Loading…
The monsoon supplies about 70 percent of India's annual rainfall and drives yields of rice, wheat, sugarcane and soybeans. Farming accounts for about 15 percent of India's $2 trillion economy.
The article notes India would need to import food after a drought, as it did with sugar in 2009.
Monsoon risk to Indian crops could tighten global rice, wheat and oilseed supplies if rains fail, lifting prices as India turns to imports.
reuters.comRajendra JadhavApr 17, 2018After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% over 20.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.
