Agri markets recover again after the moderate corrections seen the earlier day. With stock levels falling for Chana amidst rising import costs, there was no let up for falling rates for the commodity.
· Moderate recover observed for Guar, Spices and Oil complex also as overall Fundamentals remained strong from Festive domestic demand and rising exports.
With low rains this year, the sowing for Rabi crops is likely to get adversely affected – as per market sources. With Kharif crop prospects already low, this may provide further support to the rising rates