India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Southwest Monsoon
|
The progress slows down
|
Advancement of the monsoon falters
The advancement of the rainfall faltered sharply as the rainfall for the week ended July 06, 2011 stood at 25.1% below normal as against 10% above normal rains in the preceding week. However cumulative rainfall for the season till July 06, 2011 stood 1.2% above normal.
The number of divisions with Excess/ Norman rainfall continued to stand at ~27 (out of 36) for the week ended July 06, 2011. The total rainfall till date is about 24.5% of the normal (see table VI) rainfall for the full season compared with 22.9% for the corresponding period last year.
Lower rains in important agricultural states
For the week ended July 06, 2011, rainfall in rain dependent areas came down to 29.9% below normal from 15.9% above normal in preceding week. However rainfall for the season still stood at 6.9% above normal in rain dependent areas. However certain key agri states like Gujarat,Maharashtra and Andhra Pradesh received 22-80% below normal rainfall for the season till date.
Reservoir levels at 27% of their FRL’s
The reservoir levels stand at 27% of their full reservoir level (FRL) and at twice of their LPA.
Forecast rainfall for parts of central, eastern and north eastern regions
As the advancement of the monsoon continues, parts of central, eastern and north eastern regions in India are likely to receive a good amount of rainfall with rest of India expected to receive lesser rainfall.
Major crop acreage at ~30mn hectares down 3.7%yoy
Acreage under major crops increased decreased to ~30mn hectares from 31.1mn hectares last year; decrease of 3.7%. Sown area under Cotton and Coarse cereals decreased by ~32.5% and 10.7% respectively as compared to the same period last year whereas area under rice, pulses and sugarcane saw an increase.
No comments:
Post a Comment