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India's commerce ministry reports agricultural and processed food exports rose 16% in April-November 2022 to $17.43 billion. That is 74% of the full-year export target of $23.56 billion.
Strong export volumes show India's agri-trade is running at a high pace, but the release reflects past flows and has little direct effect on feed commodity prices.
pib.gov.inDec 30, 2022After 442 past trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.3%), and +0.6% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% 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.
