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India's cabinet approved restricting wheat flour exports to calm local prices after a May wheat export ban and record domestic prices. The move follows a heatwave that curtailed wheat output.
Further Indian export restrictions remove wheat-product supply from world markets, adding support to global wheat prices, especially as Asian buyers shift demand.
reuters.comAug 26, 2022After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), 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.
