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The Indian government set a record 285.2 million tonne foodgrain target for 2018-19, despite a 9 percent monsoon rain deficit. Targets include 113 MT rice, 100 MT wheat, 46.7 MT coarse cereals, and 36 MT oilseeds.
The record target implies India expects output to hold up, which keeps rice and wheat supply comfortable, though weak monsoon rains are a risk to achieving it.
firstpost.comSep 18, 2018After 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.
