Downtrend in agri counters likely to be limited due to drought
Commodity Online | April 21 2016
UPDATED 09:51:28 IST

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With Govt initiating steps to control price rise in Pulses, there was a moderate correction across most Agri counters as profit booking too set in after the recent highs.

NCDEX imposed additional margins on Chana and that helped cool down prices. The downtrend is however likely to be limited as reports of droughts amidst falling stocks and rising domestic and export demand are likely to support prices in the medium term till Monsoon arrives.

Firmness in International markets kept trend firm for oil complex even as intermittent corrections were also noted with profit booking setting in at the higher levels.

Commodity Arrivals Rate
Mustard Oil 1 10300.00
Coconut Oil 0.1 18100.00
Arecanut 4 36588.00
Sugar 30 3550.00

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