Indian monsoon seen slowing after strong start: forecaster

Reuters  |  SINGAPORE 

By Thukral

Monsoon rains, vital for Asia's third largest economy, hit at the end of May, a few days earlier than normal, brightening the outlook for agricultural and economic output.

"Indian monsoon got off to a pretty good start across much of But, we see a change in the situation, we are going to see mostly dry over the next 10 days," said Kyle Tapley, senior agricultural meteorologist at Radiant Solutions, formerly MDA Earthsat.

"North-western areas have yet to see the monsoon and it looks like it's going to be dry over the next couple of weeks. Northern and is going to see monsoon behind schedule."

The Monsoon delivers about 70 percent of India's annual rainfall and are the lifeblood of its $2.5 trillion economy, spurring farm output and boosting spending on items ranging from gold to tractors and refrigerators.

Tapley said rains are forecast to return after a 10 day dry spell.

"All of looks below normal over the next 10 days, once you get past that period, it looks like rains begin to return to southern and "

For the entire four-month monsoon season, rains are expected to be marginally below normal, he said by phone from the company's headquarters in

(IMD) retained its monsoon forecast at 97 percent of a long-term average on Wednesday.

DRYNESS IN AUSTRALIA

Australia's eastern grain belt is expected to remain dry during coming weeks, hitting wheat production in the world's fourth largest exporter.

"The southern and western wheat growing areas in have seen some improvement, but it is quite dry in and New South Wales," Tapley said.

"Going forward those areas will not see much rainfall for the next couple of weeks. We will probably see more showers across western Australia, and South over the next week or so."

The forecast for Australia's wheat production has been cut by nearly 8 percent for 2018/19, the country's top commodity agency reported on Wednesday, as prolonged dryness across the crimps national output.

The crucial August and September months for the Australian wheat crop are expected to receive below normal rains in much of country, Tapley said.

(Reporting by Thukral; Editing by Simon Cameron-Moore)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 15 2018. 10:14 IST