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OCHA's outlook says La Niña is expected to bring below-normal rainfall and snowfall to Afghanistan through spring 2023. Dry conditions are raising stress on the winter wheat crop planted in autumn 2022.
Afghanistan is a small wheat importer, so the effect on world prices is limited, though it adds to regional food insecurity and import demand.
unocha.orgNov 14, 2022After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
