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.