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The Indian government set a record 2021-22 foodgrain production target of 307 million tonnes, based on a forecast of normal monsoon rain. The target is 1.3% above the 2020-21 estimate, with coarse cereals targeted to rise 4%.
A government production target is not a forecast of actual output, but it signals expected Indian grain supply growth and depends on monsoon performance that could move coarse grain and rice prices.
timesofindia.indiatimes.comVishwa Mohan / TNN / Updated: May 1, 2021, 02:42 ISTApr 30, 2021After 50 past neutral report events, RICE moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% over 20.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
