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India's commerce ministry asked stakeholders to scale up wheat shipments after a meeting on March 17, with railways promising extra rakes and ports asked to add dedicated wheat terminals. Wheat exports rose 387% to USD 1,742 million in April-January 2021-22, and India is in talks with Egypt, Turkey, China, Nigeria and others.
Government backing for logistics and outreach suggests India can supply more wheat to importers replacing Russian and Ukrainian volumes, which supports world wheat prices. Infrastructure bottlenecks could still limit how fast extra tonnes move.
pib.gov.inMar 19, 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.
Not enough comparable past events yet for a historical read.
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.
