# RMSI Cropalytics To Give Final Crop Estimate In May To SEA

> The Solvent Extractors' Association of India reports a forecast of normal monsoon rainfall for 2024 at 106% of the long period average. The association expects good conditions for kharif sowing from June and backs government goals for edible oil self-sufficiency.

- Date: 2024-04-22 · published 2024-04-22T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/30857-rmsi-cropalytics-to-give-final-crop-estimate-in-may-to-sea
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A normal monsoon improves the outlook for Indian oilseed output, which can ease import demand for edible oils and soymeal over time. The effect on prices is gradual and depends on actual rainfall.

## Read by commodity

- SBM: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-11-01 | [IRI – International Research Institute for Climate and Society \| October Climate Briefing: El Niño Remains Neutral](https://feedsoft.ai/events/55983-iri-international-research-institute-for-climate-and-society-october-climate.md) | +12.8% | +16.7% |
| PALMOIL | 2017-07-19 | [IRI – International Research Institute for Climate and Society \| 2017 July Quick Look](https://feedsoft.ai/events/69874-iri-international-research-institute-for-climate-and-society-2017-july-quick.md) | +1.4% | +4.0% |
| PALMOIL | 2017-06-15 | [IRI – International Research Institute for Climate and Society \| 2017 June Quick Look](https://feedsoft.ai/events/70407-iri-international-research-institute-for-climate-and-society-2017-june-quick.md) | -0.2% | +3.1% |
| PALMOIL | 2017-07-24 | [IRI – International Research Institute for Climate and Society \| July Climate Briefing: El Niño Odds Continue Downward Trend](https://feedsoft.ai/events/69873-iri-international-research-institute-for-climate-and-society-july-climate.md) | +0.7% | +3.8% |
| PALMOIL | 2017-06-19 | [IRI – International Research Institute for Climate and Society \| June Climate Briefing: El Niño Odds Continue Downward Trend](https://feedsoft.ai/events/70405-iri-international-research-institute-for-climate-and-society-june-climate.md) | -0.6% | +2.2% |
| SBM | 2026-04-06 | [Climate concerns second corn crop and soybean harvest advances to 82% in Brazil](https://feedsoft.ai/events/13439-climate-concerns-second-corn-crop-and-soybean-harvest-advances-to-82-in-brazil.md) | +4.0% | +2.7% |
| SBM | 2024-01-18 | [Have Brazilian soybean estimates slipped too far from reality?](https://feedsoft.ai/events/13595-have-brazilian-soybean-estimates-slipped-too-far-from-reality.md) | +1.1% | -3.7% |
| SBM | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +8.1% | +6.2% |

## Sources

- fintechbiznews.com: https://www.fintechbiznews.com/business-trade-chambers/rmsi-cropalytics-to-give-final-crop-estimate-in-may-to-sea

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.