---
title: Indian Heat Wave Impacts Global Wheat Prices – 24.05.2022 – Official Olymp Trade Blog
description: Learn how you can profit from the possible impact of the heat waves in India on global wheat prices and the current dynamics of the Indian stock market.
image: https://blog.olymptrade.com/hubfs/for%20FB-May-24-2022-10-50-36-46-AM.png
---
[Skip to content](https://blog.olymptrade.com/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog#main-content)
- [Analytics](https://blog.olymptrade.com/analytics)
- [Expert Review](https://blog.olymptrade.com/analytics/tag/expert-review)
- [Market News](https://blog.olymptrade.com/analytics/tag/market-news)
- [Advanced Analytics](https://blog.olymptrade.com/analytics/tag/advanced-analytics)
- [Education](https://blog.olymptrade.com/education)
- [Technical Analysis](https://blog.olymptrade.com/education/tag/technical-analysis)
- [Fundamental Analysis](https://blog.olymptrade.com/education/tag/fundamental-analysis)
- [Money Management](https://blog.olymptrade.com/education/tag/money-management)
- [Trading Tips](https://blog.olymptrade.com/education/tag/trading-tips)
- [Video Lessons](https://blog.olymptrade.com/education/tag/video-lessons)
- [Stocks](https://blog.olymptrade.com/stocks)
- [Start Trading Stocks](https://blog.olymptrade.com/stocks/tag/start-trading-stocks)
- [Stock Market News](https://blog.olymptrade.com/stocks/tag/stock-market-news)
- [Local Stocks](https://blog.olymptrade.com/stocks/tag/local-stocks)
- [More On Stocks](https://blog.olymptrade.com/stocks/tag/more-on-stocks)
- [Crypto](https://blog.olymptrade.com/crypto)
- [Start Trading Crypto](https://blog.olymptrade.com/crypto/tag/start-trading-crypto)
- [Cryptocurrencies](https://blog.olymptrade.com/crypto/tag/cryptocurrencies)
- [More On Crypto](https://blog.olymptrade.com/crypto/tag/more-on-crypto)
- [Forex](https://blog.olymptrade.com/forex)
- [How To Trade Forex](https://blog.olymptrade.com/forex/tag/how-to-trade-forex)
- [More On Forex](https://blog.olymptrade.com/forex/tag/more-on-forex)
- [Olymp News](https://blog.olymptrade.com/olymp-news)
- [Platform Features](https://blog.olymptrade.com/olymp-news/tag/platform-features)
- [Company News](https://blog.olymptrade.com/olymp-news/tag/company-news)
- [Events](https://blog.olymptrade.com/olymp-news/tag/events)
- [Community](https://blog.olymptrade.com/community)
- [Trader To Trader](https://blog.olymptrade.com/community/tag/trader-to-trader)
- [Charity](https://blog.olymptrade.com/community/tag/charity)
- [Interviews](https://blog.olymptrade.com/community/tag/interviews)
- [FAQ](https://blog.olymptrade.com/faq)
- [Analytics](https://blog.olymptrade.com/analytics)
- [Expert Review](https://blog.olymptrade.com/analytics/tag/expert-review)
- [Market News](https://blog.olymptrade.com/analytics/tag/market-news)
- [Advanced Analytics](https://blog.olymptrade.com/analytics/tag/advanced-analytics)
- [Education](https://blog.olymptrade.com/education)
- [Technical Analysis](https://blog.olymptrade.com/education/tag/technical-analysis)
- [Fundamental Analysis](https://blog.olymptrade.com/education/tag/fundamental-analysis)
- [Money Management](https://blog.olymptrade.com/education/tag/money-management)
- [Trading Tips](https://blog.olymptrade.com/education/tag/trading-tips)
- [Video Lessons](https://blog.olymptrade.com/education/tag/video-lessons)
- [Stocks](https://blog.olymptrade.com/stocks)
- [Start Trading Stocks](https://blog.olymptrade.com/stocks/tag/start-trading-stocks)
- [Stock Market News](https://blog.olymptrade.com/stocks/tag/stock-market-news)
- [Local Stocks](https://blog.olymptrade.com/stocks/tag/local-stocks)
- [More On Stocks](https://blog.olymptrade.com/stocks/tag/more-on-stocks)
- [Crypto](https://blog.olymptrade.com/crypto)
- [Start Trading Crypto](https://blog.olymptrade.com/crypto/tag/start-trading-crypto)
- [Cryptocurrencies](https://blog.olymptrade.com/crypto/tag/cryptocurrencies)
- [More On Crypto](https://blog.olymptrade.com/crypto/tag/more-on-crypto)
- [Forex](https://blog.olymptrade.com/forex)
- [How To Trade Forex](https://blog.olymptrade.com/forex/tag/how-to-trade-forex)
- [More On Forex](https://blog.olymptrade.com/forex/tag/more-on-forex)
- [Olymp News](https://blog.olymptrade.com/olymp-news)
- [Platform Features](https://blog.olymptrade.com/olymp-news/tag/platform-features)
- [Company News](https://blog.olymptrade.com/olymp-news/tag/company-news)
- [Events](https://blog.olymptrade.com/olymp-news/tag/events)
- [Community](https://blog.olymptrade.com/community)
- [Trader To Trader](https://blog.olymptrade.com/community/tag/trader-to-trader)
- [Charity](https://blog.olymptrade.com/community/tag/charity)
- [Interviews](https://blog.olymptrade.com/community/tag/interviews)
- [FAQ](https://blog.olymptrade.com/faq)
[Start Trading](https://ul.olymptrade.com)
Search
- [English](https://blog.olymptrade.com/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog)
- [हिन्दी](https://blog.olymptrade.com/hi/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog)
[Start Trading](https://ul.olymptrade.com)
1. [Home](https://blog.olymptrade.com/)
2. [Stocks](https://blog.olymptrade.com/stocks)
3. [Indian Heat Wave Impacts Global Wheat Prices 24.05.2022](https://blog.olymptrade.com/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog)
May 24, 2022
# Indian Heat Wave Impacts Global Wheat Prices 24.05.2022
In this weekly review, we analyze the impact of growing wheat prices caused by climate change and the ways to use that as a profit opportunity by trading futures and options and buying stocks.
[Olymp Trade Team](https://blog.olymptrade.com/stocks/author/olymp-trade)
Contents
- [How does a heatwave in India affect global wheat prices?](https://blog.olymptrade.com/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog#stk-1)
- [How can we gain from the rising wheat prices?](https://blog.olymptrade.com/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog#stk-2)
- [Which stocks may be a great bet for rising wheat prices?](https://blog.olymptrade.com/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog#stk-3)
Interact with the dashed blue word and green spot on images to get additional details and explanations.
More details on the visuals will be here.
A term definition or explanation will be here.
## Impact of the Heat Wave in India on the Global Wheat Prices
Rising heat waves in India will boost global wheat prices. After China, India is the world’s second-largest wheat producer. In the last 122 years, this summer is the hottest for the country. During heatwaves, multiple economic sectors see reduced worker productivity. That is especially so for agriculture. Globally, 2% of total working hours are projected to be lost every year either because it is too hot to work or because workers have to work at a slower pace. Therefore, high temperatures limit wheat yield. Every one-degree-Celsius increase above a mean temperature of 23°C reduces wheat yield by an average of 10%.
There are other factors, such as drought and lack of water supply in the summer caused by low water reserves. As wheat production is facing troubles, there will be less wheat supplied to the market. As a result, wheat prices around the world will likely rise. With the intention to meet domestic demand, India has decided to ban wheat exports. In the meantime, wheat prices were already high because of the Russia-Ukraine conflict. Therefore, such a decision will likely further boost global wheat prices.
Fig. 1. Average summer high and low temperature in India
Fig. 2. India wheat production by year
## How Can You Gain from the Rising Wheat Prices?
Trading wheat in commodity exchanges may be profitable. One way of doing that is trading on wheat prices on the National Commodity & Derivatives Exchange Limited. Another one is buying call options or selling put options and buying futures contracts on wheat. All these scenarios will likely bring profit if the wheat price goes up. Trading commodity futures and options is similar to trading stocks or index futures and options. On the below wheat futures chart, the price is in an uptrend and may retest the high of 1425.00 in the future.
Target level of 1425.00
Fig. 3. Wheat futures chart
## Best Stocks to Trade on the Rising Wheat Prices
ITC may outperform the market. FMCG Giant ITC produces wheat of Aashirvaad Atta brand, famous in India for its high quality. When the wheat prices rise due to low supply, ITC will likely benefit from the high demand for wheat. That may improve the profitability of the company. On the below chart, ITC’s stock price is in a strong uptrend. While it is trading above the 200-EMA, it may keep going up to reach the range of 310.00-320.00.
Target level of 310.00
Target level of 320.00
Fig. 4. ITC Limited stock price chart
Risk warning: The content of the article does not constitute investment advice and you are solely responsible for your trading activity and/or trading results.
Yield refers to the earnings generated and realized on production over a particular period. It is expressed as a percentage based on the invested amount, current market value, or face value of the security.
National Commodity and Derivatives Exchange Limited is a leading agricultural commodity exchange in India
With a gross sales value of ₹74,979 crores and net profit of ₹13,032 crores, ITC is one of India's largest private sector FMCG companies.
Tags: [Local Stocks](https://blog.olymptrade.com/stocks/tag/local-stocks)
[whatsapp://send?text=https://blog.olymptrade.com/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog](whatsapp://send?text=https://blog.olymptrade.com/stocks/indian-heat-wave-impacts-global-wheat-prices-24.05.2022-official-olymp-trade-blog)
[ Olymp Trade Team](https://blog.olymptrade.com/stocks/author/olymp-trade)
Team includes professional authors, analysts, and expert traders with a genuine interest in both trading and sharing their expertise with you.
[](https://blog.olymptrade.com/stocks/how-footballers-have-impacted-company-stocks)
[The impact of football on the stock market](https://blog.olymptrade.com/stocks/how-footballers-have-impacted-company-stocks)
[](https://blog.olymptrade.com/stocks/major-stock-indices)
[Get to Know the Major Stock Indices](https://blog.olymptrade.com/stocks/major-stock-indices)
[](https://blog.olymptrade.com/stocks/7-best-stocks-to-invest-in-now)
[7 Best Stocks to Invest in Now](https://blog.olymptrade.com/stocks/7-best-stocks-to-invest-in-now)
[](https://blog.olymptrade.com/stocks/trading-in-stocks-has-never-been-easier-on-olymp-trade)
[Trading in Stocks has Never Been Easier on Olymp Trade](https://blog.olymptrade.com/stocks/trading-in-stocks-has-never-been-easier-on-olymp-trade)
[](https://blog.olymptrade.com/stocks/top-tips-for-making-money-on-the-stock-market)
[How can you make money on the stock market?](https://blog.olymptrade.com/stocks/top-tips-for-making-money-on-the-stock-market)
[](https://blog.olymptrade.com/stocks/how-to-invest-in-stocks-beginner-guide)
[Investing in the stock market as a beginner](https://blog.olymptrade.com/stocks/how-to-invest-in-stocks-beginner-guide)
[](https://blog.olymptrade.com/stocks/trade-stocks-on-olymp-trade)
[Trade Stocks on Olymp Trade](https://blog.olymptrade.com/stocks/trade-stocks-on-olymp-trade)
[](https://blog.olymptrade.com/stocks/the-different-types-of-stocks)
[The different types of stocks: A beginner’s guide](https://blog.olymptrade.com/stocks/the-different-types-of-stocks)
[](https://blog.olymptrade.com/stocks/stock-market-holidays-for-the-first-half-of-2022)
[Stock Market Holidays for the First Half of 2022](https://blog.olymptrade.com/stocks/stock-market-holidays-for-the-first-half-of-2022)
[](https://blog.olymptrade.com/stocks/day-trading-rules-for-beginners-official-olymp-trade-blog)
[Day Trading Rules for Beginners](https://blog.olymptrade.com/stocks/day-trading-rules-for-beginners-official-olymp-trade-blog)
- [About Olymp Trade](https://olymptrade.com/pages/about/)
- [Platform](https://olymptrade.com/platform)
- [Authors](https://blog.olymptrade.com/authors)
- [Help Center](https://plus.olymptrade.com/en/help)
- [Support](https://olymptrade.com/support)
[1 362 887](https://facebook.com/372634879599800/) [113 000](https://www.instagram.com/olympglobal) [322 000](https://www.youtube.com/channel/UCY6DeO0JlJ8dcdWPX9DDzRg) [31 100](https://twitter.com/OlympTrade/) [4 728](https://t.me/olymptrade_english) [15 000](https://news.google.com/publications/CAAqBwgKMOXenAsw8ei0Aw)
© 2014 - 2026 Olymptrade Blog. All Rights Reserved.