Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f59138349ea-trace').style.display = (document.getElementById('cakeErr67f59138349ea-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f59138349ea-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f59138349ea-code').style.display = (document.getElementById('cakeErr67f59138349ea-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f59138349ea-context').style.display = (document.getElementById('cakeErr67f59138349ea-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f59138349ea-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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		&#039;title&#039; =&gt; &#039;India confirms drought as El Nino looms&#039;,
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		&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
-Reuters
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&lt;br /&gt;
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Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;
&lt;/div&gt;
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&lt;br /&gt;
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The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.
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&lt;br /&gt;
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&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.
&lt;/div&gt;
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&lt;br /&gt;
&lt;/div&gt;
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Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.
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&lt;br /&gt;
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However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.
&lt;/div&gt;
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&lt;br /&gt;
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Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.
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&lt;br /&gt;
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But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-Reuters&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 16350,
	&#039;title&#039; =&gt; &#039;India confirms drought as El Nino looms&#039;,
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	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
-Reuters
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 3 August, 2012, http://timesofindia.indiatimes.com/india/India-confirms-drought-as-El-Nino-looms/articleshow/15335714.cms&#039;,
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-Reuters&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half..."/>
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                <strong>India confirms drought as El Nino looms</strong></h1>
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                <div style="text-align: justify">-Reuters</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 percent of a 50-year average.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country's annual rainfall and half of that is usually delivered in June and July.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Gold, silver sales to drop</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world's top consumers of the precious metals.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Scrap will flood the market and gold imports could drop by 50 percent,&quot; said Prithviraj Kothari, president of Bombay Bullion Association.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&quot; D.S. Pai, lead forecaster of the IMD, said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect the effect of El Nino in September and October, and not before,&quot; Pai said over the phone from the western city of Pune.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year's levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.</div><div style="text-align: justify"><br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f59138349ea-trace').style.display = (document.getElementById('cakeErr67f59138349ea-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f59138349ea-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f59138349ea-code').style.display = (document.getElementById('cakeErr67f59138349ea-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f59138349ea-context').style.display = (document.getElementById('cakeErr67f59138349ea-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f59138349ea-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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		&#039;title&#039; =&gt; &#039;India confirms drought as El Nino looms&#039;,
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-Reuters
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&lt;br /&gt;
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Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
&lt;/div&gt;
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&lt;br /&gt;
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India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.
&lt;/div&gt;
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&lt;br /&gt;
&lt;/div&gt;
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Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.
&lt;/div&gt;
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&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Times of India, 3 August, 2012, http://timesofindia.indiatimes.com/india/India-confirms-drought-as-El-Nino-looms/articleshow/15335714.cms&#039;,
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-Reuters&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 16350,
	&#039;title&#039; =&gt; &#039;India confirms drought as El Nino looms&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
-Reuters
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 3 August, 2012, http://timesofindia.indiatimes.com/india/India-confirms-drought-as-El-Nino-looms/articleshow/15335714.cms&#039;,
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-Reuters&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half..."/>
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                <strong>India confirms drought as El Nino looms</strong></h1>
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                <div style="text-align: justify">-Reuters</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 percent of a 50-year average.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country's annual rainfall and half of that is usually delivered in June and July.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Gold, silver sales to drop</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world's top consumers of the precious metals.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Scrap will flood the market and gold imports could drop by 50 percent,&quot; said Prithviraj Kothari, president of Bombay Bullion Association.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&quot; D.S. Pai, lead forecaster of the IMD, said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect the effect of El Nino in September and October, and not before,&quot; Pai said over the phone from the western city of Pune.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year's levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.</div><div style="text-align: justify"><br /></div>               </font>
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-Reuters
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Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
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India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.
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This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.
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Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.
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The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.
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Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.
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Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.
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Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.
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&lt;div style=&quot;text-align: justify&quot;&gt;
Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Times of India, 3 August, 2012, http://timesofindia.indiatimes.com/india/India-confirms-drought-as-El-Nino-looms/articleshow/15335714.cms&#039;,
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	&#039;articleid&#039; =&gt; (int) 16350,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | India confirms drought as El Nino looms&#039;,
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-Reuters&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 16350,
	&#039;title&#039; =&gt; &#039;India confirms drought as El Nino looms&#039;,
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-Reuters
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 3 August, 2012, http://timesofindia.indiatimes.com/india/India-confirms-drought-as-El-Nino-looms/articleshow/15335714.cms&#039;,
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-Reuters&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India, one of the world&#039;s largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Monsoon rains are considered deficient - a drought in layman&#039;s terms - if they fall below 90 percent of a 50-year average.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &amp;quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country&#039;s annual rainfall and half of that is usually delivered in June and July.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Gold, silver sales to drop&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world&#039;s top consumers of the precious metals.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Scrap will flood the market and gold imports could drop by 50 percent,&amp;quot; said Prithviraj Kothari, president of Bombay Bullion Association.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&amp;quot; D.S. Pai, lead forecaster of the IMD, said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;We expect the effect of El Nino in September and October, and not before,&amp;quot; Pai said over the phone from the western city of Pune.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year&#039;s levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half..."/>
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                <strong>India confirms drought as El Nino looms</strong></h1>
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                <div style="text-align: justify">-Reuters</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 percent of a 50-year average.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country's annual rainfall and half of that is usually delivered in June and July.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Gold, silver sales to drop</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world's top consumers of the precious metals.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Scrap will flood the market and gold imports could drop by 50 percent,&quot; said Prithviraj Kothari, president of Bombay Bullion Association.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&quot; D.S. Pai, lead forecaster of the IMD, said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect the effect of El Nino in September and October, and not before,&quot; Pai said over the phone from the western city of Pune.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year's levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.</div><div style="text-align: justify"><br /></div>               </font>
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-Reuters
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 percent of a 50-year average.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&quot;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country's annual rainfall and half of that is usually delivered in June and July.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Gold, silver sales to drop</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world's top consumers of the precious metals.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Scrap will flood the market and gold imports could drop by 50 percent,&quot; said Prithviraj Kothari, president of Bombay Bullion Association.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&quot; D.S. Pai, lead forecaster of the IMD, said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;We expect the effect of El Nino in September and October, and not before,&quot; Pai said over the phone from the western city of Pune.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year's levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.
</div>
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<br />
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half...',
	'disp' => '<div style="text-align: justify">-Reuters</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 percent of a 50-year average.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country's annual rainfall and half of that is usually delivered in June and July.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Gold, silver sales to drop</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world's top consumers of the precious metals.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Scrap will flood the market and gold imports could drop by 50 percent,&quot; said Prithviraj Kothari, president of Bombay Bullion Association.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&quot; D.S. Pai, lead forecaster of the IMD, said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect the effect of El Nino in September and October, and not before,&quot; Pai said over the phone from the western city of Pune.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year's levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.</div><div style="text-align: justify"><br /></div>',
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	'title' => 'India confirms drought as El Nino looms',
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	'description' => '<div style="text-align: justify">
-Reuters
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 percent of a 50-year average.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&quot;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country's annual rainfall and half of that is usually delivered in June and July.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Gold, silver sales to drop</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world's top consumers of the precious metals.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Scrap will flood the market and gold imports could drop by 50 percent,&quot; said Prithviraj Kothari, president of Bombay Bullion Association.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&quot; D.S. Pai, lead forecaster of the IMD, said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;We expect the effect of El Nino in September and October, and not before,&quot; Pai said over the phone from the western city of Pune.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year's levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.
</div>
<div style="text-align: justify">
<br />
</div>',
	'credit_writer' => 'The Times of India, 3 August, 2012, http://timesofindia.indiatimes.com/india/India-confirms-drought-as-El-Nino-looms/articleshow/15335714.cms',
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-Reuters





Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half...'
$disp = '<div style="text-align: justify">-Reuters</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 percent of a 50-year average.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: &quot;Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country's annual rainfall and half of that is usually delivered in June and July.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Gold, silver sales to drop</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world's top consumers of the precious metals.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Scrap will flood the market and gold imports could drop by 50 percent,&quot; said Prithviraj Kothari, president of Bombay Bullion Association.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far,&quot; D.S. Pai, lead forecaster of the IMD, said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We expect the effect of El Nino in September and October, and not before,&quot; Pai said over the phone from the western city of Pune.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year's levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.</div><div style="text-align: justify"><br /></div>'
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India confirms drought as El Nino looms

-Reuters Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season. India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it to import sugar, pushing global prices higher. This time around, global grain prices are soaring as the United States wilts in its own drought - the worst in the country for half a century. Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 percent of a 50-year average. The India Meteorological Department (IMD) said rains over the entire June to September season were now expected to be less than 90 percent of long-term averages. This is the first time it has forecast deficient rains at this point in the season. Between June 1 and August 1, rainfall was about 19 percent below average, close to the 23 percent shortfall in the 2009 season. Agriculture minister Sharad Pawar is touring the worst-affected states and ministers will meet again to discuss the situation when he returns to Delhi. Poor monsoon rains have already pushed up food prices and food minister K V Thomas has said that the government is watching volatility in some commodity futures. Some analysts do not see prices rising further. Gnanasekar Thiagarajan, director of Mumbai brokerage Commtrendz Research, said: "Most of the prices of agricultural commodities have already reacted to this deficient monsoon. Agri prices are not going to go up much from current levels; prices will take a breather right now." The monsoon is vital for the 55 percent or so of farmlands that do not have irrigation. The four-month season accounts for 75 percent of the country's annual rainfall and half of that is usually delivered in June and July. Gold, silver sales to drop Any major shortfall in monsoon rains can hit rural incomes and reduce demand for gold and silver in India, one of the world's top consumers of the precious metals. "Scrap will flood the market and gold imports could drop by 50 percent," said Prithviraj Kothari, president of Bombay Bullion Association. The IMD had at first forecast a normal monsoon, with rains at 96 percent of averages. "We expect normal rains in August, but they could be about 5-6 percent below average in September due to the possibility of El Nino, which has not influenced the monsoon so far," D.S. Pai, lead forecaster of the IMD, said. "We expect the effect of El Nino in September and October, and not before," Pai said over the phone from the western city of Pune. Rains had already improved in the second half of the key planting month of July, allowing planting of some crops to catch up with last year's levels. There was heavier rainfall in soybean areas of central India, cane areas of Uttar Pradesh state and the rice belt of eastern India. However, rains continued to be below average in the interior south and western areas that grow pulses, coarse cereals, oilseeds and cotton. Farmers have produced bumper grain harvests in recent years, providing the government with huge stockpiles of rice and wheat, which should buffer against any shortages. But the country is a major importer of pulses and edible oils, so any shortages could trigger increased imports. The government has suggested that it might ask state trading companies to tender for pulses purchases.