# Food may get costlier as global prices, kharif yield to hit household spends | Business News

> 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.

- Date: 2019-12-17 · published 2019-12-17T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/55562-food-may-get-costlier-as-global-prices-kharif-yield-to-hit-household-spends
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Indian kharif output and rising imports can tighten the domestic grain balance, though the effect on world feed-grain prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-07-29 | [Food to get costlier: Inflation may rise as poor monsoon rains hit rice, food grain output - Economy News \| The Financial Express](https://feedsoft.ai/events/58050-food-to-get-costlier-inflation-may-rise-as-poor-monsoon-rains-hit-rice-food.md) | -4.0% | -10.0% |
| RICE | 2023-09-28 | [Risks to global food commodity prices from El Niño](https://feedsoft.ai/events/33997-risks-to-global-food-commodity-prices-from-el-nino.md) | -3.3% | -0.3% |
| RICE | 2017-09-27 | [Basmati rice to remain costlier this year on lower output estimates \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/68936-basmati-rice-to-remain-costlier-this-year-on-lower-output-estimates-economy-and.md) | +0.4% | -3.0% |
| RICE | 2023-07-14 | [Indian rice prices up 10% in global market, affect export demand - The HinduBusinessLine](https://feedsoft.ai/events/5097-indian-rice-prices-up-10-in-global-market-affect-export-demand-the.md) | -16.0% | -15.2% |
| RICE | 2023-07-06 | [Rice to get costlier as weather, India's farm perks threaten supply](https://feedsoft.ai/events/35133-rice-to-get-costlier-as-weather-india-s-farm-perks-threaten-supply.md) | +5.1% | -12.8% |
| WHEAT | 2022-04-18 | [Corn futures hit decade-high above $8 per bushel on global supply \| Food News \| Al Jazeera](https://feedsoft.ai/events/41873-corn-futures-hit-decade-high-above-8-per-bushel-on-global-supply-food-news-al.md) | -0.7% | +7.2% |
| WHEAT | 2020-09-11 | [La Nina may disrupt global food supply  - The HinduBusinessLine](https://feedsoft.ai/events/51042-la-nina-may-disrupt-global-food-supply-the-hindubusinessline.md) | +0.7% | +7.9% |
| WHEAT | 2023-09-28 | [Risks to global food commodity prices from El Niño](https://feedsoft.ai/events/33997-risks-to-global-food-commodity-prices-from-el-nino.md) | -5.3% | -2.5% |

## Sources

- hindustantimes.com: https://www.hindustantimes.com/india-news/global-prices-kharif-yield-to-hit-household-spends/story-R5mB988PjzvwC8LTs1lhjM.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.