The Indian Meteorological Department issued the Long Range Forecast for rainfall in the Southwest monsoon season from June to September. The forecast is issued in two stages, the next one being in June. This forecast report will have an impact on fertilizer producers such as PotashCorp (POT), Mosaic (MOS), Israel Chemicals (ICL), and Agrium (AGU). According to the forecast report, India will have a better-than-expected monsoon season this year with rainfall of a 106% of the LPA (long period average). The LPA of rainfall received in India between 1951 and 2000 was 89 centimeters, which means the 2016 rainfall average will be 94.3 centimeters.
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