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Sri Lanka's Meteorology Department warned that below-average rainfall from October could reduce the 2025 Maha rice crop if La Niña develops. La Niña usually brings weaker inter-monsoon rains, which cut reservoir levels needed for the main season harvest.
A smaller Sri Lankan rice crop would have a limited effect on global rice prices, since Sri Lanka is a small producer and importer, so the impact is mainly local.
economynext.comTuesdaySep 1, 2024After 27 past bearish weather events, Rough Rice moved a median -1.6% over 5 sessions (37% higher; middle half -3.4% to +1.1%), and -1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
