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▼ Bearish for Indian equities
'Biggest El Niño ever recorded': Economist Sanjeev Sanyal highlights record-breaking Pacific heat
The brief
- WMO warned the event could become the strongest El Niño ever recorded
- A stronger El Niño could disrupt monsoon-dependent agriculture and affect Indian consumer-goods demand
- Demand estimate of fertilizer for Rabi 2026-27 may be 2 LT higher
- Major impact on kharif crops seen from monsoon deficit, uneven rainfall
- Fertiliser sales slide as poor rains cloud kharif season