
India will allow wheat and broken rice exports to select countries, with exporters bidding for quotas. Indonesia has agreed with India to potentially import 1 million tonnes of rice if El Niño hits domestic supply.
Selected approvals are small, but the Indonesia rice agreement signals potential future import demand if El Niño curbs output, supporting rice prices.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.