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MC Daily Monsoon Tracker: Heavy rains spell trouble on price front

Central India and some parts of north saw a rise in rainfall activity over the past week even as monsoon has begun to retreat

September 30, 2024 / 08:58 IST
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Heavy rainfall in central India threatens supply chains and food prices

India's rainfall surplus widened again to 7.77 percent as of September 29, as heavy rains battered parts of central India and north even as monsoon has begun to retreat, data released by the India Meteorological Department (IMD) shows.

Heavy rainfall will likely keep food prices elevated, experts have said.

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"Heavy rainfall in key states such as Maharashtra, Andhra Pradesh and Himachal Pradesh have led to supply disruptions for vegetables, causing prices to spike sharply," said Madhavi Arora, chief economist, Emkay Global.