Mumbai, 8 Jun (Commoditiescontrol): India Meteorological Department (IMD) expects country's monsoon rains to pick up by mid-June, which would spur the sowing of crops such as rice, corn, cotton, soybean, sugarcane and peanuts.
That spell of rainfall is likely to cover central India and the northern plains of the country.
The monsoon – which accounts for nearly 70 percent of India's annual rainfall and is the lifeblood of its $2.7 trillion agriculture-dependent economy – arrived on the coast of southern Kerala state on May 29, two days ahead of the usual time.
But since June 1, when the four-month monsoon season began, rains are 42 percent below average. The IMD defines average, or normal, rainfall as ranging between 96 percent and 104 percent of a 50-year average of 87 cm (35 inches) for the entire rainy reason.
At this stage, the progress of the monsoon, especially over central and northwestern India, is crucial for the planting of an array of key crops.
The monsoon will play an important role in determining this year's rice crop, and plentiful rains will help New Delhi maintain its preeminent position in the global rice trade.
India relies on monsoon rains to water almost half its farmland, which lacks irrigation. Farming contributes around 15 percent to India's $2.7 trillion economy while sustaining more than half the population of 1.3 billion.
(By Commoditiescontrol Bureau: +91-22-40015505)
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