# Global prices, bumper crop, monsoon bring relief: Farm clouds begin to clear

> India has had a strong monsoon, with farmers expected to plant more crops in the kharif season after two drought years. The FAO Food Price Index rose 8.4% between January and July 2016, from 149.3 to 161.9, and most agricultural commodity prices are higher than a year earlier.

- Date: 2016-08-14 · published 2016-08-14T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/9954-global-prices-bumper-crop-monsoon-bring-relief-farm-clouds-begin-to-clear
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher global farm prices and expected Indian output gains point to a firming trend in agricultural commodities, though the Indian crop increase may limit import demand.

## Read by commodity

- MILK: neutral
- RICE: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-14 | [Assessing tight global wheat stocks and their role in price volatility \| IFPRI](https://feedsoft.ai/events/36895-assessing-tight-global-wheat-stocks-and-their-role-in-price-volatility-ifpri.md) | -2.1% | -6.4% |
| WHEAT | 2019-06-27 | [Markets analysis: cropping margins for 2020 - Farmers Weekly](https://feedsoft.ai/events/58670-markets-analysis-cropping-margins-for-2020-farmers-weekly.md) | -8.5% | -12.5% |
| WHEAT | 2018-06-04 | [Market Outlook Considerations for Week Beginning June 4, 2018](https://feedsoft.ai/events/6747-market-outlook-considerations-for-week-beginning-june-4-2018.md) | +0.2% | -1.4% |
| WHEAT | 2018-05-14 | [Inflation forces building](https://feedsoft.ai/events/10235-inflation-forces-building.md) | +0.7% | +3.6% |
| WHEAT | 2018-05-31 | [Should U.S. Farmers Fret Over Falling Ag Currencies?](https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies.md) | +0.2% | -2.0% |
| RICE | 2024-07-19 | [Commodity prices falling for very different reasons - PricePedia](https://feedsoft.ai/events/4977-commodity-prices-falling-for-very-different-reasons-pricepedia.md) | +5.0% | +2.9% |
| RICE | 2025-11-14 | [Thai rice sector in crisis as yields fall, costs rise and export prices hit 15-year low](https://feedsoft.ai/events/22034-thai-rice-sector-in-crisis-as-yields-fall-costs-rise-and-export-prices-hit-15.md) | -0.9% | -2.6% |
| RICE | 2017-03-30 | [Rise prices rise in India, Thailand on stronger currencies](https://feedsoft.ai/events/72059-rise-prices-rise-in-india-thailand-on-stronger-currencies.md) | +3.1% | -7.4% |

## Sources

- indianexpress.com: https://indianexpress.com/article/india/india-news-india/global-prices-bumper-crop-monsoon-bring-relief-farm-clouds-begin-to-clear-2975978/

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