Agri commodities fail to take any strong 1-sided movement and trade with very high volatility ahead of the weekend holidays. Rains in Central and North-West India limited the uptrend, while prospects of demand rising at these lower levels in coming weeks supported the market sentiments.
· Rains in growing regions remain important for the sowing of kharif crops as higher sowing figures so far have limited the uptrend. Possibilities of weakening of Monsoon in coming weeks have however limited any major fall also.
· Moderate recovery noted for Spices as demand starts rising in the mandis at these lower levels after the recent fall in prices.