The Reserve Bank on Thursday asked the banks to advise their large agri-borrowers to hedge their commodity price risks through derivative products available on the exchanges. The RBI said, banks may encourage large agricultural borrowers such as agricultural commodity processors, traders, millers, and aggregators, to hedge their commodity price risks. In a statement in Mumbai, it further said that volatility in agricultural commodity prices is a prominent risk which needs to be addressed. The advice comes amidst rising threats of an El Nino incident impacting the monsoon for the second successive year this year. The Met department has already predicted below par monsoon with a long-term average of rain falling short to 92 per cent. RBI said there is a lack of awareness among the borrowers due to which the available hedging tools are not used by them. Emphasizing the need of fostering a risk management culture, the central bank said hedging of the agri-commodity price risks will be beneficial to both the borrowers as well as banks.