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Red jowar sorghum prices in Nizamabad, Andhra Pradesh, have fallen from 4,800 rupees per quintal last year to 2,100 this year after a bumper harvest. Farmers allege trader cartels are rigging prices and are asking the government for a minimum of 4,000 rupees.
A large Indian harvest and weak local prices reflect surplus domestic supply that is unlikely to move world sorghum prices, though it adds to the global feed grain glut.
thehindu.comP Ram MohanMar 2, 2017Not 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.
