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Bountiful monsoon rains are unlikely to lift India's rural economy, as farmers face low prices amid a glut of lentils, oilseeds and cereals. Police shot dead five protesting farmers in Madhya Pradesh this week, and unrest is spreading in BJP-ruled states.
A second large harvest would deepen the domestic surplus and keep Indian oilseed, grain and pulse prices under pressure, which matters for global feed ingredient supply.
firstpost.comJun 9, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
