The World Meteorological Organization has announced a potential return of El Niño, a phenomenon that causes unusual warming of the Pacific Ocean, with a 15% probability between April and June and a 55% probability from June to August. This could have implications for Brazilian agricultural production, particularly sugarcane, as it could lead to wetter conditions which can disrupt the harvest rhythm and affect sugar concentration. There is caution among analysts about the potential impacts of El Niño on the availability of sugar and ethanol, and the overall availability of these products could lead to inflationary pressure on prices.