Millet: outlook not bearish - 19 May, 2016

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This season in UP millet with Sathi variety is planted more than the last year and the crop is also expected to be good. Since millet rose to Rs 1600 from Rs 1200 which inspired the farmers towards the crop. At present, the old stock is not available in the pipe line, so the prices may rise by Rs 10 / 20 in the coming days. Notably, the market may see a downtrend in June, but there is no trading risk till 20 days at the current prices. 

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