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A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.
On August 1, 2019, the Indian Meteorological Department (IMD) published its long-range forecast for the second half of the southwest monsoon (August to September), predicting normal rainfall for 2019.