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India exported a record 13.09 MT of non-basmati rice and 2.09 MT of wheat in 2020-21, with total grain exports near 20 MT. Government distribution through public schemes reached a record 92 million tonnes, about 50% above normal years, reflecting large surplus stocks.
Large Indian surplus stocks and record exports keep global rice and wheat supplies ample, a bearish factor for export prices.
indianexpress.comHarish DamodaranMay 16, 2021After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), 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.
