Amidst very high volatility, Agri markets recovered strongly after the last 2 days continuous fall in rates. With Monsoon retreating early, possibility of Monsoon recovery in September looks unlikely. Low export demand from China, EU and the US due to the Financial problems there are however keeping uptrend limited as exports are getting adversely affected.
After hitting lower circuit over last 2 days, Guar rates recover strongly; and so did Chana, though very high volatility persisted for both. Higher imports prevented major recovery for Chana however.
Spices and oil complex too recover on apprehensions of a rise in trading activities in coming days from the Festive season domestic demand and export demand.