IMD prediction of near normal monsoon to impact agri commodities negatively: Angel Broking

Mr. Anuj Gupta (DVP - Commodities & Currencies Research, Angel Broking):

"As per the IMD prediction on Monsoon, it may be a near normal, this may impact negatively on agri commodity prices. Earlier it was below normal but this time they increase their stance to Near Normal, which is good for rain. Due to this estimate we expect correction in Agri commodity prices like Guarseed, Soyabeen, Cotton, Cotton seed oil cake, and Spices".

Source : Equity Bulls

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