The Briefing
- A coastal El Niño is actively disrupting lemon-tree flowering cycles across Piura, Peru's dominant growing region — but the price shock won't reach consumers until the first half of 2027.
- In August 2017, a comparable El Niño-driven shortage drove a confirmed 133% lemon price surge, added 0.44 percentage points to Lima's consumer price index, and forced Peru's ceviche restaurants to absorb losses rather than pass costs to diners.
- Peru's central bank president has flagged lemon as the agricultural commodity most at risk in 2026–2027, with the sharpest damage expected in early 2027, once this season's disrupted harvest reaches market.