
Reuters reports India's 2019 wheat output could fall from a record crop this year because of scanty rains and higher temperatures in key growing areas. Farmers in Madhya Pradesh and nearby states planted less wheat and are short of irrigation water.
Analysts said the drop could raise local prices and prompt India to cut import taxes.
A lower Indian crop could cut export availability and raise import demand, which would support global wheat prices. Cutting Indian import duties would add further demand from the world's second-biggest producer.
Setelah 1.072 peristiwa cuaca bullish sebelumnya, Gandum (SRW) bergerak median +0,2% selama 5 sesi (55% lebih tinggi; separuh tengah -1,4% sampai +2,3%), dan +0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.