· Moderate recovery seen for the Agri markets after the recent huge fall in prices. But progress of Monsoon towards the North-West India may well limit the recovery seen in the markets.
· Short term trend depends on the Monsoon progress and the amount of rains received mainly in Central and North-West India. Sowing for many kharif crops have started and the recent improved rainfall activity kept possibilities of better sowing this year intact.
Short term trend likely to remain very volatile with some more dips not ruled out depending on the weather report