El Nino concern: Skymet too raises monsoon alarm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ India should prepare for below normal rainfall in the crucial monsoon season this year, particularly in the agriculturally significant north-western and western central regions, private forecaster Skymet has said. In a forecast for the June-September rainy season released on Tuesday, Skymet said there was a 40% chance that rainfall would be less than average and a 25% chance that there would be a drought. This can lead to another spurt in inflation, similar to the last drought in 2009 when food inflation jumped to 20% in December and stubbornly remained high for years. thegatecoach
Posted on: Wed, 16 Apr 2014 02:16:09 +0000
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