Commodity Champions: Experts discuss monsoon and food prices' trajectory

The promise of the impending monsoon has brought with it hopes of both temperatures and food prices cooling down. The Southwest Monsoon, which typically arrives in June and continues till September, contributes to 70 percent of India’s annual rainfall. This makes it critical for the farming sector and in turn, the country’s economy, given that agriculture accounts for 15 percent of the economy and employs more than half the population.

The Russia-Ukraine conflict and adverse global weather conditions have sent global food prices sky-high making this season all the more important in a domestic context.

Monsoon likely to be weak in first half of June: Skymet