Loading…
Government projections for kharif foodgrain output were cut to 140.57 million tonnes after floods damaged crops, slightly below last year's 141.71 mt. Rice output is seen at 100.35 mt, while coarse cereals are expected to rise about 3 per cent.
A downgraded rice estimate and flood damage tighten Indian supply, supporting rice prices, while higher coarse cereal output modestly weighs on feed grain prices.
thehindubusinessline.comOur BureauSep 23, 2019After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.
Not 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.
