The developing El Niño is expected to disrupt food supply chains, leading to higher global food commodity prices for up to two years, according to the European Central Bank. Vulnerable regions, including parts of Asia and Africa, may face significant agricultural challenges, with rice yields potentially dropping by 20-50%. Energy demand is also likely to shift, with warmer conditions increasing cooling costs in some areas while reducing heating expenses in others. Developing countries, where households spend a larger share of income on food, are expected to bear the brunt of these economic pressures. (Source: Newsweek, 22 June 2026)