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Indian farm exports reached a record $50.2 billion in FY22 and held up through April to August despite restrictions. Analysts expect exports to face pressure in the second half of the fiscal year as the wheat, wheat product and broken rice bans take effect.
Expected weaker Indian shipments in the second half of the fiscal year would reduce export supply pressure from India, but this is a gradual trend rather than a sudden price driver.
preprod.financialexpress.comBanikinkar PattanayakOct 5, 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.
