Corona rupee commodity slumps by 10 to 15 percent

The past week has been very deadly for investors. Corona viruses have caused a lot of confusion in markets around the world. From the commodity, equity to the economic situation of the world, millions of rupees have been emitted from the virus. The record-breaking decline in crude oil prices has been declining for the last six years, with no compromise on the proposal to cut production. With the decline in demand, most commodities, including metal and agriculture, have lost market share of 5 to 5 percent due to pressure to sell. In the agricultural markets, the price of guar gum has increased by Rs. 4, coriander by Rs. 4, cumin, turmeric, soybean and guarseed items.

Guar gum market is broken down from 3 to 3, coriander market is broken by 3, turmeric market is broken by 3, and cumin futures are sold at Rs 5 per kg. Broken down to 3 but on the last day of the week, it was up four levels with a rise of four rupees. The Lower Circuit was mostly involved in many things. At present, the arrival of rabi crops in agricultural markets is increasing day by day. In the vertical market, 5 sacks of cumin, 2 sacks of greenery and now Isabugul have also come up with new arrivals. Traders are facing severe panic as the downturn is currently limited to two-and-a-half units of rabi crops. As markets continue to collapse in the futures futures and in the present, it has become difficult to determine at what level the markets will remain below.

The Global Economy is plagued by a panic of the Corona virus. Trades in the markets are closed. Financial transactions are having an impact. Investors are also cashing money by selling whatever is on hand due to extreme panic. As the level of technical support or recession is uncertain, the risk of where the capital will be safe is at stake. The stock market has also been hit hard by the impact of the Corona virus on investors, with a significant decline of 5 points in the last one month and 5 points in the last week.

There is a great deal of controversy regarding crop surveys of various agencies regarding agricultural products in the agricultural markets. The state produces most of the crops like castor and cumin seeds in the state including North Gujarat. The biggest problem for farmers is the rumors of the breeds in the agricultural markets, which is the standard of futures present in the agricultural markets. Since the futures are largely a combination of speculative elements, they are running markets to their advantage. In the past, farmers have suffered in the past due to speculative fluctuations in many commodities including castor, guava, cumin. On the one hand, the government has announced to double the income to farmers by five. But due to speculative activities, farmers are currently having to sell goods at lower prices than support prices. It is now necessary for the Government and the Sixth to impose control on this. The agricultural markets are running just above the estimates, from crop plantation to production, to be largely random. In which the merchant class has more grip than the peasant.

The price war has led to a downturn in the markets due to the unresolved price war between Arab countries and Russia over crude oil production. Crude oil prices have broken the record of the last 3 years, down to $ 1 per barrel. Russia is in a mood to boost crude oil production and sell goods by giving a discount of 3-5% in Arab countries, worsening the economic environment of the whole world by colliding with each other's egos. In the battle between the oil producing countries, it is not surprising that the crude oil market has collapsed and now falls to the dollar level. Corona virus is also having a significant impact on the consumption of crude oil, which is hitting the world as a result of breaks in transport of people and goods worldwide. The uncertainty of financial transactions is also hampering traders in foreign trade.

The rupee has weakened against the dollar to the rupee level by the impact of the Corona virus. Pressure on FIIs selling local stock markets and commodities is Rs. Has an impact on. Gold ETF invested a record break of Rs 1 crore in February, with gold being the only safe option for investors in a global recession. Gold ETF investment has been increasing for four consecutive months. Investors are scrambling to raise money, including stock markets and commodities. Gold and silver have also corrected in the last week amid a boom in gold prices.

Prices of rupees 5 / - per 5 grams in gold were averaging around Rs. 5 in silver and prices of Rs. 5 on average. The gold and silver boom broke last week amid pressure from sellers of gold to balance the burden of margins and other asset losses caused by the stock market collapse. At the same time, the pressure to sell profits in gold and silver has also been effective. However, the demand for gold and silver is almost at the bottom right now. With the Corona virus spreading worldwide, markets are still seeing a recession crisis.