January 2025 globally was 0.09 degrees Celsius warmer than it in was in 2024, the previous hottest January
Both La Nina and El Niño, which develop between April and June and peak from October to February, significantly impact global weather patterns. While El Niño brings warmer air and ocean temperatures, La Nina has the opposite effect, cooling the ocean and atmosphere.
Despite promises to curb global warming, countries have so far failed collectively to reduce these emissions, pushing temperatures steadily higher for decades
A shift from El Niño to La Niña generally brings positive implications for consumption-based companies in India as rainfall improves.
El Nino, the warming of waters in the Pacific Ocean near South America, is generally associated with weakening monsoon winds and dry weather in India. La Nina, the opposite of El Nino, typically brings good rainfall during the monsoon season.
Even small increases in warming can exacerbate the dangers from heat waves, wildfires, drought and other calamities, scientists say.
Deficient rains can be a bane for agri- and rural-centric companies, while a boon for sectors that offer respite from scorching heat
Here is a glossary of terms used by the weather department in its monsoon forecast.
Deficient rains can be a bane for agri- and rural-centric companies, while proving to be a boon for sectors that offer respite from scorching heat
If March temperatures harm the wheat crop, and monsoons play truant due to the El Nino phenomenon, the country will be in a tight price spot as foodgrain stocks are running low
El Nino is not going to affect only kharif crops but also the next rabi season crops as their health depends on the soil moisture and water availability in the reservoirs. A deficient monsoon results in sub-optimal filling of water reservoirs and inadequate soil moisture impacting yields of rabi crops
Climate change is not only raising temperatures and making India’s heatwaves more intense, it is also changing weather patterns that, in turn, are driving dangerous heat extremes, say experts
The global agricultural market will also be supported by the La Nina weather event, a global atmospheric-oceanic phenomenon caused by decrease in sea surface temperature in the Pacific Ocean.
The Indian Meteorological Department (IMD) has predicted a colder-than-usual winter this year due to La Nina conditions. Take a look to understand more about La Nina, and why winter may be colder this year
The World Meteorological Organization (WMO) said there was a 60 percent chance of a La Nina event between September and November.
The country's weather agency has attributed the downward revision to the delay in La Nina phenomenon.
"The southwest monsoon has withdrawn from some parts of West Rajasthan today," the weather department said.
A forecast for above-average rains had stoked fears of crop damage during harvest, but with normal rainfall farmers can reap bumper crops. The June-September monsoon is crucial for India's rain-fed farm sector that accounts for nearly 15 percent of its USD2 trillion economy - Asia's third biggest.
CRISIL's DRIP (Deficient Rainfall Impact Parameter) indicator is better for all crops compared with last year. The indicator is upbeat on almost all states, barring Gujarat, Odisha Assam, Himachal Pradesh and Kerala.
Given the scenario, the biggest threat to Indian markets going ahead would be if Britain's 'separation contagion' spreads to other member countries of the EU going forward, says Manish Sonthalia, Senior Vice President at Motilal Oswal Asset Management.
The monsoon during June-September is likely to be above-normal. The rainfall this year will be 106 percent of the long period average, India Meteorological Department said.
The trigger for the market would mainly be the RBI policy and monsoon forecasts, says Ambareesh Baliga.
As far as the Indian market is concerned, it is likely to get excited going into the Budget, says Andrew Holland of Ambit Investment Advisors. He also expects the dollar to weaken in the short-term, which will in turn be beneficial to emerging markets like India
In a first indication towards the monsoon pattern in India, Skymet said the country may see an emerging stage of the El Nino phenomena through the monsoon months.
India's monsoon is likely to have average rainfall in 2012 despite fears the El Nino weather pattern may emerge in the second half of the season, the country's top weather official said, pointing to a third straight year without drought.