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Commerce Minister Piyush Goyal told the Rajya Sabha that the government is monitoring trade opportunities from the Russia-Ukraine war and is talking with traders to increase wheat and other commodity exports. He said India's wheat exports are set to cross 7 million tonnes this year, up from 0.2 million two years ago, and that ships and containers are blocked in several European countries.
Government support for exports and reports of blocked shipping point to continued demand for Indian wheat in global markets. Shipping disruptions add to freight costs and may slow delivery.
cnbctv18.comPTIMar 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.
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.
