# 2016 ends dashing farmers’ hopes: Markets still unfriendly despite good production

> Indian farmers received low prices despite good 2016 production after a favorable monsoon. Demonetisation and falling domestic prices led to distress sales, and exports of oil meals, rice and other products declined in April-October 2016. Wheat import duty was cut to zero.

- Date: 2017-01-04 · published 2017-01-04T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/72973-2016-ends-dashing-farmers-hopes-markets-still-unfriendly-despite-good-production
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Weak Indian export volumes of oil meals and rice reduce supply competition, while zero wheat import duty supports import demand, with limited overall price impact.

## Read by commodity

- RICE: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-03-06 | [Wheat market firm: energy prices support despite weak](https://feedsoft.ai/events/9853-wheat-market-firm-energy-prices-support-despite-weak.md) | +0.8% | +0.1% |
| WHEAT | 2019-05-16 | [Grain Market Update 16th May - Irish Farmers' Association](https://feedsoft.ai/events/12127-grain-market-update-16th-may-irish-farmers-association.md) | +10.5% | +9.9% |
| WHEAT | 2024-10-31 | [Market Perspectives - October 31, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/27947-market-perspectives-october-31-2024-u-s-grains-and-bioproducts-council.md) | +0.0% | -1.9% |
| WHEAT | 2020-02-20 | [China Back in the Market for U.S. Farm Goods After Waivers \| Financial Post](https://feedsoft.ai/events/54480-china-back-in-the-market-for-u-s-farm-goods-after-waivers-financial-post.md) | -1.5% | -0.4% |
| WHEAT | 2025-10-29 | [UK wheat strengthens to £165/t as US-China talks lift markets - Farmers Weekly](https://feedsoft.ai/events/22459-uk-wheat-strengthens-to-165-t-as-us-china-talks-lift-markets-farmers-weekly.md) | -2.8% | -6.1% |
| RICE | 2026-02-04 | [U.S. farmers struggle to keep traditional rice markets](https://feedsoft.ai/events/20677-u-s-farmers-struggle-to-keep-traditional-rice-markets.md) | +1.3% | -5.9% |
| RICE | 2024-11-18 | [Amid hopes for record production, India’s rice exports jump by nearly 86% in October](https://feedsoft.ai/events/27372-amid-hopes-for-record-production-india-s-rice-exports-jump-by-nearly-86-in.md) | +0.7% | -0.6% |
| RICE | 2017-04-26 | [US rice farmers wary about Vietnam’s incursion into Mexican market \| 2017-04-26 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/8721-us-rice-farmers-wary-about-vietnam-s-incursion-into-mexican-market-2017-04-26.md) | +0.4% | +17.4% |

## Sources

- vijayvaani.com: https://www.vijayvaani.com/ArticleDisplay.aspx?aid=4180

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.