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India's government told parliament that wheat exports are a free category requiring no licence, and that exports reached 70.35 lakh tonnes worth USD 2,035 million in 2021-22 through March 21, versus 21.55 lakh tonnes in 2020-21. The ministry said it cannot yet quantify the surplus available for exports in the coming Rabi season.
Record Indian wheat exports tighten global supply as buyers replace Black Sea grain, supporting world wheat prices. The lack of a quantified export surplus leaves uncertainty over how much additional supply India can add.
pib.gov.inMar 30, 2022After 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 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% 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.
