poor monsoon in indiaAccording to  a recent report it has been indicated  that the  total area planting to India’s 2015-16 Kharif (main) rice crop (June – December) is lagging behind from the last year due to poor post-monsoon rains. Under this plantation, the Agriculture Ministry informed   that total rice planted area stood at around 37.72 million hectares as of October 9, 2015, which is slightly down from around 37.79 million hectares planted during the same time last year.

Further, it has been revealed that India received 42% below-average rainfall as of October 8, according to the Indian Meteorological Department (IMD). While, the North-west, Central, and North-East regions received 99%, 59%, and 64% below average rains respectively. However, the southern region received 20% above the average rains.

As per report, it has been indicated that a drought-inducing El Nino is likely to be expected to lower production prospects in India this year. By extending the drought conditions, these are already dampening production prospects in Thailand, Indonesia and the Philippines. Rice prices in Asia are also expected to increase due to expected lower supplies.

Furthermore, the government of India forecasts 2015-16 kharif (June – December) rice production at around 90.6 million tons, which is slightlyshanti rice down from around 90.86 million tons obtained in 2014-15. In this context, it has also been narrated by the Agriculture Ministry that the total Kharif crop sown area stands at 103.715 million hectares as on October 9, 2015, that is slightly up from around 102.05 million hectares during the same period last year.