· Markets trade with high volatility ahead of the IMD Monsoon predictions on Wednesday. Any favorable Monsoon report regarding its timely arrival or normal rains may have temporary bearish impact on prices. Any adverse report on the other hand can flare up prices further. Overall Fundamentals have remained strong for most Agri commodities as Rabi and Kharif crops have generally shown a decline in production.
· Spices firm up after the recent corrections as falling arrivals amidst pickup in export and domestic demand support the prices at the lower levels
· Chana, Guar trade with high volatility as prices find some support at these levels. Oil complex fail to recover strongly as weakness in International markets prevent a strong recovery.