Loading…
Indian monsoon rains have been above average for four straight weeks through August 21, with the northwest receiving 63 percent more rain than normal in August. Excess rain is expected to refill reservoirs, but it may damage standing kharif crops and is unlikely to lift foodgrain output much.
Excess rain and flood risk to standing paddy could trim Indian rice supply, though the impact on global prices is limited given the sowing is already complete.
news.agropages.comAug 23, 2019After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.
