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India's wheat exports are expected to quadruple to an eight-year high, and rice exports could reach about 22 million tonnes in 2021. The growth is attributed to strong Asian demand and higher global grain prices.
Rising Indian exports of wheat and rice add to Asian import demand and support global grain prices as major exporters remain constrained.
indiaxports.comOct 14, 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.
