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India Meteorological Department forecasts show El Niño is likely to stay neutral in May through July, with La Niña possible after July. The forecasts point to a normal southwest monsoon this year, which is critical because less than half of India's farmland is irrigated.
A normal monsoon improves prospects for Indian rice and pulse output, easing export demand pressure and supporting lower rice prices.
business-standard.comSanjeeb MukherjeeMar 19, 2020After 27 past bearish weather events, Rough Rice moved a median -1.6% over 5 sessions (37% higher; middle half -3.4% to +1.1%), and -1.3% 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.
