Traderji.com - Discussion forum for Stocks Commodities & Forex

Monsoon hits Kerala coast

Discuss Monsoon hits Kerala coast at the Current Affairs within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Monsoon hits Kerala coast The southwest monsoon hit India's southern Kerala coast on Sunday, about ...


Go Back   Traderji.com - Discussion forum for Stocks Commodities & Forex > COMMUNITY CENTRE > Current Affairs

Notices

Current Affairs Discuss the latest happenings in the world of trading and investing here.


Advertise Here

Reply
 
Thread Tools
Sponsored Links
  #1  
Old 6th June 2005, 08:32 AM
Supporting Member
 
Join Date: Mar 2004
Posts: 340
Thanks: 0
Thanked 17 Times in 7 Posts
TATrader will become famous soon enoughTATrader will become famous soon enough
Reputation: 139
Default Monsoon hits Kerala coast

Monsoon hits Kerala coast

Quote:
The southwest monsoon hit India's southern Kerala coast on Sunday, about four days later than normal, but the delay is not likely to have any bad impact on crops, weather officials and traders said.

"The monsoon today advanced over southern parts of Kerala and some parts of Tamil Nadu and the south Arabian Sea," A.B. Mazumdar, director of the Meteorological Department's weather forecasting centre said, adding heavy rains were likely.

The arrival of the monsoon, the lifeblood of India's agriculture sector, is keenly watched as two-thirds of the billion-plus population earn a living from the sector, which generates about a quarter of gross domestic product.

Almost two-thirds of farmland rely on the monsoon for water.

It normally arrives on June 1 but the weather bureau had forecast it could be delayed up to a week. The bureau forecast a normal monsoon with 98 percent of long-term average rains.

But the government's Centre for Mathematical Modelling and Computer Simulation said on Thursday the rains were expected to be 34 percent below normal in June and 12 percent in July, crucial months for crop sowing.

The weather department is standing by its forecast.

A significant delay in the monsoon affects sowing of crops such as rice, oilseeds and cotton -- planted in June and July and harvested in October and November.

A bad monsoon also hits rural incomes, crucial to demand in Asia's fourth-largest economy, and lifts edible oils imports in the world's largest buyer because most oilseed-growing regions depend on the rains.

In the fiscal year to March, 2003, economic growth fell to 4 percent from 5.6 percent a year earlier after the worst monsoon in a decade in 2002, but surged to 8.5 percent in 03/04 on good and widespread rains.

Last year's monsoon was 13 percent below normal, hitting output of oilseeds and sugar and shaving growth to 6.9 percent for the fiscal year just ended.


CROP OUTLOOK

Another weather official said parts of Kerala had received good rain in the past 24 hours and the winds and cloud formation suggested heavy rains over the next 24.

Traders are closely watching the time between the rains in June and July and the overall spread.

"The four-day delay is not going to make too much of a difference," said Adani Exports Ltd president Atul Chaturvedi. "As long as monsoon rains are alright in June and July, sowing operations can take off in the right manner.

"But the spread of the rainfall in major crop growing areas is going to be very important. If rains are good in the two months, we are almost through."

A good monsoon is also crucial for sugarcane. Delayed and poor rain in the past two years cut sugar output to a forecast 13 million tonnes this crop year from 13.8 million the previous year and 20 million in the harvest year to October, 2003.

That took India from being a sugar exporter to an importer, buying about 2.5 million tonnes of raw sugar over the two years.

"A timely onset of the monsoon in major sugarcane producing areas will boost plantings of the 18-month duration crop," said Maharashtra State Cooperative Sugar Factories Federation managing director Prakash Naiknavare.

Maharashtra, the largest sugar state, saw little planting of the 18-month crop last year due to a delayed monsoon.
Reply With Quote
  #2  
Old 7th June 2005, 08:19 PM
Moderator
 
Join Date: Jul 2004
Posts: 7,201
Thanks: 304
Thanked 4,960 Times in 1,033 Posts
Saint has a reputation beyond repute
Saint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond reputeSaint has a reputation beyond repute
Reputation: 5038
Default Re: Monsoon hits Kerala coast

thanks for the write-up,TATrader
Reply With Quote
Sponsored Links

Reply

Bookmarks


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads for: Monsoon hits Kerala coast
Thread Thread Starter Forum Replies Last Post
Monsoon forecast for 2005 TATrader Current Affairs 0 18th April 2005 08:34 AM
Tsunami hits South India TATrader General Chit Chat 2 1st January 2005 06:49 PM
Monsoon & trends of the Indian Stock Market Neal General Trading & Investing Chat 2 17th July 2004 07:07 PM


All times are GMT +5.5. The time now is 04:26 PM.

Indemnity, Disclaimer & Disclosure Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum Rules Disclaimer & Disclosure and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © 2001 - 2008, Traderji.com All Rights Reserved.

Recommended Websites - www.TradersEdgeIndia.com - www.TradingPicks.com - www.MasterOfTrading.com