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FAO's country brief reports late and erratic monsoon rains have delayed kharif paddy planting, with area about 12 percent below last year in early August. Major floods in the north and south have caused localized crop and livelihood damage, while rice exports for 2019 are forecast at a high level.
Planting shortfalls and flood damage could trim Indian rice output, but high forecast exports keep global rice supply comfortable, so the price effect is modest.
reliefweb.intFood, Agriculture Organization of the United NationsAug 9, 2019After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
