Ephemeral spike in demand in India’s food sector owing to Covid-19: TPCI - Trade Promotion Council of India

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.

• Jul 29, 2020Commentary: COVID-19 temporary trade restrictions on rice and its implications for South Africa – NAMC | National Agricultural Marketing Council+1.3%
• May 15, 2020COVID-19-related trade restrictions on rice and wheat could drive up prices and increase hunger-7.9%
• Nov 3, 2020U.S. Trade with China Improving, Lifting U.S. Farmer Prospects - The Food Institute-1.2%
• Dec 2, 2021Demand for Indian rice to remain robust this season, say exporters - Commodities News | The Financial Express-0.9%
• Jan 15, 2020China deal to open flood gates for US ag trade | 2020-01-15 | Agri-Pulse Communications, Inc.+3.0%

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.

• May 15, 2020COVID-19-related trade restrictions on rice and wheat could drive up prices and increase hunger+0.5%
• Dec 12, 2019Corn, wheat, soy rally on U.S.-China trade hopes, export demand | Financial Post+2.5%
• Jan 15, 2020China deal to open flood gates for US ag trade | 2020-01-15 | Agri-Pulse Communications, Inc.+0.0%
• Nov 26, 2020INTERVIEW: China grain demand reflects structural change: US Grains Council-0.5%
• Feb 18, 2020China takes steps to make good on trade deal-0.9%