Sorghum prices in India have fallen significantly, with Rajkot Yard showing a substantial drop. Jowar and millet prices also declined as new arrivals and an absence of drought weakened the market.
Analysts expect a demand rebound over the next fifteen days that could stabilise prices, and summer crop estimates for Saurashtra and North Gujarat point to some production shortfalls.
Lower Indian sorghum prices reduce the cost of this feed grain for regional buyers. Forecast production cuts in parts of Gujarat could limit how far prices fall.
Not 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.