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A Hindu BusinessLine explainer describes how El Niño weakens trade winds and shifts rainfall, typically bringing drought to India and Asia. It says the event can last nine to 12 months.
The article links El Niño to deficient rain for Indian Kharif crops such as rice, groundnut and pulses.
If El Niño develops, weaker Indian monsoon rainfall could cut rice output and support rice prices. The effect on the wider feed market would be indirect.
thehindubusinessline.comVinson KurianFeb 27, 2023After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
