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Even as Monsoon finally arrives in Kerala coast after 7 days delay, Agri markets kept firing up as overall sentiments remained strong. Delayed arrival could lead to lower sowing area, delayed sowing and lower crop productivity.
All eyes will now be on its progress towards rest of India – mainly Central and North-West. Satisfactory progress and good rains will help in sowing and keep prices down. Excessively heavy rains may however lead to crop damage also in coming weeks.
Prices across most sectors – be it Chana, Guar, Spices or Oil complex flared up as summer season domestic demand and exports started rising in the mandis.