Weak monsoon raises drought fears across India
pre-market1 source ↓written by the desknot a recommendation
- southwest monsoon
- 17 years
- with June rainfall
- 42% below normal
- of total capacity
- 26%
India has recorded its weakest start to the southwest monsoon in 17 years, with June rainfall 42% below normal. This has raised concerns over water availability and agriculture. Reservoir levels are critically low, holding only 26% of total capacity, impacting food production and agricultural stocks.
• 76% of the country faces deficient rainfall
• Similar patterns to the drought year of 2009 may emerge
Traders should monitor agricultural and water-related sectors for potential volatility.
Not investment advice. For informational purposes only.