The tragedy in Jirai triggered a panic among traders

Ravi crop products arrivals in agricultural markets across the country nowadays, with the onset of volatile agricultural commodities, the current price pressures are rising. Almost all agricultural commodities have a soft tone. As the pipeline of agricultural commodities is vacant in the country's local markets, businesses are gradually increasing. At the same time, export activity is gaining momentum. The impact of China's corona virus has impacted India's import and export.

Imports are being affected more than exports. In particular, China's impact on the construction, auto, chemicals and pharma sectors is showing. If the situation in China does not improve, then the above sector is likely to suffer huge losses. Electrical machinery, mechanical appliances, organic chemicals, plastics and surgical instruments are widely imported from China in India. China accounts for 5% of the country's imported goods. Of which 3% of the organic chemicals and electric machinery products come from China.

Agri commodities are facing the highest demand for de-hydrated garlic due to China's corona virus. The Gulf Food Exhibition, held in Dubai for the past two years, has witnessed significant trades of dried garlic powder due to the recent high demand for mahwa garlic. Mahwa traders have been a major contributor to garlic export. Due to the impact of China's corona, garlic dried powder prices have risen sharply. Because of this, prices have increased in the short run by $ 5 to $ 5. Due to increased demand from European countries, export of dry garlic exports traded at $ 1. Which were around $ 5 to $ 5 before the corona virus. Exporters still have the possibility of raising prices by as much as $ 1, given the possibility of rising demand. Although the local market is collapsing with the arrival of new arrivals from Saurashtra as well as Rajasthan and Madhya Pradesh, local traders are advising farmers not to sell goods in panic.

Cumin, which is the largest export of spice crops, is currently exporting to China. However, there is a huge panic in the cumin market in Unjha, with the estimated new crop in this season of cumin coming in at around Rs 1 lakh to one crore sacks. In the present market of cumin, prices of cumin are going down due to lower probability of prices. Unjha's big stockists are saying in the mood for large-scale buying if the prices of cumin fall in the range of 5 to 7. The sale of cumin seeds is expected to start from early March, as the Ramazan festival begins in April.

At the same time, there is also the possibility of resumption of export activities if the corona virus status improves in China by the end of March. On the other hand, spices like coriander and parsley are also more productive due to the fact that there is an increase in production. New arrivals of coriander have started in agricultural markets. There is no indication of a major boom at present as there is a supply against coriander production in Gujarat and Madhya Pradesh against 5 to 5 lakh sacks and in Rajasthan against 1.5 to 1.5 million sacks.

On the other hand, non-stop bullion is seen in gold following the Corona virus. Gold has been setting a new record for three consecutive days in the local markets. Gold has fallen over the last seven years in international markets. With the Corona virus proving that gold is best for investment, the influx of investors has swept across the globe. Despite the excellent return on gold investment last year, the safe haven demand for gold has been steadily rising this year. Prices have increased by five percent in the last one month. Gold prices in India are Rs. Silver and silver prices have come to a high level of Rs 5 per kg.

Imports have also fallen nine per cent in the last six months due to high gold prices. Globally, gold has risen to $ 5 a barrel. With the impact of the Corona virus still on the rise, gold is likely to rise at any time.