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Industry officials told Reuters India's 2021 wheat exports could reach 4.2 to 4.4 million tonnes, the highest since 2013. The rise is driven by higher global prices and freight costs that make Indian wheat competitive for Asian buyers.
Growing Indian export demand adds to global wheat demand at a time of tight supplies from Russia and Canada, supporting wheat prices.
business-standard.comReutersOct 6, 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.
