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Date : 12/03/2010
Commodity News
Bullion - Commodities moved in a range due to mixed data from US!!

 

  Cardamom prices fell on higher arrivals

  Spot rubber rules weak

  High volatility keeps Indian pepper away from demand

  Sugar output in FY10 seen at 16 MT

  Improved demand pushes up cashew prices

  Rubber production in India keeps uptrend

  India tea exports surged 41 per cent

  Ban on rice exports lifted partially

  Govt to consider cheaper loans to sugar mills

  Spot rubber improves on short covering

  Centre to curb movement of 20% non-urea fertilisers

  Sops for castor oil, meal exports may go in Budget

  Uttar Pradesh produces 41.84 lakh tonnes of sugar

  Bt Cotton cultivation increases yield by 31%: govt

  Govt's rice procurement for central pool fell 3 per cent at 24 MT

• Gold prices ended flat on Thursday as possible monetary tightening by China and lingering currency volatility kept bullion investors on the sidelines.
• Chinese consumer inflation data spurted to a 16-month high in February, fueling speculation that the world's most populous nation will tighten monetary supply soon. The crux of the matter is that China's economic data is very strong. There is a lot of talk that they will raise rates by the next month or two.

• Higher inflation data usually supports gold, but a strong resolve by central banks to curb rising prices by raising interest
rate decreases the metal's investment appeal.

 
Precious Metal ( Gold) MCX Crude Oil
Expiry Date Current
(Rs.)
Trd. Value
(Rs. Lakhs)
OI
(in '000)
05/10/10 16720.00 83.60 17.00
05/08/10 16698.00 2782.84 417.00
05/06/10 16614.00 34409.47 2784.00
05/04/10 16526.00 790342.77 16712.00
05/02/10 16423.00 1669.39 163.00
 

• U.S. crude oil futures settled only 0.02 percent higher on Thursday after seesawing amid uncertainty about China and concerns it may tighten monetary policy to curb growth and inflation.

• On the New York Mercantile Exchange, April crude rose 2 cents, or 0.02 percent, to settle at $82.11 a barrel, trading from $81.33 to $82.32.

Top Gainers MCX Top Losers MCX
Commodity Expiry Date Current
(Rs.)
Change
(%)
Mild Steel Ingot GZB 20/05/10 25500.00
Cardamom VAND 15/05/10 1215.80
Cardamom VAND 15/06/10 1182.60
Cardamom VAND 15/04/10 1196.60
Flake Menthol SBL 30/04/10 707.60
Commodity Expiry Date Current
(Rs.)
Change
(%)
Tin 31/03/10 753.00 -3.89
Guar Seeds 19/03/10 2236.00 -2.49
Guar Seeds 20/05/10 2308.00 -2.49
Guar Seeds 20/04/10 2273.00 -2.07
Almond DEL 30/04/10 385.75 -1.72
Top Gainers NCDEX Top Losers NCDEX
Commodity Expiry Date Current
(Rs.)
Change
(%)
Turmeric 20/04/10 9551.00
Turmeric 20/05/10 9657.00
Turmeric 18/06/10 9864.00
Steel Long New 20/04/10 26760.00
Steel Long New 18/06/10 27310.00
Commodity Expiry Date Current
(Rs.)
Change
(%)
Potato AGRA 18/06/10 533.20 -3.65
Chilli LCA 334 GTR 20/04/10 5056.00 -3.31
Jeera 20/04/10 11699.00 -3.13
Guar Seeds 18/06/10 2337.00 -3.11
Copper Cathode MUM 30/06/10 339.55 -2.96
 
US ECONOMIC DATA RELEASED FOR PREVIOUS TRADING DAY
Data
Actual
Expected
Previous
Trade Balance
-37.3B
-40.9B
-39.9B
Unemployment Claims
462K
456K
468K
 
Upcoming US Economic Data Releases
Data
Time
(IST)
Expected
Previous
Expected Effect on Bullion
Retail Sales m/m
7:00pm
-0.1%
0.5%
Positive
Consumer Sentiment
8:25pm
74.0
73.6
Negative