BIZ ~ COM
The Asia-Pacific Economic Cooperation (APEC) Climate Center has predicted that India is likely to experience above-normal precipitation during its peak monsoon season from July to September.
The first monsoon prediction in India for this year has been made by the Asia-Pacific Economic Cooperation (APCC) Climate Center. The Center has issued two separate forecasts for the periods from April to June, and July to September respectively.
According to the predictions, India is likely to experience above-normal precipitation during its peak monsoon season from July to September. This forecast change is attributed to the recent ENSO alert which predicts a smooth transition from El Nino to La Nina condition.
In its July to September outlook, the APCC Climate Center stated, “Enhanced probability for above-normal precipitation is predicted for the region spanning eastern Africa to the Arabian Sea, India, the Bay of Bengal, and Indonesia, the Caribbean Sea, the tropical North Atlantic, southern Australia, and the southern South Pacific. A tendency for above-normal precipitation is expected for some regions of East Asia and northern Australia.”
La Niña leads to cooler-than-average sea surface temperatures in the same region, leading to contrasting weather patterns such as heightened rainfall in some areas.
A shift from El Niño to La Niña generally brings positive implications for consumption-based companies in India as rainfall improves. This will lead to a boost in demand on account of better disposable income and favorable agricultural yield.
As weak rainfall and weather patterns impacted harvests, food inflation in India surged. In February 2024, food inflation, measured by the Consumer Food Price Index, which makes up nearly half of the overall consumer price basket, increased to 8.66 percent from 8.3 percent in January.
So the coming monsoon will be moderate and will be helping farmers with timely, adequate rain falls. Food inflation may be totally under control in the coming months but centre is advocating a wait and watch for now before giving any positive announcements on expectations of a better crop harvest.
