· Agri markets recover moderately as reports of slight weakening of Monsoon over most parts of India support the market sentiments. Rains in July are very critical for the kharif sowing that is in progress
· However, apprehensions persist over the impact of the Financial crisis in some European countries and China on the exports from here. Already Guargum exports have been adversely affected.
· With International markets firming up for oil complex, Indian markets too recover however as moderate recovery seen for Pulses and Spices too.