China is going through one of its most difficult periods in recent times, battling the outbreak of coronavirus. As a result, demand for several commodities has slowed down from the highest consuming nation of metals, edible oil and soybean. The overall death toll due to the deadly virus as of February 14 stood at 1,380, with 63,851 confirmed cases. There are expectations that coronavirus threat, which shows no sign of peaking, may induce more fear in the commodities market.
We have with us Kunal Shah, head of research at Nirmal Bang Commodities, to analyse the present situation of the commodity market.
Hi Kunal, welcome to the show.
1) How has the outbreak of coronavirus affected the commodity market so far?
2) Why select agri commodities like cumin seeds lost over 10 per cent year-to-date?
3) Do you think gold and silver are still attractive despite the counters have seen surge in prices in the last few months?
That’s it in this week’s edition of special weekend podcast. Do come back next Saturday for this weekly special. You can check out our regular podcasts on the equity market twice every week day.