Agri Markets to Remain volatile in India

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Gold Silver Reports – Agri markets opened on a subdued note in the New Year as closure of International markets kept export demand low. Prices likely to remain a bit volatile in the short term but are likely to show recovery as exports start recovering amidst a pickup in domestic demand.

Low production prospects, falling stocks could support the prices as of now even as demand is all set to pick up in coming weeks.

Rates stabilized for Chana last wek as traders anticipate the domestic demand to start rising from this week onwards. Even as fundamentals remained strong, uncertainty still prevailed in the markets on regular Govt initiatives to control rising prices even as falling stocks and lower production reports keep supporting prices. – Neal Bhai Reports

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