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Chennai is facing a severe water shortage with a 54% rainfall deficit and reservoirs at very low levels, and about 300 Indian districts have been declared drought-hit. Maharashtra's Marathwada region has deployed 1,500 water tankers as dams dry up, and winter crop yields are reported to be low.
Drought-hit winter crops and dry reservoirs reduce Indian rice and pulse output and raise the risk of tighter domestic supply, which could support Indian and world rice prices.
downtoearth.org.inRichard MahapatraJan 21, 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.
