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India's rice procurement drive is expected to pay 2 million farmers over Rs 50,000 crore before Diwali. The Food Corporation of India has procured 10.1 million tonnes so far and targets 49.75 million tonnes.
The government forecasts record rice output of 102.36 million tonnes, though recent unseasonal rains may trim it slightly.
Large state procurement supports domestic rice prices and rural incomes, and it builds public stocks that could later be exported, shaping global rice supply.
scceu.orgOct 27, 2020After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
