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An opinion piece says cheaper imports have undercut Indian wheat, and that India will likely remain a long-term wheat importer. Exports fell from 6.8 million tonnes in 2012-13 to 0.4 million tonnes in 2016-17, and the government allows private imports while building official stocks.
Indian demand for imported wheat supports world wheat prices, while lower Indian exports reduce supply to global markets.
prelaunch.financialexpress.comTejinder NarangJul 25, 2017After 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.
