The El Niño phenomenon has led to a 1.7% decrease in global fisheries catch, significantly impacting the Peruvian anchovy catch by 56% and causing price hikes for fishmeal and fish oil. This climate event has disrupted fish habitats and food availability, with further declines expected in early 2024. Additionally, climate change has resulted in harmful algae blooms and fish kills in Chile. While some fisheries like skipjack and yellowfin tuna have benefited, the overall economic loss due to El Niño is projected at $3.5 trillion over the next five years. The FAO stresses the need for flexible fisheries regulation and disaster preparedness to address more frequent extreme El Niño events.