India: Monsoon rains sharply lower average

Posted by Washington Post: Juliet Eilperin on July 10th, 2014
Reuters: 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......

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