Weak monsoon may cut paddy acreage, raising concerns over rice output, inflation
Paddy acreage may decline this kharif season due to below-normal monsoon rainfall and the return of El Niño, raising concerns over rice output and inflation. The India Meteorological Department reported June's rainfall was 39.8% below the long-term average, with predictions of continued below-normal rains in July. While a smaller harvest could increase rice prices, ample government stocks are expected to mitigate immediate supply issues and food security concerns.