, improved irrigation and the emergence of newer export powerhouses are poised to cushion much of the fallout.”

From Reuters.