# Shadow of El Nino over growth - The HinduBusinessLine

> An opinion piece warns that an El Niño event could cut India's farm output and GDP, since about 60% of crops depend on monsoon rainfall. It highlights risks to rice, pulses, oilseeds and cotton, noting the last strong El Niño was in 2014-16.

- Date: 2023-03-10 · published 2023-03-10T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/36764-shadow-of-el-nino-over-growth-the-hindubusinessline
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected deficits in Indian kharif oilseeds and rice would tighten supplies and could lift prices, particularly for rice and oilseed-based meals.

## Read by commodity

- SBM: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-02-27 | [What if El Nino materialises in 2023? - The HinduBusinessLine](https://feedsoft.ai/events/37250-what-if-el-nino-materialises-in-2023-the-hindubusinessline.md) | +1.2% | +6.4% |
| RICE | 2023-03-14 | [Two global weather bodies declare El Nino ‘watch’ - The HinduBusinessLine](https://feedsoft.ai/events/36759-two-global-weather-bodies-declare-el-nino-watch-the-hindubusinessline.md) | +5.8% | +3.7% |
| RICE | 2023-05-05 | [‘Developing’ El Nino may hit India’s maize, soya and rice output, says FAO   - The HinduBusinessLine](https://feedsoft.ai/events/35870-developing-el-nino-may-hit-india-s-maize-soya-and-rice-output-says-fao-the.md) | +1.8% | -0.5% |
| RICE | 2026-05-01 | [Most models predict El Nino may last until January 2027: IMD - The HinduBusinessLine](https://feedsoft.ai/events/19189-most-models-predict-el-nino-may-last-until-january-2027-imd-the.md) | +8.1% | +16.8% |
| RICE | 2026-10-27 | [From maize to coffee, El Nino likely to affect various crops across the world - The HinduBusinessLine](https://feedsoft.ai/events/17051-from-maize-to-coffee-el-nino-likely-to-affect-various-crops-across-the-world.md) | +3.5% | — |
| SBM | 2021-03-10 | [Soyabean surge on CBOT sows hopes of higher oilseed crop in India - The HinduBusinessLine](https://feedsoft.ai/events/6560-soyabean-surge-on-cbot-sows-hopes-of-higher-oilseed-crop-in-india-the.md) | -3.0% | -2.9% |
| SBM | 2021-04-22 | [Data show tight supplies, not speculation, driving soyabean prices - The HinduBusinessLine](https://feedsoft.ai/events/47625-data-show-tight-supplies-not-speculation-driving-soyabean-prices-the.md) | +2.3% | -1.7% |
| SBM | 2026-03-20 | [Chicken prices soar in India on bird mortality, reduced weight  - The HinduBusinessLine](https://feedsoft.ai/events/20308-chicken-prices-soar-in-india-on-bird-mortality-reduced-weight-the.md) | -1.6% | +0.3% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/opinion/shadow-of-el-nino-over-growth/article66604920.ece

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