India rice production set to fall most in nearly 20 years
A large expected drop in India’s rice output can tighten global supply and influence rice export availability and prices, with potential knock-on effects for agribusiness equities and related markets.
India's rice output is expected to decline this year for the first time in a decade, and by the most in nearly 20 years, after below-normal rainfall during the crop's maturation period threatened yields, industry officials told Reuters.