Reports of cyclone and rains in Southern states of India amidst prospects of its moving towards Central India causing rains in many parts kept trend down for most Agri commodities on Thursday. Rains at this stage would be beneficial for kharif crop sowing from next month onwards.
Overall sentiments are likely remain very volatile for the Agri commodities and any favorable report from the IMD on the Monsoon progress towards Indian coast would keep further pressure on prices.
Prices fell across most sectors even as short covering was noted for some counters after the recent fall. Weakness in International markets pressurized prices further for oil complex as other counters like Kapas, Cocud and Maize along with Sugar too showed moderate corrections after the recent highs.
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