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A government press release says combined kharif and late kharif onion output for 2019-20 is estimated at 54.73 lakh tonnes, down from 69.91 lakh tonnes in 2018-19. Late monsoon arrival and untimely rains damaged crops and disrupted transport.
India has also imposed a minimum export price and then a ban on onion exports.
Onion shortfalls and export restrictions are domestic food-price issues with little direct effect on feed grain markets.
pib.gov.inDec 13, 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.
