MC Daily Monsoon Tracker: Rainfall deficit narrows further to 13.8%

Data released Friday showed Kharif sowing was up 33% as of June 28 from the previous year. Pulses sowing was up 181%, whereas oilseeds witnessed an over 150% rise in acreage. Rice acreage was largely unchanged at 2.2 million hectares.

In monsoon parlance, a normal is calculated using a long-period average of 30 years for a specific region.

A deficit is computed in percentage terms if the rainfall is below the long-period average.

The reservoir level situation worsened in the week until June 27. Reservoir levels were down 16.7% from normal as of June 27, compared with 9% in the previous week.

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Bihar and Andhra Pradesh have an over 50% deficit in reservoir levels.

A recent report pointed out that climate change was taking a toll on farmers, with 80% of marginal farmers saying they had suffered an extreme weather event in the past five years.

Food inflation was sticky above 8% in May and will likely stay elevated in the coming months.

Higher food inflation means that rural inflation has outstripped urban inflation for nearly a year and is likely to do so in the coming months.

The government is hoping for a revival of its agricultural sector, which recorded 1.4% growth in FY24 compared to 4.7% in the previous year, also lower than the 3.7% long-term average.