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India's wheat exports in April-October 2021-22 reached $872 million, up from $135 million a year earlier. Shipment volume was 3.2 million tonnes, and the government expects a record for the fiscal year.
Bangladesh is the largest destination.
Strong Indian wheat shipments tighten supplies for other exporters and support world wheat prices. The impact on prices is moderate because volumes are still small relative to the global market.
pib.gov.inDec 31, 2021After 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.
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.
