Weak monsoon raises concerns over kharif sowing and food prices
after close1 source ↓written by the desknot a recommendation
- the long-period average
- 31% below
- and raised concerns
- 18 million hectares
- LPA in June
- 40% below
- North-East India face
- 41% deficit
A weak southwest monsoon is impacting India's economy, with cumulative rainfall as of 3 July 31% below the long-period average. This has slowed Kharif sowing to 18 million hectares and raised concerns over food inflation. The India Meteorological Department forecasts July rainfall to remain below normal, potentially affecting agricultural output. 🌾
Key Points:
• Cumulative rainfall 40% below LPA in June
• East and North-East India face 41% deficit
• Prolonged deficiency may lead to higher food prices.
Not investment advice. For informational purposes only.