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The article explains how Pacific Ocean warming, the El Niño pattern, affects India's southwest monsoon, which drives its farm economy. It notes that El Niño caused deficit monsoons in 2014 and 2015 and that a moderate-to-strong El Niño is indicated for the coming year.
A weak monsoon in India would cut kharif rice and other crop output, tightening Asian rice and feed supplies and supporting prices.
thehindubusinessline.comThe HinduBusinessLineApr 9, 2017After 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.
