# AgroPages-Why a good monsoon may not bring good news for India's economy-Agricultural news

> Indian monsoon rains have been above average for four straight weeks through August 21, with the northwest receiving 63 percent more rain than normal in August. Excess rain is expected to refill reservoirs, but it may damage standing kharif crops and is unlikely to lift foodgrain output much.

- Date: 2019-08-23 · published 2019-08-23T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/57553-agropages-why-a-good-monsoon-may-not-bring-good-news-for-india-s-economy
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Excess rain and flood risk to standing paddy could trim Indian rice supply, though the impact on global prices is limited given the sowing is already complete.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-06-02 | [Good monsoon outlook in India tempers fears of rice export curbs \| Today News](https://feedsoft.ai/events/40904-good-monsoon-outlook-in-india-tempers-fears-of-rice-export-curbs-today-news.md) | -1.3% | -4.1% |
| RICE | 2018-04-17 | [Why the monsoon is so crucial for India, Prime Minister Narendra Modi](https://feedsoft.ai/events/65470-why-the-monsoon-is-so-crucial-for-india-prime-minister-narendra-modi.md) | +0.1% | -5.6% |
| RICE | 2017-10-08 | [Mapping the not-so-normal monsoon  - The Hindu](https://feedsoft.ai/events/68439-mapping-the-not-so-normal-monsoon-the-hindu.md) | +2.5% | -5.0% |
| RICE | 2019-11-15 | [Managing El Niño and La Niña in agriculture in Southeast Asia](https://feedsoft.ai/events/55981-managing-el-nino-and-la-nina-in-agriculture-in-southeast-asia.md) | +5.1% | +7.4% |
| RICE | 2018-10-22 | [Managing El Niño And La Niña In Lao Agriculture](https://feedsoft.ai/events/62469-managing-el-nino-and-la-nina-in-lao-agriculture.md) | -2.8% | -1.3% |

## Sources

- news.agropages.com: https://news.agropages.com/News/NewsDetail---31716.htm

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