India's monsoon stays weak as govt mulls drought steps.

Discussion in 'Commodity Futures' started by kanellop, Jul 30, 2012.

  1. kanellop


    Hello Again to All.

    Exist the following News:


    India's monsoon stays weak as govt mulls drought steps

    NEW DELHI, July 27 (Reuters) -
    India's monsoon rains are unlikely to pick up enough to avert the possibility that ministers meeting next week may officially declare a drought,
    which could prompt the government to offer more support for farmers to ensure adequate food supplies.

    Rains from June 1 up to the end of the planting month of July are likely to be 21-22 percent below average,
    Farm Secretary Ashish Bahuguna said on Friday,
    unchanged from the seasonal shortfall recorded up to July 25.

    India's crucial June-September monsoon rains were 29 percent below average in the first month of the season,
    while the rains were about 15 percent below average so far in July.


    Kind Regards,

    George Kanellopoulos.