# Why the monsoon is so crucial for India, Prime Minister Narendra Modi

> The monsoon supplies about 70 percent of India's annual rainfall and drives yields of rice, wheat, sugarcane and soybeans. Farming accounts for about 15 percent of India's $2 trillion economy. The article notes India would need to import food after a drought, as it did with sugar in 2009.

- Date: 2018-04-17 · published 2018-04-17T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/65470-why-the-monsoon-is-so-crucial-for-india-prime-minister-narendra-modi
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Monsoon risk to Indian crops could tighten global rice, wheat and oilseed supplies if rains fail, lifting prices as India turns to imports.

## Read by commodity

- SBM: neutral
- RICE: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-08-23 | [AgroPages-Why a good monsoon may not bring good news for India's economy-Agricultural news](https://feedsoft.ai/events/57553-agropages-why-a-good-monsoon-may-not-bring-good-news-for-india-s-economy.md) | +6.3% | +13.3% |
| 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 | 2023-09-01 | [El Nino, La Nina impact on monsoon strongest in north, least in central India: Study](https://feedsoft.ai/events/34473-el-nino-la-nina-impact-on-monsoon-strongest-in-north-least-in-central-india.md) | -4.1% | -5.2% |
| 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 | 2018-12-03 | [Weak El Nino conditions developing in the Pacific this winter: IMD - The HinduBusinessLine](https://feedsoft.ai/events/61503-weak-el-nino-conditions-developing-in-the-pacific-this-winter-imd-the.md) | -2.0% | -7.3% |
| WHEAT | 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) | +4.8% | +2.1% |
| WHEAT | 2024-08-29 | [Prolonged Monsoon Rains Threaten India’s Crop Outlook \| Headlines](https://feedsoft.ai/events/28729-prolonged-monsoon-rains-threaten-india-s-crop-outlook-headlines.md) | +4.6% | +15.4% |
| WHEAT | 2025-05-29 | [Tariff Tangles Ignored: Why Corn and Soybeans Are Sticking to Weather, Not Washington, for Price Direction](https://feedsoft.ai/events/24701-tariff-tangles-ignored-why-corn-and-soybeans-are-sticking-to-weather-not.md) | +2.7% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/article/world/why-the-monsoon-is-so-crucial-for-india-prime-minister-narendra-modi-idUSKBN1HN1CG/

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