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India's monsoon rainfall, which was 33 percent deficient at the end of June, had nearly recovered by August 13 after heavy rains caused flooding across many states. Nine meteorological subdivisions, including key farm regions like Marathwada and western Uttar Pradesh, still reported deficient rain.
Uneven rainfall and flooding create risk to standing kharif crops such as rice and pulses, which could tighten domestic Indian supply and modestly support prices.
swarajyamag.comM R SubramaniAug 14, 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.
