Monsoon Impact: Agri futures hit lower circuit
Earlier this month, oilseeds and pulses counters fired up after the IMD confirmed a deficient monsoon.
By Ram Sahgal, ET Bureau | Updated:
Mumbai: The quicker than anticipated progress of the monsoon caused an across the board fall in spices and oilseed futures and counters like chana and guarseed. “Quite a few bulls were caught on the wrong side,“ said Viral Shah of Geofin Comtrade.
Oilseed futures like castor and soya bean fell 2.7-4%, chana (-3.5%), guarseed (-4%), chilli and jeera 1.9-2.8%, respectively, as monsoon covered Maharashtra. Earlier this month, oilseeds and pulses counters fired up after the IMD confirmed a deficient monsoon.
Oilseed futures like castor and soya bean fell 2.7-4%, chana (-3.5%), guarseed (-4%), chilli and jeera 1.9-2.8%, respectively, as monsoon covered Maharashtra. Earlier this month, oilseeds and pulses counters fired up after the IMD confirmed a deficient monsoon.
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