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Collapsed tourism in cities such as Bangkok and Paris is cited as a sign of falling global wheat demand during the pandemic. Wheat prices were down about 6% for the year.
The article suggests further declines are possible.
Lower food-service and tourism-linked demand reduces wheat consumption and could push prices lower. The effect is gradual and mainly weighs on sentiment.
reuters.comNaveen Thukral, Patpicha Tanakasempipat8 may 2020Tras 69 eventos bajista de macro pasados, Trigo (SRW) se movió una mediana de -0,5 % en 5 sesiones (35% al alza; mitad central entre -2,6 % y +0,8 %), y -0,7 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
