# Missing Bangkok, Paris tourists omen of global wheat demand collapse

> 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.

- Date: 2020-05-08 · published 2020-05-08T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12708-missing-bangkok-paris-tourists-omen-of-global-wheat-demand-collapse
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower food-service and tourism-linked demand reduces wheat consumption and could push prices lower. The effect is gradual and mainly weighs on sentiment.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-11-14 | [Rising dollar and rain forecasts weigh on US wheat](https://feedsoft.ai/events/27444-rising-dollar-and-rain-forecasts-weigh-on-us-wheat.md) | -0.5% | +0.2% |
| WHEAT | 2024-11-26 | [Paris wheat drops - Markets - Business Recorder](https://feedsoft.ai/events/11781-paris-wheat-drops-markets-business-recorder.md) | -0.1% | +2.1% |
| WHEAT | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | -5.6% | +2.4% |
| WHEAT | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | +6.0% | -2.1% |
| WHEAT | 2023-06-09 | [Falling commodity prices stoke fear of global recession](https://feedsoft.ai/events/6884-falling-commodity-prices-stoke-fear-of-global-recession.md) | +0.5% | +2.4% |

## Sources

- reuters.com: https://www.reuters.com/article/us-health-coronavirus-wheat-consumption-idUSKBN22J3KV/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.