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The HinduBusinessLine reports that heavy rains in late 2019 damaged 6.4 million hectares across 12 states, according to a Lok Sabha report. Analysts estimate kharif output could fall 4-6%, and rabi output was below expectations apart from wheat and mustard.
Farm exports also declined.
Crop losses and lower farm exports tighten Indian grain supply, a modest bullish factor for domestic and regional grain prices.
thehindubusinessline.comTV JayanDec 24, 2019After 244 past weather events, Rough Rice moved a median +0.3% over 5 sessions (52% higher; middle half -1.9% to +2.3%), and +1.7% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% 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.
