Demand for commodities likely to remain weak: Avendus Capital

Andrew Holland, chief executive officer of Avendus Capital Public Markets Alternate Strategies, on Monday, said that the demand for commodities is likely to remain weak.

In an interview to CNBC-TV18, he said, “Demand destruction will happen because of higher commodity prices and therefore, commodity prices will fall.”

Talking about baking space, Holland said, “There is a lot of pressure on the banks in the very short-term and there a leadership move across all the major banks. One thing I want to say is with the merger of HDFC and HDFC Bank, this will play a bigger role going forward.”