Long-term trend in agricultural commodity continues to remain attractive: Nirmal Bang’s Kunal Shah

Kunal Shah of Nirmal Bang Commodities said there is a reflationary trade going on right now across the globe.

“The financial demand for commodities are also very strong in last six months. People want to be in commodities because everyone is seeing the bond yields are moving up, the inflation is going to go up, hence everyone is going long in agriculture, commodity also. So the trend for agriculture commodity continue to remain upbeat. There can be bouts of small correction but overall the long-term trends continues to remain attractive,” he said.

“The soft commodities remain at the center of a major bull run because from last five years, you have seen major consolidation taking place. So, I think the soft commodities are going to rally quite significantly. This is the complex to watch out for going forward. Soft commodities should be in the focus going forward,” Shah mentioned.