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The government estimates a record 106.21 million tonnes of wheat for 2019-20, up from 103.60 million tonnes in 2018-19. Rainfall in the monsoon was 10% above average, supporting most crops.
A record Indian wheat crop reduces import requirements and adds supply to world markets, which weighs on wheat prices.
livemint.comPTIFeb 18, 2020After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
