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India's monsoon this year was its wettest in 25 years, and this could lift its 2020 wheat output to a record. Export offers from India are priced above $300 a tonne FOB, while competing origins are available below $250 a tonne.
The dealer comments suggest Indian wheat would struggle to compete in export markets at current prices.
A record Indian wheat crop would add supply to a global market already priced competitively, pressuring wheat export prices. Higher Indian output also reduces import needs in the region.
reuters.comRajendra Jadhav29 nov 2019Tras 334 eventos bajista de clima pasados, Trigo (SRW) se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -1,9 % y +1,7 %), y -0,2 % 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.
