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Thursday, July 20, 2017

Commodity Alert (IMD): Monsoon picks up pace, weekly rainfall up by 11%..



According to the latest weather update by the India Meteorological Department (IMD), India received 75.3 millimeters (mm) of rainfall from July 12 to July 19. According to the IMD, the country was expected to witness 67.6 mm of rainfall. The surplus showers in the central and western parts of the country pushed the overall average into the positive territory, taking the cumulative average for the whole season, as on July 19, 1% above the normal estimate. The revival should boost planting of oilseed crops mainly soybean and groundnut in Madhya Pradesh, Gujarat and Rajasthan. The IMD data also showed that rainfall was normal in almost 71% of the country, while the remaining 29% suffered from deficient monsoon showers in the given week.



                                                                    Source : Business standard                        











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