Intensity of monsoon has eased significantly over the past week while kharif harvesting season will begin next month
This season, kharif sowing is ending with acreage higher than last year across most crops, barring cotton, says Barclays.
Image: Money Sharma / AFP
As monsoon is approaching its end, rainfall has eased in most of the regions. Storage levels in reservoirs are well distributed across key rabi crop-producing regions.
On a cumulative basis, rainfall was 5.4 percent above the long period average (LPA) as of September 22, according to Barclays analysis based on Indian Meteorological Department (IMD) data. This compares to an overall rainfall at 7.7 percent in last week. The intensity of monsoon has eased significantly over the past week, with little to no rainfall in most regions except select parts of the central and northern regions, which continued to receive excess rainfall.
Infofraphics: Mukesh Singh
IMD forecasts neutral ENSO (El Niño-Southern Oscillation) conditions will persist until the end of the season. That implies La Nina is unlikely to develop for now, paving the way for this year's monsoon to end.