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India's agriculture sector expects foodgrain output to repeat last year's record of over 275 million tonnes in 2017-18 on good rains. Several states have announced large farm loan waivers, and experts warn of a farm crisis as prices fall below support levels.
Large domestic supplies and weak farm prices keep Indian grain prices under pressure and reduce import demand.
business-standard.comPress Trust of IndiaDec 17, 2017After 406 past neutral report events, WHEAT 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.
