# India's monsoon rains hit five-year low due to El Nino

> India's monsoon rains are at a five-year low because of El Niño. The monsoon supplies nearly 70% of the country's rain for crops and reservoirs, and shortfalls could raise prices for staples such as sugar, pulses, rice and vegetables.

- Date: 2023-09-30 · published 2023-09-30T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/34001-india-s-monsoon-rains-hit-five-year-low-due-to-el-nino
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weak Indian monsoon cuts kharif rice and coarse grain output, and India's large rice exports could tighten, supporting global rice and feed grain prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-08-28 | [India on track for lowest monsoon rains in 8 years -sources](https://feedsoft.ai/events/34477-india-on-track-for-lowest-monsoon-rains-in-8-years-sources.md) | +6.2% | +1.1% |
| RICE | 2023-05-16 | [Explainer: Why El Nino is a concern for Indian monsoon rains?](https://feedsoft.ai/events/35897-explainer-why-el-nino-is-a-concern-for-indian-monsoon-rains.md) | -5.7% | +3.4% |
| RICE | 2026-04-13 | [IMD Forecasts Below Normal South West Monsoon Rainfall in 2026, El Niño to Impact India’s Kharif Season](https://feedsoft.ai/events/19635-imd-forecasts-below-normal-south-west-monsoon-rainfall-in-2026-el-nino-to.md) | +2.8% | +9.5% |
| RICE | 2024-08-29 | [Prolonged Monsoon Rains Threaten India’s Crop Outlook \| Headlines](https://feedsoft.ai/events/28729-prolonged-monsoon-rains-threaten-india-s-crop-outlook-headlines.md) | +2.3% | -1.4% |
| RICE | 2018-08-01 | [India's monsoon rain forecast cut, farm output seen at risk \| The Star](https://feedsoft.ai/events/63497-india-s-monsoon-rain-forecast-cut-farm-output-seen-at-risk-the-star.md) | -8.4% | -11.1% |
| CORN | 2026-08-24 | [India faces weakest monsoon in nearly two decades as El Nino strengthens \| MarketScreener India](https://feedsoft.ai/events/17831-india-faces-weakest-monsoon-in-nearly-two-decades-as-el-nino-strengthens.md) | +3.4% | +6.9% |
| CORN | 2024-02-07 | [Shift from El Nino to La Nina portends rains in Asia, dryness in Americas \| Reuters](https://feedsoft.ai/events/31585-shift-from-el-nino-to-la-nina-portends-rains-in-asia-dryness-in-americas-reuters.md) | -1.1% | +0.3% |
| CORN | 2023-10-09 | [Explained: How is ‘below normal’ monsoon 2023 impacting India’s economy](https://feedsoft.ai/events/33579-explained-how-is-below-normal-monsoon-2023-impacting-india-s-economy.md) | -0.2% | -3.4% |

## Sources

- reuters.com: https://www.reuters.com/world/india/indias-monsoon-rains-hit-five-year-low-due-el-nino-2023-09-30/

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