In California, they're counting on it to end an historic drought; in Peru, they've already declared a pre-emptive emergency to prepare for devastating flooding.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/massive-el-nino-still-growing-ten-year-high-will-cause-prices-everything-chocolate-coffee
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/daily-mail-united-kingdom
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/atmosphere-and-ozone-layer
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/el-nino
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/atmosphere-science
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/california
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/floods
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agriculture
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/peru
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/china
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/europe
[14] http://admin.indiaenvironmentportal.org.in/category/thesaurus/australia