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India's government estimates 2018-19 foodgrain output at 281.37 million tonnes, down 1% from the prior year despite record rice output. Coarse cereal and pulse production are expected to decline.
Lower Indian coarse grain and pulse output may reduce feed grain exports and raise import demand, modestly supportive for world coarse grain prices. Record rice output keeps rice supplies comfortable.
dailypioneer.comPTIMar 1, 2019After 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
