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Bloomberg Quint

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Monsoon On Track: Kharif Sowing Gathers Pace, July Remains Crucial

  • Kharif sowing has seen a boost as monsoon progresses, with the overall sowing area 11% higher than last year.
  • Sowing areas for rice, pulses, coarse cereals, oilseeds, and cotton have surpassed last year's figures despite varying monsoon patterns.
  • July's monsoon performance is crucial as about 80% of sowing is completed by then; El Nino neutral conditions are anticipated to prevail.
  • Food inflation is expected to ease in June, with vegetable prices declining on a yearly basis, offsetting some rise in edible oils and fruits prices.

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