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Business Standard reports that India's farm exports are on course for a record $50 billion in FY22, up 20% in the first nine months. Growth is led by cereals such as non-basmati rice and wheat, marine products, spices and sugar.
Basmati exports may be held back by payment problems with Iran.
Strong Indian exports of non-basmati rice and wheat add to global supply and competition in importing markets. Payment disruptions with Iran could weigh on basmati pricing.
business-standard.comSanjeeb MukherjeeFeb 23, 2022After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
