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Indian government data shows foodgrain production estimates for 2018-19, with rice at 1156.30 lakh tonnes and wheat at 1012.00 lakh tonnes. FCI, CWC and state storage capacity totaled 862.45 lakh tonnes as of May 31, 2019, with FCI utilization at 85%.
Official production and storage figures inform expectations of Indian grain stocks and export or import needs, though the figures are historical and carry limited price impact.
pib.gov.inJul 16, 2019After 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.
