Trade4go Summary
Heavy rains and strong winds are forecasted in India's largest cotton and peanut growing regions, potentially causing floods and threatening crops. The Saurashtra and Kachchh regions of Gujarat are expected to receive heavy rainfall for three days, with a deep depression that may become a cyclone, causing wind speeds of up to 85 km/h. This could lead to significant damage to cotton plants, possibly forcing India to increase overseas purchases, and a drop in peanut production could tighten domestic supplies. The National Disaster Response Force has been deployed to rescue those affected by the floods, and advisories have been issued to oil explorers and port operators.
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Original content
India’s biggest cotton and peanut growing areas are forecast to continue witnessing heavy rains and strong winds this week, raising the risk of floods and threatening the crops that are just weeks away from harvesting. Saurashtra and Kachchh regions of the western state of Gujarat will receive heavy precipitation for three days through Saturday, according to the India Meteorological Department. A deep depression in the coastal parts may intensify into a cyclone on Friday, causing the wind speed to surge to as high as 85 kilometers (53 miles) per hour, it said in a bulletin Thursday. Any severe damage to cotton plants could put pressure on the South Asian nation to increase overseas purchases, potentially underpinning global prices of cotton that have slumped almost 15% this year. A likely drop in production of peanuts could tighten supplies of the commodity in the country that imports about 60% of its vegetable oil needs. Some parts of the state have already been facing flash ...