Moneycontrol PRO
Loans
Loans
HomeNewsBusinessIMD to address media for long range monsoon forecast as El Nino threat looms

IMD to address media for long range monsoon forecast as El Nino threat looms

Friday's press conference will give a clear picture on the weather pattern that India is likely to experience this monsoon, with the threat of El Niño looming large.

May 26, 2023 / 09:18 IST
India Meteorological Department

Prices of commodities sensitive to El Nino weather impacts, such as coffee, rice, palm oil, and natural rubber, need to be continuously watched

The India Meteorological Department (IMD) will hold a press conference on “Long Range Forecast for Southwest Monsoon 2023” at 12 pm on Friday (May 26). Dr DS Pai, Sc-G and Head EMRC (Environmental Monitoring Cell) and NWP IMD will address the press conference followed by an interaction with the media. Friday's press conference will give a clear picture on the weather pattern that India is likely to experience this monsoon, with the threat of El Niño looming large.

In April, the IMD predicted a normal monsoon this year despite the El Nino concerns. Plus, the weather department forecasted a 70-percent chance of El Nino occurring during the months of June, July, and August.

India experienced seven El Nino years between 2001 and 2020, with four of them resulting in droughts in 2003, 2005, 2009-10, and 2015-16.

Companies follow keenly

El Nino, which is the warming of the waters in the Pacific Ocean near South America, is linked to the weakening of monsoon winds and dry weather in India.

Additionally, companies across several industries such as aviation, sports, mining, and retail will be closely monitoring the weather prediction to help evaluate the expectations from this year’s monsoon.

The finance ministry in its monthly economic review mentioned that prices of commodities will be sensitive to El Nino weather impacts, with the likes of coffee, rice, palm oil, and natural rubber needing to be continuously watched. The ministry also added that despite an uncertainty in rainfall, the growth of crops is unlikely to suffer.

Earlier this week, the IMD, in its latest weather forecast, said that due to cyclonic pressure over eastern Uttar Pradesh, West Bihar and Telangana, many states are expected to receive rainfall in the coming days. It also predicted strong winds in many states over the course of the next five days.

Moneycontrol News
first published: May 26, 2023 09:18 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347