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Deficit monsoon rains in eastern Indian states and flooding in Assam have hit the kharif rice crop, and trade analysts estimate about 15 million tonnes of output is at risk. The article also reports that the government's wheat harvest estimate of 106 million tonnes is seen as too high by traders.
A sharp fall in Indian rice output would tighten the largest exporter's supply and could prompt export curbs, supporting global rice prices.
ukragroconsult.comJul 28, 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.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
