Pratik Parija

(Bloomberg) -- Heavy rains in Mumbai, home to India’s financial markets, left city districts flooded on Monday, forcing authorities to close schools and cancel flights.Most Read from BloombergBiden Narrows Gap With Trump in Swing States Despite Debate LossBoeing to Plead Guilty to Fraud for Violating Deal Over 737 Max CrashesMicrosoft Orders China Staff to Use iPhones for Work and Drop AndroidHedge Funds That Piled Into Big Tesla Short Stung by RallyOld School FX Traders Are Being Replaced By Al

Rainfall over the remainder of India’s vital monsoon period is expected to be above the seasonal average, helping efforts by farmers to boost production of rice to soybeans.

India’s biggest cotton and peanut growing areas are forecast to continue witnessing heavy rains and strong winds this week, raising the risk of floods and threatening the crops that are just weeks away from harvesting.

Palm oil has lost its position as the world’s cheapest edible oil, thanks to shrinking output in the biggest growers and plentiful supply of the main alternative.

India loosened restrictions on some rice exports, a move that may ease global prices and signal a shift in domestic agricultural policies following the recent national elections.

India loosened restrictions on some rice exports, a move that may ease global prices and signal a shift in domestic agricultural policies following recent national elections.

India recorded its best monsoon season since 2020, setting the stage for a bumper harvest of crops such as rice, soybeans and pulses.

India removed restrictions on shipments of non-basmati parboiled rice, a move that’s likely to boost the nation’s competitive edge in the world market and boost earnings of local farmers during the current harvesting season.

For years, farmer Fatehbir Singh Sidhu harvested his rice and then set the fields on fire. The practice was far from unique — thousands of growers around him in the Indian state of Punjab still do the same to swiftly clear land for the next sowing cycle.

Sugar production in India, the second-biggest grower, is trailing expectations as the toll of disease and last year’s dry weather curbs the supply reaching mills.