India: "Monsoon Rains Sharply Lower Than Average"

"Monsoon rainfall was 41 percent below average for the week ended July 9, the weather office said on its website on Thursday, the fifth straight week of poor rains after a late start to the season.

A poor monsoon season cuts exports, stokes food inflation and leads to lower demand for industries ranging from cars to consumer goods, while even a slow start can delay exports of some crops and increase the need for imports.

Rainfall was 53 percent below average in the previous week as the first month of the June-September rain season was the weakest in five years."

Ratnajyoti Dutta reports for Reuters July 11, 2014.

Friday, July 11, 2014