The recent reports of possibilities of normal Monsoon from certain agencies kept pressure on the market rates that had risen a lot over last few months.
· Overall Fundamentals remained strong for most Agri counters however as low production reports for Rabi and Kharif crops kept possibilities of long term bullishness intact.
· With IMD Monsoon 1st update to come on 22nd April, overall sentiments are likely to remain very volatile for the commodities in the near term. Any favorable Monsoon report could temporarily cool down prices. But an adverse report could lend further support to the rising prices.