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Six major rice-producing Indian states have received monsoon rain well below normal through mid-July, with Uttar Pradesh, Bihar and Jharkhand deficits above 40%. Paddy sowing was down 8% year on year as of July 13.
A weak monsoon and lower planted area threaten India's rice output and exports, which would tighten global rice supply and support prices.
financialexpress.comFE BureauJul 17, 2018After 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.
