· As per latest Exchange circulars, the Daily Price limit for Agricultural commodities for the futures market have been reduced to 4% from 6%w.e.f. Feb 1, 2016. Also, client level and member level near month position limits have been reduced from the existing 50% to 25% of the overall position limit for that commodity.
· Agri markets showed some high volatility with economic problems in China getting associated with the lack of export demand from India – thus keeping prices down. Weakness in International markets kept trend down for oil complex and fibre as lack of strong demand kept pressure on Guar and Chana prices after the recent uptrend.
· Prospects of rains in coming weeks in North-West India and cooler weather create possibilities of that having favorable impact on Rabi crop. This could keep some more pressure on the market sentiments