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India's Agriculture Ministry estimates record 2022-23 food grain production of 329.7 million tonnes, up 4.5%, with rice up 4.9% and wheat up 2.6%. The figures contrast with the government's continued export curbs on wheat and rice.
Record production data suggests Indian supplies could be looser than the export curbs imply, so if policy eases, global rice and wheat prices could come under pressure.
livemint.comSayantan BeraOct 22, 2023After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
