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India's agricultural and allied exports rose 17.34% to USD 41.25 billion in 2020-21, after three stagnant years. Non-basmati rice exports grew 136%, wheat 774% and other cereals 238%, while organic exports rose 50.94%.
Stronger Indian cereal exports tighten available supply in the export market for rice and wheat, which supports global feed grain prices at the margin.
pib.gov.inJun 10, 2021After 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.
After 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.
