Leshan Giantstar Farming & Husbandry Corp Ltd

The World Meteorological Organization said sea surface temperatures in the central and eastern tropical Pacific are expected to rise to record levels between October and December 2026, reflecting a strengthening El Niño. The phenomenon is expected to peak in December and may become one of the strongest El Niño events since at least 1950. On the news, on October 9, while the three major indices fell collectively, the agriculture sector rose against the market. The CSI Agriculture Theme Index rose 0.49 percent, with Shennong Group up more than 2 percent, Lihua Shares up nearly 2 percent, and nine stocks including Xinyangfeng and Juxing Farming up more than 1 percent. China Galaxy Securities noted that a new super El Niño is forming, and climate anomalies are hitting global agricultural markets. El Niño pushes warm water and rainfall centers toward the central and eastern Pacific, with Southeast Asia, Australia, and West Africa typically facing drought risks, while parts of South America see significantly more rainfall. Combined with global warming, the frequency of extreme weather such as high temperatures, drought, and heavy rainfall is rising further, increasing uncertainty in agricultural production. The firm also said this El Niño has officially formed and its intensity is still increasing. NOAA forecasts a probability of more than 90 percent that it will reach a very strong level in autumn and winter, with impacts potentially spanning the 2026 and 2027 production years.