Loading…
A Bloomberg report says India's rice outlook has brightened after the IMD forecast a normal monsoon for a fourth year. Ample state reserves and a bumper crop reduce the chance of export curbs, and rice has been stable while other staples surged.
A normal monsoon and large stocks point to adequate Indian rice supply, which should keep global rice prices steady rather than lifting them.
livemint.comBloombergJun 2, 2022After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.
