El Nino worries ease, robust monsoon likely: IMD
Commodity Online | April 12 2019
UPDATED 11:52:21 IST

Exports contract marginally to $25.98 bn in November

India's Steel demand growth turns negative: report

Industrial output contracts 3.8% in October

Retail inflation spikes to 3-yr high of 5.54 pc in Nov

CAI retains 2019-20 production outlook at 354 lakh bales

Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rains, according to the latest assessment by the country’s weather office.

Officials in the India Meteorological Department said El Nino conditions have weakened considerably and the assessment is that this is unlikely to pose any threat to the southwest monsoon which waters over half of India’s farmland.

“The El Nino conditions appear to have weakened considerably. It is unlikely to last long and we don’t think it will have any major impact,” said an IMD official on condition of anonymity. He said the weather patterns over the Pacific Ocean though have to be under watch for some time.

A scare for the country’s crucial monsoon appeared on the horizon late last month after US weather agencies forecast a 60% chance of El Nino continuing through the summer.

The official said the IMD will unveil its official monsoon forecast next week after it gets a go-ahead from the Election Commission. “We have sought approval to announce the monsoon forecast. We are awaiting both the EC and government go-ahead,” the official said adding final touches were being given to the report.

 

Commodity Arrivals Rate
Mustard Oil 1 9050.00
Coconut Oil 0.1 16900.00
Arecanut 25 15000.00
Sugar 0.5 4000.00

More

×