NMCE- daily report -09 01 2010

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NMCE- daily report -09 01 2010

  1. 1. WEEKLY COMMODITY REPORT Jan 04 to 09 , 2010 Rubber future drops, Sack move upwards TURNOVER DATA Rs .Crores COMMODITIES CURRENT WEEK PREVIOUS WEEK ALUMINIUM 5 TON FUTURES 296.88 390.52 CASTOR SEED 10 MT FUTURES 56.66 77.28 CHANA FUTURES 509.89 820.24 COFFEE REP BULK FUTURES 101.19 123.65 COPPER FUTURES 248.17 399.54 COPRA FUTURES 161.56 167.87 GOLD FUTURES 24.75 19.96 GOLD GUINEA FUTURES 194.18 116.57 GUARGUM FUTURES 131.55 180.24 GUARSEED 10 MT FUTURES 822.89 1,302.05 ISABGULSEED FUTURES 390.75 597.03 KILOGOLD FUTURES 352.95 323.60 LEAD FUTURES 278.33 441.72 MENTHOL CRYSTAL FUTURES 14.21 14.12 NICKEL FUTURES 573.48 468.17 PEPPER FUTURES 106.03 117.59 RAPE/MUSTARD SEED FUTURES 1,434.84 1,382.94 RAW JUTE FUTURES 133.21 154.90 RUBBER FUTURES 509.00 378.64 SACK FUTURES 839.34 1,126.60 SILVER FUTURES 148.84 177.41 SOYOIL 10 MT FUTURES 582.46 880.46 TURMERIC FUTURES 202.52 197.00 ZINC FUTURES 468.76 457.81 Total 8,582.44 10,315.91 HIGHLIGHTS OF THE WEEK Industry body asks Centre to permit duty-free rubber import Spot rubber stays steady NMCE plans rubber delivery centre in North-East Coffee Board for early release of debt relief In the week ended Jan, 09, 2010 , NMCE Recorded a turnover of Rs.8582.44 Crs as compared to Rs.10315.91 Crs last week 1
  2. 2. SERIES TREND DURING THIS WEEK Castor seed futures : FEB Series CASTOR SEED 10 MT FUTURES PRICE TREND 2,890.00 (Rs/100 Kg) 2,870.00 2,850.00 2,830.00 2,810.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 2,876.00 2,901.00 2,876.00 2,896.00 2,815.00 04-Jan-10 2,898.00 2,907.00 2,887.00 2,899.00 2,825.00 05-Jan-10 2,901.00 2,907.00 2,881.00 2,888.00 2,820.00 06-Jan-10 2,885.00 2,903.00 2,885.00 2,903.00 2,835.00 07-Jan-10 2,908.00 2,908.00 2,868.00 2,877.00 2,840.00 08-Jan-10 2,860.00 2,874.00 2,856.00 2,872.00 2,825.00 09-Jan-10 2,875.00 2,877.00 2,858.00 2,862.30 2,835.00 Castor seed future drops Castor seed futures FEB series Closed at Rs.2862.3 down by Rs.33.7 from Rs.2896 the previous week.During the outgoing week, intra-day trade touched a high of Rs.2908 and a low of Rs.2856 .Spot Price Closed at Rs.2835 gaining Rs.20 over Rs.2815 the previous week Market Buzz: NMCE castor seed futures weak Castor prices were down by 35-40 rupees per quintal in key markets of Disa, Dhanera and Patan due to higher arrivals. Traders expect further fall in prices as arrivals rise from next week onwards. The spot price in Disa was 2790 rupees per 100 kg and arrivals were 1200 quintals. In Dhanera and Patan, castor traded in 2790-2810 rupees per 100 kg. Arrivals in Dhanera and Patan were 1900 quintals and 1100 quintals. 2
  3. 3. Chana futures : JAN Series CHANA FUTURES PRICE TREND 2,440.00 2,420.00 2,400.00 (Rs/100 Kg) 2,380.00 2,360.00 2,340.00 2,320.00 2,300.00 2-Jan-10 3-Jan-10 4-Jan-10 5-Jan-10 6-Jan-10 7-Jan-10 8-Jan-10 9-Jan-10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 2,466.00 2,474.00 2,440.00 2,440.00 2,425.00 04-Jan-10 2,440.00 2,440.00 2,398.00 2,414.00 2,389.00 05-Jan-10 2,414.00 2,445.00 2,410.00 2,424.00 2,387.00 06-Jan-10 2,424.00 2,437.00 2,392.00 2,392.00 2,410.00 07-Jan-10 2,392.00 2,392.00 2,367.00 2,372.00 2,363.00 08-Jan-10 2,372.00 2,381.00 2,360.00 2,375.00 2,353.00 09-Jan-10 2,375.00 2,389.00 2,331.00 2,331.00 2,350.00 Chana future slips Chana futures JAN series Closed at Rs.2331 down by Rs.109 from Rs.2440 the previous week.During the outgoing week, intra-day trade touched a high of Rs.2445 and a low of Rs.2331 .Spot Price Closed at Rs.2350 losing Rs.75 over Rs.2425 the previous week Market Buzz: Chana future drops at NMCE Chana futures were flat due to new crop arrivals, higher area, ample carry-forward stocks and concerns of government curbs. Acreage under chana has increased. If weather conditions remain favourable, chana output will again be on the higher side in the coming season. India's chana acreage as on Dec. 31 stood at 8.2 million hectares, compared with 7.87 million hectares the same period a year ago. In the Delhi spot market, the price ended steady at 2,375 rupees. Lower arrivals pushed up prices. However, demand continued to remain poor in the physical market. 3
  4. 4. Coffee rep bulk futures : JAN Series COFFEE REP BULK FUTURES PRICE TREND 7,800.00 7,750.00 7,700.00 7,650.00 (Rs/100 Kg) 7,600.00 7,550.00 7,500.00 7,450.00 7,400.00 7,350.00 7,300.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 7,703.00 7,722.00 7,703.00 7,710.00 7,425.00 04-Jan-10 7,710.00 7,784.00 7,685.00 7,685.00 7,375.00 05-Jan-10 7,685.00 7,750.00 7,635.00 7,695.00 7,380.00 06-Jan-10 7,695.00 7,718.00 7,695.00 7,700.00 7,375.00 07-Jan-10 7,700.00 7,765.00 7,680.00 7,695.00 7,370.00 08-Jan-10 7,695.00 7,775.00 7,660.00 7,675.00 7,325.00 09-Jan-10 7,675.00 7,782.00 7,675.00 7,765.00 7,325.00 Coffee rep bulk futures slightly up Coffee rep bulk futures JAN series Closed at Rs.7765 up by Rs.55 from Rs.7710 the previous week.During the outgoing week, intra-day trade touched a high of Rs.7784 and a low of Rs.7635 .Spot Price Closed at Rs.7325 losing Rs.100 over Rs.7425 the previous week Market Buzz: Coffee futures were range bound at NMCE. Brazil could have an all-time high coffee output in 2010 - between 45.89 million and 48.66 million tons of 60 kilo bags, says the first 2010 coffee forecast released by the National Commodities Corporation (Conab) on Thursday. Current record is from the 2002/2003 crop year, at 48.48 million bags. 4
  5. 5. Copra futures : JAN Series COPRA FUTURES PRICE TREND 3,552.00 3,532.00 3,512.00 (Rs/100 Kg) 3,492.00 3,472.00 3,452.00 3,432.00 3,412.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 3,394.00 3,520.00 3,394.70 3,458.00 3,417.00 04-Jan-10 3,388.00 3,527.00 3,388.80 3,474.00 3,440.00 05-Jan-10 3,404.00 3,540.00 3,404.50 3,516.00 3,500.00 06-Jan-10 3,586.00 3,586.30 3,520.00 3,555.00 3,500.00 07-Jan-10 3,483.00 3,625.00 3,483.90 3,517.00 3,475.00 08-Jan-10 3,446.00 3,580.00 3,446.70 3,526.00 3,466.00 09-Jan-10 3,455.00 3,580.00 3,455.50 3,511.00 3,466.00 Copra futures positive Copra futures JAN series Closed at Rs.3511 up by Rs.53 from Rs.3458 the previous week.During the outgoing week, intra-day trade touched a high of Rs.3625 and a low of Rs.3388.8 .Spot Price Closed at Rs.3466 gaining Rs.49 over Rs.3417 the previous week Market Buzz: Copra futures prices were upwards this week The State Cooperative Department is preparing to foray into procurement of fresh coconut through cooperative societies, The National Agricultural Cooperative Marketing Federation (NAFED) had approved the procurement of fresh coconuts by cooperatives. The plan was to procure fresh coconuts via primary cooperative societies, hand them over to the Marketfed, Kerafed and the Consumerfed, who in turn would process them into copra before handing over to NAFED but agencies deputed to procure fresh coconuts had failed miserably, which was why the cooperative department had decided to step in. 5
  6. 6. Guarseed futures : JAN Series GUARSEED 10 MT FUTURES PRICE TREND 2,738.00 2,718.00 2,698.00 (Rs/100 Kg) 2,678.00 2,658.00 2,638.00 2,618.00 2,598.00 2,578.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 2,749.00 2,766.00 2,742.00 2,744.00 2,685.00 04-Jan-10 2,744.00 2,744.00 2,663.00 2,663.00 2,625.00 05-Jan-10 2,663.00 2,666.00 2,636.00 2,636.00 2,590.00 06-Jan-10 2,636.00 2,656.00 2,602.00 2,604.00 2,595.00 07-Jan-10 2,604.00 2,656.00 2,553.00 2,617.00 2,590.00 08-Jan-10 2,617.00 2,629.00 2,600.00 2,628.00 2,583.00 09-Jan-10 2,628.00 2,653.00 2,612.00 2,614.00 2,590.00 Guarseed future drops Guarseed futures JAN series Closed at Rs.2614 down by Rs.130 from Rs.2744 the previous week.During the outgoing week, intra-day trade touched a high of Rs.2744 and a low of Rs.2553 .Spot Price Closed at Rs.2590 losing Rs.95 over Rs.2685 the previous week Market Buzz: NMCE Guar seed futures prices slipped this week India's guar futures traded in thin volume due to estimates of lower crop and thin arrivals. Lower area and poor yields due to patchy rains are estimated to have cut guar seed output by over 80 percent to 241,000 tonnes in top producer Rajasthan in 2009/10. 6
  7. 7. Isabgulseed futures : FEB Series ISABGULSEED FUTURES PRICE TREND 6,720.00 6,670.00 (Rs/100 Kg) 6,620.00 6,570.00 6,520.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 6,748.00 6,809.00 6,743.00 6,743.00 6,650.00 04-Jan-10 6,743.00 6,751.00 6,702.00 6,702.00 6,606.00 05-Jan-10 6,702.00 6,714.00 6,679.00 6,691.00 6,588.00 06-Jan-10 6,691.00 6,713.00 6,633.00 6,678.00 6,588.00 07-Jan-10 6,678.00 6,684.00 6,620.00 6,646.00 6,556.00 08-Jan-10 6,646.00 6,778.80 6,513.20 6,630.00 6,525.00 09-Jan-10 6,630.00 6,658.00 6,571.00 6,614.00 6,525.00 Isabgulseed futures southwards Isabgulseed futures FEB series Closed at Rs.6614 down by Rs.129 from Rs.6743 the previous week.During the outgoing week, intra-day trade touched a high of Rs.6778.8 and a low of Rs.6513.2 .Spot Price Closed at Rs.6525 losing Rs.125 over Rs.6650 the previous week Market Buzz: NMCE Isabgul futures dropped over the week New arrivals are due after a period of 3 months Gujarat has so far seen isabgul cultivation in 54,000 hectares Isabgul acreage in other isabgul growing states is likely to increase due to firm prices, which averaged around Rs. 1,000 per 20 kg 7
  8. 8. Pepper futures : JAN Series PEPPER FUTURES PRICE TREND 14,300.00 14,200.00 14,100.00 (Rs/100 Kg) 14,000.00 13,900.00 13,800.00 13,700.00 13,600.00 13,500.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 14,105.00 14,225.00 14,105.00 14,181.00 14,291.00 04-Jan-10 14,200.00 14,200.00 14,040.00 14,088.00 14,260.00 05-Jan-10 14,040.00 14,049.00 13,665.00 13,700.00 14,195.00 06-Jan-10 13,700.00 13,850.00 13,600.00 13,850.00 14,180.00 07-Jan-10 13,725.00 13,745.00 13,580.00 13,580.00 14,066.00 08-Jan-10 13,510.00 13,690.00 13,510.00 13,688.00 13,960.00 09-Jan-10 13,610.00 13,660.00 13,600.00 13,660.00 13,940.00 Pepper futures in red Pepper futures JAN series Closed at Rs.13660 down by Rs.521 from Rs.14181 the previous week.During the outgoing week, intra-day trade touched a high of Rs.14200 and a low of Rs.13510 .Spot Price Closed at Rs.13940 losing Rs.351 over Rs.14291 the previous week Market Buzz: NMCE Pepper futures were bearish this week The trend is weak for pepper as arrivals will pick up in the coming days. Pepper exports have remained sluggish throughout the year which began in April 2008, mainly due to premium Indian prices. Exports declined by 29 percent to 1,500 tonnes in November. India's pepper output in 2010 is expected around last year's levels, but prices are unlikely to fall sharply in coming months due to low carry-over stocks. 8
  9. 9. Rape/mustard seed futures : JAN Series RAPE/MUSTARD SEED FUTURES PRICE TREND 515.00 505.00 (Rs/20 Kg) 495.00 485.00 475.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 510.00 520.10 499.90 516.00 495.00 04-Jan-10 516.00 526.20 505.80 509.00 495.00 05-Jan-10 509.00 519.10 498.90 506.00 495.00 06-Jan-10 506.00 516.00 496.00 508.00 495.00 07-Jan-10 508.00 518.10 497.80 497.80 489.00 08-Jan-10 497.00 507.70 487.90 501.60 487.00 09-Jan-10 501.00 507.00 498.00 498.00 482.00 Rape/mustard seed futures negative Rape/mustard seed futures JAN series Closed at Rs.498 down by Rs.18 from Rs.516 the previous week.During the outgoing week, intra-day trade touched a high of Rs.526.2 and a low of Rs.487.9 .Spot Price Closed at Rs.482 losing Rs.13 over Rs.495 the previous week Market Buzz: Rape seed future dips this week Improved demand for mustard oil in the physical market has pushed up mustard seed prices. Acreage under rapeseed and mustard so far stood at 62.555 lakh hectares, as against 63.984 lakh hectares during this period last year. Arrivals were reported around 30,000 sacks in Rajasthan on the morning of 1 January 2010. Arrivals in Disa were reported at 500 quintals. In Dhanera, arrivals were down by 250 quintals at 550 quintals, while in Palanpur; arrivals were down by 300 quintals at 700 quintals. 9
  10. 10. Raw jute futures : JAN Series RAW JUTE FUTURES PRICE TREND 2,857.00 2,837.00 (Rs/100 Kg) 2,817.00 2,797.00 2,777.00 2,757.00 2,737.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 2,833.00 2,859.00 2,824.00 2,824.00 2,750.00 04-Jan-10 2,824.00 2,862.00 2,800.00 2,862.00 2,787.10 05-Jan-10 2,862.00 2,864.00 2,827.00 2,827.00 2,748.60 06-Jan-10 2,827.00 2,883.40 2,770.60 2,819.00 2,749.00 07-Jan-10 2,819.00 2,828.00 2,805.00 2,828.00 2,775.00 08-Jan-10 2,828.00 2,884.50 2,771.50 2,813.00 2,742.00 09-Jan-10 2,813.00 2,837.00 2,800.00 2,804.00 2,745.00 Raw jute future slips Raw jute futures JAN series Closed at Rs.2804 down by Rs.20 from Rs.2824 the previous week.During the outgoing week, intra-day trade touched a high of Rs.2884.5 and a low of Rs.2770.6 .Spot Price Closed at Rs.2745 losing Rs.5 over Rs.2750 the previous week Market Buzz: Raw jute futures turns red during the week With the jute workers going on a strike this week the prices are clueless about the directions 10
  11. 11. Rubber futures : JAN Series RUBBER FUTURES PRICE TREND 14,500.00 14,400.00 14,300.00 (Rs/100 Kg) 14,200.00 14,100.00 14,000.00 13,900.00 13,800.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 14,350.00 14,425.00 14,340.00 14,402.00 14,010.00 04-Jan-10 14,560.00 14,630.00 14,301.00 14,427.00 14,115.00 05-Jan-10 14,440.00 14,440.00 14,100.00 14,119.00 14,011.00 06-Jan-10 14,155.00 14,230.00 13,960.00 14,051.00 13,933.00 07-Jan-10 14,001.00 14,070.00 13,750.00 13,825.00 13,850.00 08-Jan-10 13,760.00 14,130.00 13,760.00 14,117.00 13,872.33 09-Jan-10 14,125.00 14,150.00 14,075.00 14,101.00 13,876.00 Rubber futures down Rubber futures JAN series Closed at Rs.14101 down by Rs.301 from Rs.14402 the previous week.During the outgoing week, intra-day trade touched a high of Rs.14630 and a low of Rs.13750 .Spot Price Closed at Rs.13876 losing Rs.134 over Rs.14010 the previous week Market Buzz: NMCE rubber futures prices drops this week Following the Government's announcement to promote rubber plantation in the North-East, the National Multi Commodity Exchange of India is all set to venture into the region. The exchange is in talks with consumers of rubber in the East and is exploring the possibility of setting up a delivery center for rubber in Kolkata or the North-East The Rubber Board is launching a new Web-based Distance Diagnostic Information System (DDIS), ‘The Rubber Clinic', to help the farmers in crop disease management. The clinic is a rapid diagnosis and identification system of pests and diseases of rubber. Accurate and timely diagnosis of diseases and pests and timely adoption of suitable control measurers is essential for a cash crop like rubber. 11
  12. 12. Sack futures : JAN Series SACK FUTURES PRICE TREND 3,027.60 3,017.60 (Rs/100 Bag) 3,007.60 2,997.60 2,987.60 2,977.60 2,967.60 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 3,023.00 3,083.40 2,962.60 3,011.00 2,972.60 04-Jan-10 3,011.00 3,031.00 2,980.00 3,031.00 2,972.60 05-Jan-10 3,031.00 3,050.00 2,993.00 3,014.00 2,972.60 06-Jan-10 3,014.00 3,048.00 2,980.00 3,032.00 2,972.60 07-Jan-10 3,032.00 3,050.00 2,990.00 3,019.00 2,992.50 08-Jan-10 3,019.00 3,079.30 2,958.70 3,023.00 2,992.50 09-Jan-10 3,023.00 3,070.00 2,990.00 3,017.00 2,992.50 Sack future upwards Sack futures JAN series Closed at Rs.3017 up by Rs.6 from Rs.3011 the previous week.During the outgoing week, intra-day trade touched a high of Rs.3079.3 and a low of Rs.2958.7 .Spot Price Closed at Rs.2992.5 gaining Rs.19.9 over Rs.2972.6 the previous week Market Buzz: NMCE Sack futures moved up this week Sack January 2010 series last traded around With the jute workers going on a strike this week the prices are clueless about the directions 12
  13. 13. Soyoil futures : JAN Series SOYOIL 10 MT FUTURES PRICE TREND 500.00 495.00 490.00 (Rs/10 Kg) 485.00 480.00 475.00 470.00 465.00 460.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 489.00 494.05 489.10 493.55 486.00 04-Jan-10 493.00 496.45 492.00 496.45 487.00 05-Jan-10 496.00 497.35 493.75 493.75 488.00 06-Jan-10 493.00 496.60 491.20 491.20 488.00 07-Jan-10 491.00 491.20 482.00 482.00 475.00 08-Jan-10 482.00 483.85 478.30 483.80 465.00 09-Jan-10 483.00 484.15 481.00 481.00 480.00 Soyoil futures weak Soyoil futures JAN series Closed at Rs.481 down by Rs.12.55 from Rs.493.55 the previous week.During the outgoing week, intra-day trade touched a high of Rs.497.35 and a low of Rs.478.3 .Spot Price Closed at Rs.480 losing Rs.6 over Rs.486 the previous week Market Buzz: NMCE soy oil futures were negative this week Despite fall in price of soybean demand is not picking up especially from crushers because of poor export enquiries for soy meal from South East Asian countries. There is no good demand for soybean in the spot market despite lower arrivals. 13
  14. 14. Turmeric futures : JAN Series TURMERIC FUTURES PRICE TREND 11,185.00 11,085.00 10,985.00 (Rs/100 Kg) 10,885.00 10,785.00 10,685.00 10,585.00 10,485.00 2-Jan- 3-Jan- 4-Jan- 5-Jan- 6-Jan- 7-Jan- 8-Jan- 9-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 02-Jan-10 10,470.00 10,547.00 10,470.00 10,547.00 11,000.00 04-Jan-10 10,547.00 10,742.00 10,547.00 10,742.00 11,250.00 05-Jan-10 10,742.00 10,742.00 10,651.00 10,653.00 11,188.00 06-Jan-10 10,653.00 10,653.00 10,453.00 10,490.00 10,930.00 07-Jan-10 10,490.00 10,589.00 10,410.00 10,589.00 10,825.00 08-Jan-10 10,589.00 10,710.00 10,589.00 10,707.00 10,770.00 09-Jan-10 10,707.00 10,814.00 10,707.00 10,814.00 10,800.00 Turmeric futures surges Turmeric futures JAN series Closed at Rs.10814 up by Rs.267 from Rs.10547 the previous week.During the outgoing week, intra-day trade touched a high of Rs.10814 and a low of Rs.10410 .Spot Price Closed at Rs.10800 losing Rs.200 over Rs.11000 the previous week Market Buzz: NMCE Turmeric futures rose this week India's turmeric futures traded steady on hopes of higher output and a drop in November exports outweighed good spot demand and dwindling stocks. Carry-forward stocks were low as output had fallen steeply last year due to low acreage and bad weather. Good spot demand amid lower stocks at the key trading centres is supporting turmeric futures. 14
  15. 15. SATURDAY SUMMARY Total Volume Traded 40670 Lots Total Value Recorded 918.47 Crores. * PEPPER FUTURES shows dual trends * CASTOR SEED 10 MT FUTURES drops * COFFEE REP BULK FUTURES up * RUBBER FUTURES in red * SACK FUTURES dips * GUARSEED 10 MT FUTURES slips * COPRA FUTURES turn southwards * ISABGULSEED FUTURES slips * RAPE/MUSTARD SEED FUTURES in red DISCLAIMER __________________________________________________________________________________________ The information in this report has been provided by National Multi-Commodity Exchange of India Ltd for general reference purposes only.Although Care has been taken to ensure the accuracy of the information /data in the report, there is no warranty or representation expressed or implied by National Multi-Commodity Exchange of India Ltd as to the accuracy or completeness of the materials herein. The Exchange shall not be liable for any claims or losses of any nature, arising directly or indirectly, from the use of application of the data or material accessed from this report For more details, contact: Neha Bhandari. +91 79 4008 6038 Or write to: research@nmce.com ; contact@nmce.com 15

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