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Australia's Bureau of Meteorology says a third consecutive La Niña could be underway, with a 70 per cent chance. Experts say the extended run is rare, and the southwest monsoon in India may last until October.
Farmers in India could face untimely rain during the kharif harvest.
A delayed monsoon and harvest rains in India can reduce rice output and quality, which could support Asian rice prices. The effect on global prices is modest at this stage.
downtoearth.org.inHimanshu Nitnaware, ShagunAug 26, 2022After 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.
