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Thursday, September 11, 2014

And what about the monsoon?


And what about the monsoon?

Economic Times - heavy rains narrow rainfall deficit from 15% to 11%.

This doesn't directly address the question of harvest yields.

But I guess we can hope that the farmers sowed late to miss that first horrible month, and that the monsoon might retreat later than usual so that the crops still get sufficient rainfall.

An 89% rainfall should, on the aggregate, have no negative effect on harvest tonnage, according to the past several years of data. It's only when you get 80% or less that the harvest craps out.

But I guess the market feels that Indian farmers aren't going to buy any gold anyway.


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