The industry expects Iran to purchase at least 1 million tonnes this financial year
India Meteorological Department's (IMD's) prediction of a normal southwest monsoon should lead to improving of farm incomes boosting sectors dependent on health of the rural economy. IMD has predicted that rain during the June to September monsoon season will be normal at 96 per cent of the Long Period Average (LPA). Among the beneficiaries are agricultural input segments such as seed and fertiliser, as well as tractor and consumption goods stocks. Mohan Lal of Kotak Institutional Equities believes with farm incomes expected to see healthy improvement, agri inputs should see higher demand. The brokerage is positive on Dhanuka Agritech, Rallis India and PI Industries. There are two sets of beneficiaries, one during the pre-monsoon period and the other after. Kunj Bansal, investment head at Centrum Wealth Management, expects pesticides/insecticides and tractor manufacturers to benefit before the monsoon. While a consumption boost would help two-wheelers and consumer goods makers after ..
Last year the IMD had predicted the rains to be above normal
Rainwater should not be allowed to waste as far as possible
The southwest monsoon provides a little more than 70% of the country's annual precipitation
Monsoon this year in India is likely to be 'below normal' at 95% of LPA, the private forecaster said
Monsoon 2017: This may cause trouble for farmers and decide the fate of Kharif crops
Monsoon rains arrive on the southern tip of Kerala state by around June 1
Six climate models suggest thresholds may be reached by July
El Nino is often associated with below average warmer, dry weather across Asia Pacific region
Advisory will also have information on the type of crop needing to be sown, depending on irrigation
The Regional Meteorological Centre (RMC) on Friday said this year's northeast monsoon, which is likely to set in on Sunday, was expected to be "near normal".Director of area cyclone warning centre at RMC in Chennai, S Balachandran, said, Tamil Nadu receives about 44 centimetre (cm) of rainfall during the northeast monsoon ending December."Rainfall of 39-44 cm is expected," he said.He reiterated that the conditions for the onset of northeast monsoon, which brings the bulk of rainfall to the state, were favourable.In December last year, the northeast monsoon had wreaked havoc in Tamil Nadu, with a record downpour, resulting in a deluge in four northern districts of the state, Chennai, Tiruvallur, Cuddalore, and Kancheepuram.
The last part of a series on kharif crop looks at cotton
But farmers need strategic market intervention
85%of the country gets normal rains, but Karnataka declares drought
Rural India to see maximum benefit
A delay in the onset of La Niña and unsupportive Indian Ocean Dipole and Madden Julian Oscillation seemed to have made the Met's prediction go awry
Karnataka declares drought in 68 taluks
India's southwest monsoon, that had started withdrawing from parts of west Rajasthan some days ago, will again resume its backward march from next week, the India Meteorological Department (IMD) said in its weekly update on Thursday.The rains so far in the southwest monsoon season, with just 10 days left for the season to end, are estimated to be five per cent below normal, while in southern and eastern parts of the country, are expected to be 10 per cent and 13 per cent below normal.In central India, southwest monsoon from June 1 to September 21 has been three per cent above normal, while in northwest India, comprising of major grain-producing states Punjab, Haryana, Rajasthan, among others, is estimated to be four per cent below normal.With only 10 days left for monsoon to withdraw, the deficit might not narrow much. IMD officials say monsoon is expected to be 97-98 per cent of the Long Period Average (LPA), which is lower than the previous estimate of 106 per cent of LPA, with an er
Chandigarh, the common capital of the two states, also received poor rains this year, with a deficit of 46%