Markets crash for Agri commodities as rains in Central and Southern states with prospects of rains in North-West India kept sentiments weak. With Rabi crops in fields, moderate rains would be good for the crop productivity. With export and domestic demand remaining weak, this further pressurized the market sentiments.
Prices fell across all sectors – be it Spices, Oil complex, Guar or Chana. Improved sowing reports in many crops further added to the negative market sentiments as some more dips in the near term is not ruled out if rains continue and weather remains cool.
In the International markets, some uncertainty over the economic crisis kept exports on the lower side from countries like China.