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Super El Nino: The Next Inflation Shock May Begin in India's Fodder Fields
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India's fragile dairy sector, the world's largest, faces potential inflation shocks as uneven monsoon linked to El Nino threatens fodder supply, impacting milk production.
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Super El Nino: The Next Inflation Shock May Begin in India's Fodder Fields
India's dairy sector, which is the world's largest, rests on a fragile foundation. Milk production depends not only on animal feed but also on the availability of fodder. An uneven monsoon may have a significant impact on milk production, leading to an inflation shock. According to Down To Earth, the dairy sector is vulnerable to climate change, and the recent El Nino event has highlighted the risks associated with an uneven monsoon. The Indian government is closely monitoring the situation and is likely to take measures to stabilize the dairy sector.
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