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Indian export curbs on staples such as wheat, sugar, rice, onions and pulses have fuelled barter smuggling of grains into Bangladesh, which was previously its largest grain supplier. Traders are reportedly exchanging grain for gold across the border.
Export restrictions are diverting grain flows into informal channels, which reduces official trade volumes and keeps Bangladesh's import demand supplied outside normal contracts.
reuters.comRajendra JadhavDec 4, 2024After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
