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Sorghum prices in the open market in Tiruchi, India, are well below last year's levels, disappointing local farmers. Unseasonable rains that turned grain black and surplus production are cited as the causes.
The district had planted sorghum on 24,000 hectares last year.
Surplus output and weather-damaged grain weaken local demand and prices, which reinforces a bearish outlook for sorghum in India.
thehindu.comThe Hindu BureauJul 14, 2024Not enough comparable past events yet for a historical read.
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.
