29 August 2011

Southwest Monsoon -Stable progress ::Emkay

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


Southwest Monsoon
Stable progress


Stable progress
The advancement of the Southwest monsoon after gathering some momentum in the earlier three weeks showed stable progress during the week ended 24th August 2011. The cumulative rainfall for the season till Aug 24, 2011 remained stable at 1% below normal with number of deficient/scanty divisions at 4, similar to preceding week.
The total rainfall till date is about 73.8% of the normal (see table VI) rainfall for the full season compared with 57.8% for the corresponding period last year.
…with some improvement in rain dependent areas
For the week ended Aug 24, 2011, cumulative rainfall in rain dependent areas improved to 3.4% above normal from 2.9% above normal in preceding week. The improvement was primarily drive by higher rainfall in Maharashtra and Southern region. However rainfall in the eastern region continues to remain deficient with orissa and chattisgarh reporting 15-23% below normal rainfall. 
Reservoir levels at 71% of their FRL’s
The reservoir levels stand at 71% of their full reservoir level (FRL) as against 56% Long Period Average (LPA).
Forecast rainfall for central and western coastal regions
As the advancement of the monsoon continues, central region and western coastal region in India are likely to receive a good amount of rainfall with rest of India expected to receive subdued rainfall.
Overall acreage broadly stable; Pulses and coarse cereals reported substantial decline in acreage
Though acreage under major crops remained broadly stable at ~93.9mn hectares, crops like Pulses and Coarse cereals reported decline of 11% and 8.5% in acreage.

No comments:

Post a Comment