|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
In the past month, contrary to conventional wisdom, given the worry of an erratic monsoon and its negative impact on the kharif crop, the prices of a majority of agricultural commodities have declined.
India Meteorological Department has estimated the rainfall in June at the lowest in 10 years but has forecast a revival in the coming week. "Fear of a negative impact in agri crop productivity have got nullified with expectation of a revival in monsoon rain and the higher production last year. In most cases, traders square off their positions even with marginal profits, amid expectations of a change in monsoon behaviour and government intervention," said Ajitesh Mallick, an analyst with Religare Retail Research.