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NBHC estimates India's kharif 2019 rice output at about 93.74 million tonnes, down 8% from the prior year, after excess monsoon rains and flooding. Maize is seen 11% lower and several pulses also fell sharply.
A smaller Indian rice and maize crop lowers domestic supply and could tighten prices and reduce exportable surplus for these grains.
thehindubusinessline.comOur BureauJan 13, 2020After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
