Peru’s central bank has significantly lowered its agricultural growth forecast for 2026, revising it down from 2.5% to 0.3%. This adjustment stems from widespread damage caused by the El Niño weather pattern and resulting heavy rainfall. Over 7.3 million hectares of land have been affected by the adverse weather conditions. The downgraded projection signals a substantial impact on the country’s agricultural sector. Authorities cite extensive crop losses and disruptions to farming activities as primary factors. The revised forecast reflects growing concerns about food security and the economic consequences for agricultural communities. The central bank’s assessment underscores the vulnerability of Peru’s agricultural output to climate-related events.