Agri markets failed to show any strong 1-sided movement as profit booking at the higher levels continued to limit the uptrend. With markets having shot up a lot over last few days, traders are waiting for some dips before initiating fresh demand in mandis. Festive season demand however remains firm.
· High volatility persists for most Agri commodities as kharif crop arrivals start in small amounts in some commodities.
· Apprehensions of falling production and falling stocks could keep medium term sentiments firm. But with Govt taking steps to ensure increasing availability in the markets, the short term trend looks very volatile.