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India's February 2021 preliminary trade data show merchandise exports of $27.67 billion, roughly flat year on year, and imports up 6.98%. Oil meal exports rose 244% and rice exports rose 30%.
Rising Indian oil meal and rice exports signal stronger export demand for those products, while the import surge reflects tighter domestic demand conditions.
commerce.gov.inMar 2, 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 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
