The below-normal monsoon has significant implications for agriculture, particularly for sugarcane production, as India is the world's second-largest sugar producer. Reduced rainfall could exacerbate water scarcity and affect crop yields, leading to tighter domestic and global sugar supplies. The ongoing El Niño may also disrupt weather patterns in other key agricultural regions, potentially causing droughts in Brazil and Thailand. These disruptions could lead to a global sugar deficit, impacting food prices and supply chains worldwide.