New Delhi, July 23 -- The uneven rainfall distribution across various states in the country implies a near-term supply-shock in prices of key crops, according to a report by ICICI Bank
The report highlighted that crop damage in certain regions, where rainfall has been deficient, could lead to upward pressure on prices.
According to the report, several states have received excess rainfall. Rajasthan recorded 118 per cent above the Long Period Average (LPA), Madhya Pradesh received 57 per cent above LPA, Gujarat saw 48 per cent above LPA, and Haryana received 24 per cent above LPA.
In contrast, Karnataka (8 per cent above LPA), West Bengal (4 per cent above LPA), and Chhattisgarh (3 per cent above LPA) have received normal rainfall.
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