DELHI (Dow Jones) -- Monsoon rains forecast for the first week of July across India have failed to materialize, triggering fresh concern about the likely impact on crop production and prices.
"Things are not progressing as we were expecting with the monsoon," D Sivanand Pai, head of the India Meteorological Department's long-term forecasting division, said Tuesday. "We were expecting a stronger revival in the first week of July."
He said rainfall distribution had improved marginally from last month, but was being affected by Typhoon Neoguri in the western Pacific, which had sucked out moisture from the Indian subcontinent.
India is ...