Prices of essential commodities on a bull run in futures markets

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Prices of essential commodities on a bull run in futures markets
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Trade observers say the bull run in commodity exchanges, working on a skinny quantity with hardly any underlying bodily transaction in mandies, is pushed by speculators trying to make fast bucks

twitter-logo Joe C Mathew        Final Up to date: April 1, 2020  | 23:04 IST

The fast-spreading COVID-19 has halted the financial exercise and battered the inventory market, however costs  of important commodities within the futures market are on the rise.

Trade observers say the bull run in commodity exchanges, working on a skinny quantity with hardly any underlying bodily transaction in mandies, is pushed by speculators trying to make fast bucks.

Information for the costs of important commodities for the final 10-15 days exhibits a rising development. Soybean seed costs elevated by Rs 5,700/MT, Chana costs by Rs 3,650/MT and Refined Soy Oil costs rose by Rs 13,520/MT throughout the mentioned interval.

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“Speculators are benefiting from the state of affairs in futures market by rising the costs of varied important commodities like oilseeds and pulses,” an trade skilled mentioned.

By the way, the erstwhile FMC (Ahead Market Fee) had said that the environment friendly functioning of the commodity futures market warrants lively participation of bodily market stakeholders. It was anticipated that the futures market will ‘function a significant and efficient platform for worth discovery and worth threat administration and supply vital financial inputs to the bodily market gamers, particularly farmers, to help their manufacturing and advertising associated resolution making course of’.

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Worth developments in important commodities in futures market throughout final 10-15 days interval:

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