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India's wheat exports are forecast to reach a record 6.5-7 million tonnes this fiscal, supported by strong South and Southeast Asian demand. About 4.5 mt had been shipped by December, and Indian wheat was offered at $300-305 a tonne.
Larger Indian wheat exports at competitive prices add supply to Asian import markets and cap prices for rival origins such as Australia and the Black Sea.
thehindubusinessline.comSubramani Ra MancombuJan 26, 2022After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
