India's erratic monsoon threatens crops and food prices, 38% deficit
India's southwest monsoon is all over the place this year. Mumbai is still waiting for its rains, while West Bengal and Tamil Nadu are getting soaked.
360 ONE Capital Research says there is a 38% rainfall deficit so far, which could hit crop yields and push up food prices.
Mumbai orange alert, regional weather warnings
Mumbai's usual June showers are late, and the city just got an Orange alert for thunderstorms and strong winds. Several areas, including Bandra East, witnessed pre-monsoon showers in the morning.
Meanwhile, Kolkata faced heavy rainfall and traffic jams, with North Bengal districts on Red alert.
In Tamil Nadu, heavy rain is expected in places like Nilgiris and Coimbatore, and fishermen are being warned about rough seas in the Bay of Bengal.
Central India is stuck in heatwave mode for now.