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Wheat and rice together accounted for about half of India's agricultural export value from April to August 2020. Basmati, non-basmati and wheat shipments rose, with wheat exports up 105% over the first five months of the fiscal year.
Strong African demand and panic buying by some countries drove the increase.
Strong Indian rice and wheat export demand supports global prices for these grains, tightening competing origin supplies for feed use.
tribuneindia.comTribune Web DeskNov 5, 2020After 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.
