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Wheat prices in Indian markets have risen over the past two weeks on exports to Bangladesh, Sri Lanka and Pakistan and festival-season demand. Prices remain below the Rs 1,925 MSP and below year-earlier levels.
Traders suspect some wheat meant for public distribution may have been diverted to exports.
Stronger Indian export demand adds a modest bullish signal for wheat in South Asian markets, though domestic prices remain weak and global impact is limited.
moneycontrol.comSubramani MancombuOct 30, 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.
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.
