Industry Odisha Bureau, May 25: Due to the forecast made by the India Meteorological Department (IMD) hinting at early onset as well as below-normal monsoon this year, the Government of India (GoI) is expected to make a review of the inflationary pressures on the country’s economy after June 15 so that the necassry decisions could be undertaken to contain the situation having emerged then.
Sources informed that the GoI is very much concerned about the Super El Nino affecting the monsoon this year, as has been warned well in advance both by the IMD and several other international agencies, and also very much concerned about the ongoing high fuel costs triggered by the unresolved West Asia crisis.
The GoI is believed to be in a wait and watch mode as the annual south-west monsoon’s overall rainfall distribution pattern in India would become crytal clear by June 15 this year. Also, the probable inflationary pressures could be gauged and the requisite measures to contain the emerging exigencies could also be undertaken accordingly then.
Notably, the IMD’s projection states that the annual south-west monsoon’s rainfall in India is likely to be around “92% of the Long Period Average (LPA), which falls in the below normal category, while the LPA for the June-September monsoon season is 87 cm.”
Sources informed, “GoI would initiate all-out efforts not only to contain inflationary pressures, but also to ensure adequate availability of essential commodities as it is being claimed that there is enough stock of foodgrains in case of below-normal rainfall as warned by the IMD. Buffer stocks of rice, wheat and pulses could be released into the markets along with the imposition of stock limits preventing hoardings and blackmarketings.”
If the bulletin on food grain reportedly released by the Department of Food and Public Distribution, under th Ministry of Consumer Affairs, Food and Public Distribution, for April 2026 is taken into account, “The total stock of rice and wheat held by the Food Corporation of India (FCI) and state agencies stood at 81.75 million tonnes (MT) as on May 1 including 38.95 million tonnes (MT) of rice and 42.79 million tonnes (MT) of wheat.”
