# Explainer: Why food prices will remain high in India | Reuters

> India's monsoon arrived early but then stalled, leaving rainfall 18% below normal so far this season. Tight supplies of milk, cereals and pulses are expected to keep food prices high, and the government has announced no plans to import grain.

- Date: 2024-06-21 · published 2024-06-21T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/29727-explainer-why-food-prices-will-remain-high-in-india-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A weak monsoon and no planned imports leave Indian wheat and rice supplies tight, supporting prices in both domestic and world markets.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-16 | [Explainer: Why El Nino is a concern for Indian monsoon rains?](https://feedsoft.ai/events/35897-explainer-why-el-nino-is-a-concern-for-indian-monsoon-rains.md) | -2.2% | -7.3% |
| WHEAT | 2017-07-06 | [Food Prices Near 2-Year High Thanks to a Record Surge in Butter and Wheat - Bloomberg](https://feedsoft.ai/events/6181-food-prices-near-2-year-high-thanks-to-a-record-surge-in-butter-and-wheat.md) | -1.4% | +0.3% |
| WHEAT | 2021-07-23 | [How High Will Minneapolis Wheat Prices Go?](https://feedsoft.ai/events/46135-how-high-will-minneapolis-wheat-prices-go.md) | -0.4% | +1.0% |
| WHEAT | 2026-04-24 | [Explainer: How El Nino could impact the world's weather in 2026/27 \| Reuters](https://feedsoft.ai/events/19629-explainer-how-el-nino-could-impact-the-world-s-weather-in-2026-27-reuters.md) | +0.2% | +1.4% |
| WHEAT | 2017-06-06 | [What will be the trigger to push grain prices higher? - Grain Central](https://feedsoft.ai/events/70536-what-will-be-the-trigger-to-push-grain-prices-higher-grain-central.md) | -1.0% | +2.0% |
| RICE | 2024-04-07 | [Bangkok Post - Rice exporters predict higher prices in Q2](https://feedsoft.ai/events/10811-bangkok-post-rice-exporters-predict-higher-prices-in-q2.md) | +6.6% | +16.0% |
| RICE | 2023-05-16 | [Explainer: Why El Nino is a concern for Indian monsoon rains?](https://feedsoft.ai/events/35897-explainer-why-el-nino-is-a-concern-for-indian-monsoon-rains.md) | -5.7% | +3.4% |
| RICE | 2025-01-31 | [Rice prices increase explained \| CW Group](https://feedsoft.ai/events/26585-rice-prices-increase-explained-cw-group.md) | -2.0% | -4.7% |

## Sources

- reuters.com: https://www.reuters.com/world/india/why-food-prices-will-remain-high-india-2024-06-21/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.