Other than hitting food crops, the weather event will also impact the fishing industry.
"El Nino actually raises temperatures...in most parts of tropical Asia. So when temperatures increase, fish…migrate to deeper waters so obviously the fish catch will be affected," he said.
"That in turn has impact on poultry that would depend on fish meal. It has a lot of impact on fisheries and livestock like poultry etc."
The El Nino climate pattern, which is expected to strengthen further through the end of the year, is on track to be one of the three strongest such patterns in almost 70 years, according to the United Nations weather agency last week.
While El Nino may give a boost to commodities like agriculture and livestock, it will be negative for natural gas prices as the weather phenomenon will give rise to a slightly milder than normal December in the world's largest natural gas consumer United States.
This will lead to a decrease in heating applications as just a large ramp up in North East production is expected from Texas Eastern Transmission's Ohio Pipeline Energy Network, said Goldman Sachs in a note Monday.
William's Leidy Southeast expansion project in is also expected to come into full-service in the next few months.