
The Indian government says it hopes to reach a record 291 million tonne foodgrain target for 2019-20 despite floods that damaged some kharif crops. Officials expect rabi crop output to offset kharif losses.
Official confidence in a record crop implies adequate Indian grain supply, which tends to keep import demand and global price support limited.
After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.