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India's Food Minister said the country is estimated to achieve record foodgrain production and government procurement in fiscal 2018-19, citing a wheat output estimate of 997 lakh tonnes and rice output of 992.4 lakh tonnes. Procurement is also expected to rise, with wheat at 357.95 lakh tonnes.
Record Indian wheat and rice supplies and higher state stocks increase export availability and weigh on world wheat and rice prices.
business-standard.comIANSJan 28, 2019After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 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.
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.
