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Economist Intelligence Unit expects tea prices to rise in coming months following weak 2023, citing concerns about El Niño’s impact on production; global tea consumption growing steadily, with China accounting for 45% and driving demand for green tea

Minnesota's logging sector feels impact of warmest winter on record, resulting in lower timber production and higher prices forcing paper manufacturers and lumber mills to seek alternative sources; lumber prices have risen around 6% this year

CertainTeed launches US Industry Trend Report at the 2024 International Builders' Show; findings include building for extreme weather, environmental pressures, prioritizing renovation of building insulation, roofing and siding to increase ROI, curb appeal

Severe weather in January cost Clearwater Paper an estimated US$13M at its Lewiston, Idaho, paper mill--a combination of equipment damage and repairs, temporary discontinuation of operations; company has insurance for such incidents with US$4M deductible

Economist Intelligence Unit: Arabica coffee prices fell 19.3% in 2023 but expected to rise 7.4% in 2024 to US$2.21/lb due to disruptions from El Niño, higher fertilizer prices; prices could weaken to US$2.20/lb in 2025 if weather conditions normalize

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