For the nearly four months from June 1 to September 25, the nation endured more than 89 centimeters of rain, which equals slightly more than 35 inches, according to the India Meteorological Department. The average rain for that period from 1951 to 2000 was 89 centimeters.
"There is some cushion as far as supplies are concerned because of the rains," chief analyst Anand James with brokerage Geojit Comtrade told the news service. "We will be in surplus in some commodities but exports will depend on global prices."
At 2 p.m. on Monday, sugar futures increased 0.62 percent, a .15 cent rise to 24.28 cents per pound. At 2:15 p.m., rough rice futures dropped 2.18 percent, a 0.36 cent drop to 16.125 cents per pound. Wheat futures increased 1.17 percent, a .075 cent rise to $6.4825 per bushel.
The Associated Press reports grains for the most part increased in value on the Chicago Board of Trade.
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