The second report on Peru's agro-export panorama by Fluctuante highlights the intensifying climate phenomenon known as El Niño and its potential impact on agricultural production. The report indicates that several South American countries, including Peru, may experience unfavorable weather conditions leading to decreased agricultural output, food shortages, crop loss, and damage to infrastructure. The report also predicts a significant decline in Peru's agricultural exports by 2024 due to the prolonged effects of El Niño.