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Indian cereal prices are rising as expected lower kharif output after excess rainfall damaged crops, along with shifting consumption patterns. Coarse grains such as jowar have climbed up to 16% in one month, while wheat and rice rose only marginally because of large government stocks.
Consumers face higher food costs.
Lower coarse grain output and firmer demand tighten Indian supplies of sorghum and similar feed grains, supporting prices. Large state rice and wheat stocks limit the increase in those staples.
business-standard.comDilip Kumar JhaNov 25, 2019Not enough comparable past events yet for a historical read.
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.
