Commodity Online
MUMBAI: The advancement of the Southwest monsoon continued in stable manner as it is approaching its end. During the week ended September 24, 2008 the weighted average rainfall was 2.5% above normal.

Moreover the number of divisions with deficient/scanty rainfall remained steady at just 2 for the week. The key takeaways of an analysis by Emkay Global Financial Services Ltd upto 24th September are as under:

• The weighted average rainfall across the country was at 2.5% above normal for
week ended September 24, 2008 from 0.5% above normal in the preceding week.
• In the rain dependent areas the weighted average rainfall was at 1.1% above
normal compared with 0.1% below normal
• The total rainfall till date is now 99.2% of the normal (see table IV) rainfall for the full season compared with 103.1% for the corresponding period last year.
• Number of divisions with deficient or scanty rainfall remained stable at 2 for
the week ended September 24, 2008.
• The sowing is going at normal pace except for crops like coarse cereals, sugarcane and cotton.