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India received 97% of its average monsoon rainfall, its first normal monsoon in three years. The article argues that government minimum support price decisions and policy interventions, rather than rainfall, are likely to drive food inflation.
A normal monsoon improves Indian crop prospects, but policy-set support prices may keep domestic food costs high. This supports Indian demand for imported feed and food commodities over the near term.
business-standard.comVibhuti AgarwalNov 5, 2016After 244 past weather events, Rough Rice moved a median +0.3% over 5 sessions (52% higher; middle half -1.9% to +2.3%), and +1.7% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% 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.
