Telangana produced 59.35 lakh tonnes of milk in 2024-25 and targeted 61.75 lakh tonnes for 2025-26. The state's chief minister warned in October 2026 that El Niño-linked drought could last 8–10 months, and he has urged farmers to stall paddy cultivation, reducing fodder availability.
Green fodder is already in structural deficit of about 62 percent, so drought-driven shortfalls will tighten concentrate and feed demand in rural India and may lift dairy feed costs.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.