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Weak Monsoon May Lead To Food Inflation

Weak Monsoon May Lead
To Food Inflation
Stock Market1 min read

Weak monsoon may lead to vegetables prices rising further and adversely impact winter crops. The MET department forecasts a subdued monsoon in the northern and western states at least up to August 28.

Rainfall in the last week was 25% less than normal, down from 77% recorded last year.

In Punjab and Haryana, the rain deficit in the season is 62%.

Paddy farmers have been hurt by the poor rainfall, said Krishan Singh Khokhar, vice chancellor, Chaudhary Charan Singh Haryana Agricultural University. "There will be a drop in production of at least 10% in the rice crop," he said. Production of cotton and pearl millets may also get affected due to poor rain in the state.

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