# Why Indian farmers worry despite 'average' monsoon rains

> Indian farmers have planted paddy rice on an area 6% smaller than in 2022, despite average monsoon rains. Industry officials expect the area to decline marginally, even though New Delhi raised the rice purchase price to encourage planting.

- Date: 2023-07-18 · published 2023-07-18T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/5099-why-indian-farmers-worry-despite-average-monsoon-rains
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A smaller Indian rice area reduces expected output and export availability, supporting global rice prices. It also suggests that the government's price support is not yet offsetting weather and cost concerns.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-07-20 | [After second wave, patchy monsoon rains are raising growth and inflation worries for India](https://feedsoft.ai/events/46033-after-second-wave-patchy-monsoon-rains-are-raising-growth-and-inflation-worries.md) | +3.9% | +3.9% |
| 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 | 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% |

## Sources

- reuters.com: https://www.reuters.com/world/india/why-indian-farmers-worry-despite-average-monsoon-rains-2023-07-18/

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