# RBI Bulletin

> An RBI Bulletin study examines how El Niño, La Niña and the Indian Ocean Dipole affect rainfall, growth and inflation in India. It finds El Niño alone does not necessarily cause scanty rainfall or high food inflation, and that the rainfall-inflation relationship is non-linear.

- Date: 2023-07-01 · published 2023-07-01T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/35410-rbi-bulletin
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The findings suggest Indian monsoon outcomes, and therefore Indian food demand and feed grain needs, are less predictable than headline El Niño forecasts imply. Price impact is limited and mainly indirect for feed markets.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-12-20 | [RBI Bulletin \| Official Website of Reserve Bank of India](https://feedsoft.ai/events/38154-rbi-bulletin-official-website-of-reserve-bank-of-india.md) | +4.8% | +4.6% |
| RICE | 2018-12-06 | [International Grains Council has meeting in Paris \| Dry Bulk](https://feedsoft.ai/events/61760-international-grains-council-has-meeting-in-paris-dry-bulk.md) | -3.9% | -6.8% |
| RICE | 2019-06-12 | [Grain market review: Rice](https://feedsoft.ai/events/58659-grain-market-review-rice.md) | -0.1% | +0.7% |
| RICE | 2020-12-01 | [Rice market remains resilient but could face headwinds later in 2021 - Rice Farming](https://feedsoft.ai/events/49713-rice-market-remains-resilient-but-could-face-headwinds-later-in-2021-rice.md) | -2.0% | -2.8% |
| RICE | 2025-11-10 | [Producers Rice Mill holds 82nd annual membership meeting in Stuttgart \| Stuttgart Daily Leader](https://feedsoft.ai/events/22029-producers-rice-mill-holds-82nd-annual-membership-meeting-in-stuttgart-stuttgart.md) | +1.1% | +1.2% |

## Sources

- rbi.org.in: https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=21863

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