# India on track for lowest monsoon rains in 8 years -sources

> Reuters sources say India is on track for its lowest monsoon rains in eight years. The monsoon delivers nearly 70% of the country's rainfall, and nearly half of farmland lacks irrigation.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: weather · region India · magnitude high
- Page: https://feedsoft.ai/events/34477-india-on-track-for-lowest-monsoon-rains-in-8-years-sources
- 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 weak monsoon cuts kharif crop output such as rice and soybeans, supporting prices and raising the likelihood of further Indian export restrictions.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| RICE | 2019-10-11 | [Why strong monsoon rains are not necessarily good news for Indian farmers](https://feedsoft.ai/events/56514-why-strong-monsoon-rains-are-not-necessarily-good-news-for-indian-farmers.md) | -0.4% | -2.2% |
| 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 | 2019-08-14 | [What The Current Late Monsoon Rainfalls Mean For India’s Agriculture](https://feedsoft.ai/events/57554-what-the-current-late-monsoon-rainfalls-mean-for-india-s-agriculture.md) | -4.1% | +3.4% |
| SOY | 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) | -0.7% | +1.7% |
| SOY | 2021-08-12 | [India gets below-average monsoon rains for second straight week](https://feedsoft.ai/events/45522-india-gets-below-average-monsoon-rains-for-second-straight-week.md) | -3.4% | -10.4% |
| SOY | 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) | -0.7% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/world/india/india-track-lowest-monsoon-rains-8-years-sources-2023-08-28/

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