The correct conclusion from the observation that the population of phytoplankton has significantly decreased compared to the previous year is:
The plankton as a carbon sink and as a carbon source in the area will be less than expected.
This is because phytoplankton play a crucial role in both absorbing carbon dioxide during photosynthesis (acting as a carbon sink) and in decomposing organic matter (acting as a carbon source). A decrease in phytoplankton population would lead to a reduction in both of these functions.