The volatility in agri commodities was rampant in the beginning of this monsoon season amid anticipation of deficient rainfall by the India Meteorological Department.
But the revival in monsoon which reduced the rainfall deficit to 22 per cent on August 15 from 32 per cent on June 30, and strong action by the Forward Markets Commission, brought down the volatility substantially.
Concerned over excessive volatility in certain agri commodities, FMC sent a strong message to traders by suspending futures contracts in soybean, potato and guar until September. Also, the regulator disallowed fresh positions in turmeric during the staggered delivery period of 15 days.
| Spot price % chg Over 1 week |
Future price % chg
| Over 2 month | ||
| Over 2 month | Over 1 week | |||
| Castorseed | -5.90 | 45.25 | -9.31 | 35.23 |
| Chana | -1.72 | 16.39 | 0.78 | 14.31 |
| Chilli | -1.55 | 5.50 | -12.89 | 1.00 |
| Cotton cake | 0.87 | 34.11 | 3.39 | 38.40 |
| Coriander | -6.44 | 26.24 | -9.45 | 26.63 |
| Jeera | -1.72 | 21.23 | -5.53 | 15.92 |
| Maize | 0.14 | 30.32 | -4.09 | 21.08 |
| Potato (MCX) | -0.29 | 20.59 | -5.00 | 1.42 |
| Pepper | 0.14 | 9.00 | 3.59 | 11.88 |
| RM seed | -1.68 | 16.69 | -2.21 | 14.90 |
| Sugar | -3.06 | 25.65 | -2.51 | 23.02 |
| Soybean | 2.77 | 33.59 | 2.43 | 36.88 |
| Turmeric | 3.43 | 55.41 | -7.98 | 45.74 |
| Wheat | -0.07 | 13.98 | -1.86 | 15.55 |
| Cardamom (MCX) | -6.96 | 18.21 | -19.31 | -13.54 |
| For the period ended August 11 Source: NCDEX | ||||
