Monsoon revival keeps rain above average

NEW DELHI Thu Jul 24, 2014 6:52pm IST

A woman signals for a bus to stop as she walks under an umbrella during rainfall in New Delhi July 17, 2014. REUTERS/Anindito Mukherjee/Files

A woman signals for a bus to stop as she walks under an umbrella during rainfall in New Delhi July 17, 2014.

Credit: Reuters/Anindito Mukherjee/Files

Related Topics

Rajalakshmi (C), 28, smiles after winning the Miss Wheelchair India beauty pageant in Mumbai November 26, 2014. REUTERS/Danish Siddiqui

Miss Wheelchair India

Seven women from across India participated in the country's second wheelchair beauty pageant, which aims to open doors for the wheelchair-bound in modelling, film and television, according to organisers  Slideshow 

NEW DELHI (Reuters) - India's parched rice, soybean, cotton growing areas will receive more rainfall next week as the monsoon is expected to continue its wet revival phase.

Rains in the northwest India grain bowl as well as in soybean belts of western-central parts are expected speed up summer planting activities.

India's farm sector accounts for around 14 percent of the economy but two-thirds of the country's 1.2 billion people depend on farming for their livelihood, and more than half of its arable land needs monsoon rains.

"The monsoon has improved but still needs to be watched how the rainfall shapes up during August," Farm Minister Radha Mohan Singh told Reuters.

A month and half-long weak phase in the monsoon pushed rainfall a quarter below the average so far for the season that started in June. But a revival after mid-July pushed the rain level to above average last week.

Rainfall was 24 percent above average in the week ended July 23, the first week of surplus for this year's monsoon season.

Poor rain levels since the start of the June-September season raised concerns that India would face its first drought in five years, with coverage for most of the main summer crops slipping below the halfway mark.

A weak monsoon cuts exports, stokes food inflation and can hit demand for products ranging from cars to consumer goods.

"No dry phase in the monsoon is expected until the month's end," said a weather official who did not wish to be identified.

A poor monsoon could raise imports of cooking oil to India, the world's leading buyer of vegetable oils. The country could also cede its position as top rice exporter to Thailand.

(Editing by David Evans)

FILED UNDER:

SAARC Summit

REUTERS SHOWCASE

E-Commerce Boom

E-Commerce Boom

Online grocers come up trumps in India's e-commerce boom   Full Article 

Reuters Poll

Reuters Poll

GDP growth to slow to 5.1 pct, but no rate cut yet  Full Article 

Oil Prices Fall

Oil Prices Fall

Oil at four-year low as OPEC production cut looks unlikely  Full Article 

Google in Europe

Google in Europe

Insight - Behind Google's Europe woes, American accents  Full Article 

Vodafone Tax Dispute

Vodafone Tax Dispute

India advised against challenging Vodafone tax ruling - source  Full Article 

India-focused Funds

India-focused Funds

India-focused hedge funds up over 40 pct YTD - HFR  Full Article 

Trade Deal

Trade Deal

WTO postpones trade deal by a day after last-minute objection.  Full Article 

RBI Rate Hopes

RBI Rate Hopes

Markets pricing in rate cut, despite wary RBI  Full Article 

Land Disputes

Land Disputes

Disputes over land for industry on the rise in India, angering locals - charities  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage