Moneycontrol PRO
Black Friday Sale
Black Friday Sale
HomeNewsTrendsWeatherMC Daily Monsoon Tracker: Rainfall deficit narrows to single digits

MC Daily Monsoon Tracker: Rainfall deficit narrows to single digits

Andhra Pradesh, Tamil Nadu are among four states with over 50 percent rainfall surplus

July 02, 2024 / 07:49 IST
Rainfall deficit narrows further

India’s rainfall deficit further narrowed to 6.8 percent until July 1, compared with 10.9 percent on the previous day, according to data released by the Indian Meteorological Department.

Andhra Pradesh and Tamil Nadu were among the four states with a rainfall surplus of over 50 percent.

IMD on Monday noted that India is likely to face above-normal rainfall in July.

Thirteen of the 36 states and UTs have faced a rainfall surplus, with 21 facing deficiency. Chandigarh faces the highest deficit levels at 86 per cent. (see graphic)

Data released Friday showed Kharif sowing was up 33 percent as of June 28 from the previous year. Pulses sowing was up 181 percent, whereas oilseeds witnessed an over 150 percent 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 percent from normal as of June 27, compared with 9 percent in the previous week.

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

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

Food inflation was sticky above 8 percent 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 percent growth in FY24 compared to 4.7 percent in the previous year, also lower than the 3.7 percent long-term average.

Ishaan Gera
first published: Jul 2, 2024 07:48 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!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

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