Seasonal rains crucial for farming and usually lasting from April to June are yet to start in key southern areas of Somalia, as well as in far northeastern regions.
If rains fail this month, "combined with sustained insecurity, we might see new levels of crisis unfold," said Daniel Molla, chief technical adviser from the UN's Food Security and Nutrition Analysis Unit (FSNAU).
"Delayed rains, rising food prices and persistent insecurity in Somalia is likely to worsen the country's food security situation in the coming months," FSNAU added in a statement, with more than 850,000 people requiring "urgent humanitarian assistance".
Over 200,000 children aged under five are "acutely malnourished", with more than a quarter of those assessed as severe cases who "face a higher risk of death", FSNAU added.
Somalia was the hardest hit by extreme drought in 2011 that affected over 13 million people across the Horn of Africa, with famine zones declared in large parts of the war-ravaged south.
Almost 260,000 people, half of them young children, died of hunger during the 2011-2012 famine, according to the UN, which admitted it should have done more to prevent the tragedy.
Somalia, ravaged by nearly uninterrupted civil war for the past two decades, is one of the most dangerous places in the world for aid workers and one of the regions that needs them most.
During the 2011, most of the famine-hit areas were under the control of the Shebab, and the crisis was exacerbated by their draconian ban on most foreign aid agencies.
While the Islamists still control vast swathes of the countryside, AU troops have since seized a string of towns from the gunmen.
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