Onion leads the rally

The Agriwatch Agri Commodities Index jumped 1.97 per cent to 120.63 during the week ended Nov 30, 2019 from 118.30 the previous week amid a broad-based rally in agri-commodity prices led by onion (Onion Index = 373.6, up 25.1 per cent). Edible oils, oilseeds, sugar, cereals and cotton registered weekly gains of 1-2 per cent while pulses, spices and potato declined during the week. The base for the Index and all sub-Indices is 2014 (= 100). Six of the nine commodity group sub-Indices and 18 of the 29 individual commodity sub-Indices that constitute the Index, ended the week higher. The commodity group sub-Index values and their weekly changes are: Cereals: 120.73 (+1.42 per cent), Pulses: 133.59 (-0.35 per cent), Potato & Onion: 216.89 (+18.20 per cent), Edible Oils: 118.61 (+1.33 per cent), Oilseeds: 111.64 (+1.04 per cent), Spices: 148.19 (-3.30 per cent), Sweeteners: 107.49 (+1.21 per cent), Fibres: 100.03 (+1.89 per cent) and Other Non-Food Articles: 87.88 (-0.27 per cent). Further details can be viewed on the ET website and on Agriwatch.com.

BCCL