The El Niño event poses significant risks to global agriculture. Drought conditions in Australia, Southeast Asia, and Southern Africa could lead to reduced yields for wheat, palm oil, and corn, respectively. Conversely, wetter conditions in Argentina and southern Brazil may boost soybean and corn production. The uneven distribution of weather impacts could lead to supply shortages in some regions and surpluses in others, creating volatility in global commodity markets. Additionally, the event may exacerbate food inflation and trigger government interventions, such as export restrictions, in affected countries.