Signaling the start of a typical monsoon, According to a report released on Monday, the country’s cumulative rainfall as of July 6 was 1% over the long-term normal, while as of July 3, the weekly rainfall was 32% above the long-term average.
With the majority of the nation having received healthy rains over the past week, spatial divergence has decreased.
According to the Emkay Global Financial Services report, there have been normal rains in North and West India (3%) and Central India (6%), East and North East India (0%), and the southern peninsula (13%), thus far.
Lead Economist at Emkay Global Financial Services, Madhavi Arora said, “With June having ended in deficit, it is imperative that July sees healthy rainfall and the month has begun on a promising note.”
Meanwhile the delayed sowing picked the pace and now it is better than last year.
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“Total area under sowing (24.1 million hectare), as on June 28, is sharply higher (33 per cent YoY) than last year. This is mainly due to accelerated sowing of pulses and oilseeds,” the report noted.
The acreage used for planting rice hasn’t changed from last year, while sugarcane has done better. Cotton sowing is significantly greater among non-food crops.
At this stage in 2023, the total area under sowing is 22% of the typical area seeded, up from 18.6% in 2023.
“July is extremely important in this regard with nearly 80 per cent of sowing activity completed by the end of the month,” said Arora.
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