India Monsoon Arrives Early in Kerala, Sowing to Gather Pace
(Bloomberg) -- The southwest monsoon, which waters more than half of India's farmland, arrived on the mainland ahead of its normal schedule.
The monsoon reached the southern state of Kerala on Tuesday, according to a statement on the India Meteorological Department's website. The department had accurately predicted an onset date of May 29 for the June-September rainy season, which typically starts on June 1.
Early showers will help farmers to start planting of major crops such as rice, soybeans, cotton and pulses. The monsoon is critical to India's agriculture as it accounts for more than 70 percent of annual rain and recharges reservoirs that help irrigate crops. Any deficit in the rainfall during the early part of the season could delay sowing and hurt crop growth.
“Timely rain will boost acreage and in turn increase agricultural production,” said Veeresh Hiremath, head of research at Hyderabad-based Karvy Comtrade Ltd. “That's going to be negative for crop prices.”
Monsoon Progress
Conditions are favorable for the monsoon's further advance in the remaining areas of Kerala and some parts of coastal and south interior Karnataka during next 48 hours, according to the statement.
The meteorological department has predicted a normal monsoon this year, with total rain during the four-month period seen at 97 percent of a 50-year average. Rainfall between 96 percent and 104 percent of the long-term average is considered normal.
Adequate showers in the first month of the rainy season are critical for crops in India, where about 800 million of the 1.3 billion population depend directly or indirectly on farming. The country is the world's top grower of cotton and the second-biggest producer of wheat, rice and sugar.
To contact the reporter on this story: Pratik Parija in New Delhi at pparija@bloomberg.net
To contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, Atul Prakash, Unni Krishnan
©2018 Bloomberg L.P.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.