The India Meteorological Department's forecast of early monsoon has come as a respite for the Central government, which has been drawing flak from all corners for its failure to rein in inflation.
According to experts, an early monsoon combined with increasing warehouse stocks may bring the prices of agro-commodities down.
The expectation of a good and early monsoon this year has also brought back hopes of higher production and productivity to millions of farmers, which in turn will help curb price rise.
Prices of gaur and chana have fallen while that of many other commodities have turned bearish on the news of early rains.
While market analysts are non-committal on the effect of the early monsoon, some of them feel that a good distribution of rain would put a downward pressure on prices of agro-commodities.
It will be too early to take a call on the