# Explainer: Why El Nino is a concern for Indian monsoon rains?

> Reuters explains that El Niño poses a risk to Indian monsoon rains. Drought would require India to import food and keep export restrictions in place, while good rains could ease restrictions on sugar, wheat and rice.

- Date: 2023-05-16 · published 2023-05-16T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/35897-explainer-why-el-nino-is-a-concern-for-indian-monsoon-rains
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A weak monsoon would prolong Indian export curbs on grains and could force imports, tightening global supplies and supporting cereal prices.

## Read by commodity

- RICE: bullish ▲
- WHEAT: 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 | 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 | 2023-07-18 | [Why Indian farmers worry despite 'average' monsoon rains](https://feedsoft.ai/events/5099-why-indian-farmers-worry-despite-average-monsoon-rains.md) | +5.4% | +1.8% |
| 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% |
| RICE | 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) | -0.6% | +1.1% |
| WHEAT | 2024-06-21 | [Explainer: Why food prices will remain high in India \| Reuters](https://feedsoft.ai/events/29727-explainer-why-food-prices-will-remain-high-in-india-reuters.md) | -6.9% | -4.7% |
| WHEAT | 2026-04-24 | [Explainer: How El Nino could impact the world's weather in 2026/27 \| Reuters](https://feedsoft.ai/events/19629-explainer-how-el-nino-could-impact-the-world-s-weather-in-2026-27-reuters.md) | +0.2% | +1.4% |
| WHEAT | 2023-04-27 | [El Nino May Boost Soil Moisture in May for South American Wheat](https://feedsoft.ai/events/36317-el-nino-may-boost-soil-moisture-in-may-for-south-american-wheat.md) | +1.1% | -2.6% |

## Sources

- reuters.com: https://www.reuters.com/world/india/why-el-nino-is-concern-indian-monsoon-rains-2023-05-16/

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