Recently, areas across several states in India have faced heavy floods following relentless rains and overflowing rivers. The government has responded by launching official damage assessment drives, particularly focusing on paddy and maize โ two staple crops crucial to many farmers.
Read MoreThe FAO Food Price Index averaged 128.8 points in September, down from 129.7 in August โ a 0.7โฏ% drop monthโonโmonth. Though it dipped in September, the index is still 3.4โฏ% higher than a year ago, but remains ~19.6โฏ% below its March 2022 peak.
Read MoreCorn futures opened the week on a firm footing, holding onto earlier advances as traders digested export data and supply trends. Market sentiment remains cautiously optimistic despite some headwinds.
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