
India's agriculture ministry estimated record foodgrain output of 279.5 million tonnes for 2017-18, up from 275.1 million a year earlier. Rice production rose to 111.5 million tonnes and wheat was roughly flat at 98.6 million tonnes.
The ministry also targets a record harvest for the coming year.
A larger Indian rice crop adds to ample domestic and export supplies, which tends to weigh on world rice prices. Wheat supply is steady, so its impact there is limited.
Setelah 87 peristiwa laporan bearish sebelumnya, Gabah bergerak median +0,0% selama 5 sesi (53% lebih tinggi; separuh tengah -2,1% sampai +2,4%), dan +1,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.