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An opinion piece warns that an El Niño event could cut India's farm output and GDP, since about 60% of crops depend on monsoon rainfall. It highlights risks to rice, pulses, oilseeds and cotton, noting the last strong El Niño was in 2014-16.
Expected deficits in Indian kharif oilseeds and rice would tighten supplies and could lift prices, particularly for rice and oilseed-based meals.
thehindubusinessline.comMadan SabnavisMar 10, 2023After 179 past bullish weather events, RICE moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
