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India has become a major wheat supplier to South and West Asia as global prices rose near an eight-year high. APEDA data show April-August exports of 19.86 lakh tonnes, and USDA projects Indian exports at 4.5 million tonnes.
Indian wheat's price advantage and rising export volumes pull demand away from Black Sea and other origins, supporting global wheat prices.
ukragroconsult.comOct 25, 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.
