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India's wheat imports have slowed as good-quality domestic crops reach the market. Record wheat inventories of about 1.8 million tonnes, mostly from Australia and the Black Sea, are sitting unsold in port silos.
Weaker Indian import demand and a large stock overhang at ports add to the global grain glut and pressure wheat export prices.
livemint.comNaveen ThukralMay 17, 2017After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
