# El Nino may be 'neutral', raises hopes of normal rains this year | Economy & Policy News - Business Standard

> India Meteorological Department forecasts show El Niño is likely to stay neutral in May through July, with La Niña possible after July. The forecasts point to a normal southwest monsoon this year, which is critical because less than half of India's farmland is irrigated.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/54062-el-nino-may-be-neutral-raises-hopes-of-normal-rains-this-year-economy-and
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A normal monsoon improves prospects for Indian rice and pulse output, easing export demand pressure and supporting lower rice prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-05-15 | [Rice prices ease on high production  \| The Business Standard](https://feedsoft.ai/events/7505-rice-prices-ease-on-high-production-the-business-standard.md) | -7.9% | -7.8% |
| RICE | 2019-04-25 | [‘Near-normal monsoon may boost foodgrain production’ - The Hindu](https://feedsoft.ai/events/59580-near-normal-monsoon-may-boost-foodgrain-production-the-hindu.md) | +0.9% | +11.6% |
| RICE | 2018-10-07 | [Rice harvest nearly complete, yields and quality better than expected - Talk Business & Politics](https://feedsoft.ai/events/12054-rice-harvest-nearly-complete-yields-and-quality-better-than-expected-talk.md) | -1.2% | -1.1% |
| RICE | 2020-08-18 | [India's basmati rice production to be higher than last year's level due to monsoon boost - The Economic Times](https://feedsoft.ai/events/51562-india-s-basmati-rice-production-to-be-higher-than-last-year-s-level-due-to.md) | +2.4% | +1.5% |
| RICE | 2020-10-07 | [India's rice exports could jump to record on Thailand drought effects \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/50607-india-s-rice-exports-could-jump-to-record-on-thailand-drought-effects-commodity.md) | -3.1% | -1.1% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/el-nino-may-be-neutral-raises-hopes-of-normal-rains-this-year-120032000023_1.html

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