The intensifying El Niño is expected to cause severe weather disruptions globally. In Asia-Pacific and Latin America, the event has already led to droughts, wildfires, and crop losses. For example, El Salvador has declared a state of emergency due to drought, while Indonesia is battling wildfires. India is experiencing a weaker monsoon season, which could impact the production of key crops like rice and sugar. Peru's anchovy fishing industry has also been severely affected. These disruptions are expected to have cascading effects on global food and energy markets, potentially driving up prices for commodities such as corn, cocoa, and coffee (CNBC, 2026).