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India exported 19.86 million tonnes of wheat to South and West Asia in April-August 2021, an eight-year high. Rice exports to China also rose, with Indian rice making up 23% of China's imports in January-August.
Strong Indian wheat and rice demand from Asian buyers tightens available supply and supports export prices for both grains.
indbiz.gov.inMerylOct 24, 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.
After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
