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June-Sept monsoon season records 14% less rainfall

That makes this the first back-to-back drought in three decades, and only the fourth in more than a century. The scant rains have hit the yields of summer-sown crops, especially in the south of the country.

As per reports Shree Renuka Sugars have a total debt load of 3 billion reais ($735 million) after several years of losses amid low sugar and ethanol prices.

India's rabi crop output is seen at 132.78 mt in the current crop year versus 130.75 mt a year ago, Agriculture Minister Radha Mohan Singh said.

Govt has also asked state-owned MMTC to float a fresh tender for import of 10,000 tonnes on Friday.
While onion prices have spiraled up to Rs 80 per kg in retail markets, online grocery stores are offering them at Rs 40-69 per kg.
The tenders invited is for arrival of onions latest by September 15 via Wagah border, Kandla, JNPT and Chennai ports.
A strengthening El Nino weather pattern trimmed rainfall raising fears of the first drought in six years.
The union cabinet decided that farmers hit by the deficient monsoon this Kharif season would now get minimum assured employment of 150 days under the MGNREGS.
Laxman Singh Rathore, director general of India Meteorological Department (IMD), said the monsoon could start retreating this week.
To discourage exports, India has more than doubled the minimum export price on onions while some state governments are rationing subsidised sales.
The retail onion prices have shot up to Rs 80 per kg in the national capital due to tight supply despite the government's efforts to keep a lid on prices.