Lower circuits implemented in a number of commodities

Ahmedabad, 09.09 March 2020, Monday

On the other hand, on Monday, the stock market, which opened on Monday, was on the verge of collapse in the global commodity market following the effects of crude spill and corona virus. Pressure to sell crude oil, metal, currency and agricultural commodities in the commodity market led to lower cellar circuits. Most agri commodities have lost two to five percent of the market. In the present markets of commodities such as cumin, coriander and greenhouse, there is also an atmosphere of panic when the markets are broken by a lack of housing in front of the arrivals.

On the day of Holi, there are usually around 4,000 sacks of cumin in the market, but today there is a new record of cumin seeds with about 3,000 sacks of dill. In the Gondal market of cumin, the arrival of 3 to 4 thousand sacks of new goods has started to rally in the existing markets.

Cumin futures also accounted for about eight percent of the cellar circuit sales pressure. Most of the agri commodities like cumin, coriander, guava, guar gum, chickpeas, soybean, raido, castor were the presser for selling. Traders in Soybean softened Maloney's position today, dropping prices by 5 percent to 5 per quintal.

In foodstuffs, raidos and castor markets are also facing a downward trend in the range of 1 to 5. Due to reduction in guar seed, the market was reduced by Rs. 4 per quintle and guar gum for Rs. Prices remained around 5, broken. Even in rupee, 4 rupees, the market is projected to decline by 5.

Cumin spot and futures market in Unja Bazaar, along with green and dhamma spot, have lost Rs. The market is tightening due to a 3% reduction in production in Isabgol. The market is falling in the range of 5 to 6 as foreign proportions are proportional. Estimates for the production of 1 lakh sacks of Isabgol are currently underway.

With the price war between the Arab countries and Russia in crude oil globally and with prices hitting 5 percent, petrol in India has been reported to drop by Rs 5 to Rs 5.

At present, the price of petrol in the Indian market is expected to go down to 5. There is talk of speculators' downturn in agri commodities futures. The market has become a hotbed of breaking the markets and buying malls at low prices.