# Exclusive: India faces record low August rains, threatening summer crops | Reuters

> Reuters reports India's August rainfall is expected to be the lowest since records began in 1901. The shortfall could cut yields of summer-sown crops from rice to soybeans and lift food inflation, which rose in July to its highest since January 2020.

- Date: 2023-08-18 · published 2023-08-18T12:00:00.000Z
- Category: weather · region India · magnitude high
- Page: https://feedsoft.ai/events/34475-exclusive-india-faces-record-low-august-rains-threatening-summer-crops-reuters
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record-low monsoon threatens Indian rice and soybean output, tightening export availability and supporting global rice and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-08-02 | [Erratic Monsoon Rains Threaten Key Indian Grain, Food Crops - AgriBusiness Global](https://feedsoft.ai/events/69408-erratic-monsoon-rains-threaten-key-indian-grain-food-crops-agribusiness-global.md) | -1.8% | -0.7% |
| 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 | 2023-09-30 | [India's monsoon rains hit five-year low due to El Nino](https://feedsoft.ai/events/34001-india-s-monsoon-rains-hit-five-year-low-due-to-el-nino.md) | +0.8% | +1.9% |
| RICE | 2026-09-17 | [India rice output faces biggest drop in two decades, stocks cushion exports \| Reuters](https://feedsoft.ai/events/17442-india-rice-output-faces-biggest-drop-in-two-decades-stocks-cushion-exports.md) | +3.0% | +9.0% |
| RICE | 2024-03-14 | [US forecaster sees higher chance of La Nina conditions this summer \| Reuters](https://feedsoft.ai/events/31137-us-forecaster-sees-higher-chance-of-la-nina-conditions-this-summer-reuters.md) | +0.5% | -4.2% |
| SOY | 2023-06-22 | [Central US drought intensifies, threatening grains and soy \| Reuters](https://feedsoft.ai/events/9769-central-us-drought-intensifies-threatening-grains-and-soy-reuters.md) | -4.2% | -1.3% |
| SOY | 2023-11-03 | [Erratic weather threatens Brazil’s run at another record soy crop  \| Reuters](https://feedsoft.ai/events/13610-erratic-weather-threatens-brazil-s-run-at-another-record-soy-crop-reuters.md) | +1.8% | +1.6% |
| SOY | 2017-08-02 | [Erratic Monsoon Rains Threaten Key Indian Grain, Food Crops - AgriBusiness Global](https://feedsoft.ai/events/69408-erratic-monsoon-rains-threaten-key-indian-grain-food-crops-agribusiness-global.md) | +0.4% | -3.0% |

## Sources

- reuters.com: https://www.reuters.com/world/india/india-faces-record-low-august-rains-threatening-summer-crops-2023-08-18/

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