TAKE-A-LOOK- India retains average monsoon forecast for 2012

Fri Jun 22, 2012 7:24pm IST

MUMBAI, June 22 (Reuters) - India's crucial monsoon rains are still expected
to be average in 2012, the weather office said on Friday, helping to allay
concern over farm output triggered by sparse rainfall in the last few weeks.
    Monsoon rains are critical for farm output and economic growth as about 55
percent of the south Asian nation's arable land is rain-fed, and the farm sector
makes up about 15 percent of a nearly $2-trillion economy, Asia's third-biggest.
    They are crucial to bring prosperity to farmers, which helps demand for
gold, fertilisers and sales of consumer goods and cars as two-thirds of India's
population depends on agriculture. 
   
    LATEST
    > India retains average monsoon forecast for 2012           
    > El Nino unlikely to cut India's July, August rains       
    > India monsoon rains pick up, some concerns linger        
    > India soybean rises to 7-week high on dry weather        
    > India chana up on demand outlook, monsoon delay          
    > India sugar extends gains on demand, monsoon woes        
    > Climate models still see El Nino returning -Australia    

    EARLIER STORIES
    > Monsoon rains pick up, cover almost half of India        
    > India's water reservoirs at 18 pct capacity              
    > India's crucial monsoon arrives late, starts weak        
    > El Nino may affect rains in some pockets                 
    > India forecasts average monsoon rains this year          
    > South Asia to receive average monsoon this year          
    
    EXCLUSIVE
    India sees 2012 monsoon normal, no El Nino threat          

    FACTBOX
    > TABLE-Weekly update on India's summer crop planting      
    > India's monsoon and impact on economy                    
    
    GRAPHICS
    Monthly monsoon rains 
    link.reuters.com/bew88s 
    Indian monsoon and key summer food crops 
    link.reuters.com/nez58s 
    Indian monsoon - actual vs official forecasts 
    link.reuters.com/far67s 
    Monsoon progress  
    link.reuters.com/fep88s 
   

 (Compiled by Rajendra Jadhav)
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