The Latest Breaking News from El Nino

Monthly average rainfall over India expected to be below normal in July: IMD

India faces a below-normal rainfall forecast for July, with the national average expected at 94% of the long-period average. This follows a significant 40% deficit in June, attributed to unfavorable weather patterns including El Nino and a lack of low-pressure systems. While most of the country anticipates less rain, some…

The Economic Times · Jun 30

Seed stocks adequate, but last-mile delivery remains critical: FSII

Indian seed companies are holding substantial surplus stock for the upcoming kharif season, aiming to mitigate potential losses from a weak and delayed monsoon due to El Nino. Despite robust production, timely distribution to rain-deficient regions remains a critical challenge. Farmers in vulnerable areas are urged to consider short-duration, climate-resilient…

The Economic Times · Jun 28

Oil slide anchors India 10-year yield at 3-month low

Indian government bond yields dipped to a three-month low on Tuesday, buoyed by easing oil prices and receding geopolitical tensions. The benchmark 10-year note closed lower as market anxiety subsided. Analysts anticipate yields to remain within a narrow band this week. Meanwhile, anticipation builds for a potential inclusion in a…

The Economic Times · Jun 23

India 10-year yield snaps 6-day falling streak as US-Iran talks stall

India's benchmark 10-year bond yield saw a pause in its recent drop on Friday. This change was fueled by stalled talks between the U.S. and Iran, which caused oil prices to tick up, negatively impacting investor sentiment. Additionally, profit-taking by traders following a strong bond price increase played a role.…

The Economic Times · Jun 19

RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes

India faces significant economic risks from the West Asia conflict, including potential disruptions to oil and fertilizer imports via the Strait of Hormuz and reduced remittances from the Gulf. El Niño-induced monsoon failures also pose a threat to agriculture. Despite these vulnerabilities, the nation's strong foreign exchange reserves and fiscal…

The Economic Times · Jun 19

Ample world inventories may soften El Nino food supply shock

A potential super El Niño is expected to disrupt global weather patterns and threaten agricultural output in the coming months, but large existing food inventories and strong harvests in key producing regions may soften the impact.

The Economic Times · Jun 19

Not just El Nino: What else is holding back India's monsoon?

India's monsoon has slowed significantly. A weak surge from the Arabian Sea and missing weather systems are causing a rainfall deficit. This pause impacts the kharif sowing season. Meteorologists are monitoring conditions for renewed monsoon activity. Farmers are advised to prepare for potential low rainfall.

The Economic Times · Jun 19

War, oil and El Nino: Triple threat may cut India Inc's profit margins by 150 bps

India Inc faces challenges ahead. Geopolitical tensions in West Asia and El Nino conditions may hurt company profits. Operating profit margins could shrink. Rural demand might be disrupted. Revenue growth is projected to slow down. Companies may face higher costs for imports and fuel. Some sectors show resilience in investment.…

The Economic Times · Jun 18

El Nino fear pushes farmers in Srikakulam and Vizianagaram towards water-saving paddy methods

Farmers in Andhra Pradesh's Srikakulam and Vizianagaram districts are shifting to water-saving rice farming techniques. Facing potential El Nino impacts, cultivators are embracing Direct Seeded Rice and Alternate Wetting and Drying. These methods significantly reduce water usage and labor costs. The Dr Reddy's Foundation is actively promoting these changes, alongside…

The Economic Times · Jun 18

Domestic tractor wholesale volumes likely to grow at 1-4% in FY27: ICRA

Tractor sales are set for modest growth this fiscal year. However, a below-normal monsoon forecast poses a risk to agricultural output and sales. Despite this, manufacturers' margins are expected to remain healthy. Strong farm cash flows and government support continue to underpin the sector. Industry growth may moderate due to…

The Economic Times · Jun 17