Experts have warned that Latin American countries should remain on high alert because this time the rapid change in La Nina may take very little time for the population and crops to recover.
Australia's weather bureau said last month that the El Nino phenomenon had ended.
“La Niña is likely to impact wheat and corn production in the US and soybean, barley, wheat and corn production in Latin America, including Brazil, Argentina and Uruguay,” said Sabreen Chaudhary, head of commodities at BMI.
“The weather event is associated with prolonged drought across the Americas region, leading to poor crop quality and declines in average yields, exacerbating global supply issues.”