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Analysts expect household food spending in India to stay high in 2020 as a smaller kharif crop, larger agricultural imports and higher global food prices push costs up. CRISIL estimates kharif output will be 4-6% lower in 2019-20, and mandi prices are already rising.
Farm incomes are reported up 26% year on year.
Lower Indian kharif output and rising imports can tighten the domestic grain balance, though the effect on world feed-grain prices is limited.
hindustantimes.comZia HaqDec 17, 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.
