10% Short in July, 97% Forecast for August: Pricing a Monsoon That Refuses to Settle

Blitz Bureau NEW DELHI: July closes about 10% below its long period average of 280.4 mm, and the season’s cumulative deficit sits near 15% after a month that moved in four distinct phases: a 40% shortfall entering July, cut to about 14% by heavy first-week rain, back to 24% after a dry second week, then…