Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.

1. Daily Commodity Report as on Tuesday, January 20, 2015
Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No - 1

2. Open High Low Close % Cng OI
Gold 27650 27770 27623 27700 0.17 8027
Silver 38967 39279 38872 39028 -0.08 10391
Alum. 113.05 113.35 111.35 111.85 -1.28 2716
Copper 358 360.85 350.85 352.8 -1.71 13718
Lead 113.5 115 112.8 114.05 0.22 2141
Nickel 905 908.6 887.1 888.6 -2.30 5508
Zinc 128.95 130.15 127.75 128 -0.93 2716
Crude 3037 3063 2973 2983 -1.26 35466
Nat. Gas 190.8 190.8 181.5 182.7 -5.24 6144
Chana 27650 27770 27623 27700 0.17 8027
Cardamom 1119 1128 1057.6 1074 -2.51 1436
Turmeric 9048 9240 9030 9116 1.33 35115
Jeera 16250 16835 16250 16835 3.98 15768
Dhaniya 7516 7638 7347 7463 -0.01 11130
Wheat 1666 1666 1643 1655 -0.42 3110
Soyabean 3470 3490 3454 3460 -0.46 89100
Ref. Oil 655 656 644.6 647.15 -1.11 74785
CPO 458.1 459.5 455.6 457 -0.39 1419
RMSeed 3440 3477 3436 3469 0.26 39180
Menthol 740.1 742.4 722.2 724.9 -1.91 8615
Cotton 14880 14890 14550 14620 -1.88 4752
USDINR 61.84 61.92 61.67 61.81 -0.34 1201000
EURINR 71.55 71.97 71.22 71.73 -0.28 40278
GBPINR 93.62 93.89 93.34 93.66 -0.71 21035
JPYINR 52.91 53.14 52.63 52.69 -0.98 12966
Chana prices ended with gains amid short covering due to poor spot supplies.
Turmeric prices ended with gains on short covering as new harvest is yet to pick up.
Currency
Jeera prices ended with gains riding on short-covering with low sowing area supporting higher prices.
Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No - 2
Natural gas prices dropped as weather forecasts predicted temperatures across U.S. would not be as cold as
previously thought.
Ref soyoil ended with losses on higher supply following robust imports data.
Cereals
Mentha oil prices dropped tracking a weak trend at spot market on lower demand.
Oil and Oilseeds & Others
Soyabean prices ended with losses on oversupply of the crop in global market and on weak demand for Indian meal
in export market.
Energy Copper dropped as prices seen pressure on caution over China's economy and this week's ECB meeting expected to
cap any upward momentum.
Zinc dropped oil prices dipped and investors worried about the economic health of top metals consumer China ahead
of key growth data.Pulses
Nickel prices ended with losses after global production outpaced demand for a fifth month.
Spices
Market Round upPrecious Metals
Gold settled flat as investors looked ahead to Thursday's meeting of ECB, amid speculation it will launch a
government bond-buying program.
Base Metal
Silver prices traded in the range as US market was closed as volatility in the wider markets boosted the metal's
appeal as a haven from risk.
Crude oil dropped on surplus concerns after Iraq’s oil minister said that Iraq is pumping crude oil at a record 4mb/d.

3. Silver settled at 39028 holds above 39000 mark as worries about global growth and turbulence in currency markets spurred investment demand for haven assets. A market rout after Switzerland unexpectedly abandoned a
cap on the franc last week triggered strong bids for gold, often seen as an alternative to risky assets, sending prices to their highest since September at $18.05. While it edged back from that level on Monday, bullion
remained supported as the market braced for further volatility in a critical week for the euro zone. Expectations are high that the European Central Bank will unveil a bond-buying stimulus package at a policy meeting on
Thursday, while the anti-bailout party Syriza maintains a lead in the polls going into Greece's general election on Sunday. Investors have been stocking up on the precious metal amid brewing concerns about the global
economy. A looming recession in Europe and worries about slowing growth in China have weighed on traders' appetite for risk, while a spate of disappointing economic data cast doubts on the health of the US recovery.
Lastweek global markets were further rattled by the Swiss National Bank's surprise decision to scrap its long-running cap on the value of the Swiss franc and lower the country's already negative interest rates. The moves
come amid expectations of a bond-buying program from the European Central Bank that would weaken the euro and complicate the SNB's efforts to keep the franc subdued. Technically market is under long liquidation as
market has witnessed drop in open interest by -5.15% to settled at 10391 while prices down -33 rupee, now Silver is getting support at 38841 and below same could see a test of 38653 level, And resistance is now likely to
be seen at 39248, a move above could see prices testing 39467.
Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No - 3
CLOSE 39028 RES-1 39248
Expectations are high that the European Central Bank will unveil a bond-buying stimulus
package at a policy meeting on Thursday
% CNG -0.08 RES-2 39467 SELL SILVER MAR @ 39450 SL 39800 TGT 39050-38600.MCX
HIGH 39279 SUP-1 38841
Silver prices traded in the range as US market was closed as volatility in the wider
markets boosted the metal's appeal as a haven from risk.
LOW 38872 P.P. 39060
A market rout after Switzerland unexpectedly abandoned a cap on the franc last week
triggered strong bids for prices, often seen as an alternative to risky assets.
Gold settled up 0.17% at 27700 traded in the range as trade volumes were expected to remain light on Monday, with U.S. markets closed for a holiday, but prices remained near a four-month peak, as investors awaited the
European Central Bank's monthly meeting later in the week, amid speculation it will launch a government bond-buying program. A broad market rout after Switzerland unexpectedly abandoned a cap on the franc last week
triggered demand for gold, seen as an alternative to risky assets. Traders were also anxiously awaiting the European Central Bank policy meeting this Thursday, which could see the unveiling of a bond-buying stimulus
package. The Sunday election in Greece, where the anti-bailout party Syriza maintains a lead in the polls, also added to nervousness in the market. Today China is likely to post its weakest growth since the global financial
crisis in the fourth quarter as its property market cooled, reinforcing expectations the government will have to roll out more stimulus measures to avoid a sharper slowdown. Also the uncertainties have seen investors piling
on to gold. Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, climbed 13.7 tonnes to 730.89 tonnes on Friday, its biggest one-day inflow in nearly 3-1/2 years. Meanwhile the Bundesbank
said on Monday it repatriated 120 tonnes of gold to Frankfurt from storage locations abroad last year, as part of a plan to store half of Germany's gold reserves in its own vaults from 2020. Technically market is under short
covering as market has witnessed drop in open interest by -2.11% to settled at 8027, now Gold is getting support at 27626 and below same could see a test of 27551 level, And resistance is now likely to be seen at 27773, a
move above could see prices testing 27845.
MCX Silver Mar 2015 TRADING IDEA
OPEN 38967 SUP-2 38653 Silver trading range for the day is 38653-39467.
CLOSE 27700 RES-1 27773
A market rout after Switzerland unexpectedly abandoned a cap on the franc last week
triggered strong bids for gold.
% CNG 0.17 RES-2 27845 SELL GOLD FEB @ 27850 SL 27950 TGT 27720-27560.MCX
HIGH 27770 SUP-1 27626
Gold settled flat as investors looked ahead to Thursday's meeting of ECB, amid speculation
it will launch a government bond-buying program.
LOW 27623 P.P. 27698
Recent economic data from the Asian nation has indicated that the recovery remains
fragile and may require further monetary stimulus.
MCX Gold Feb 2015 TRADING IDEA
OPEN 27650 SUP-2 27551 Gold trading range for the day is 27551-27845.

4. Copper settled down -1.71% at 352.80 fell sharply on Monday, as investors looked ahead to a raft of Chinese economic data due on Tuesday for further indications on the strength of the economy and the future path of
monetary policy. London copper climbed in early hours as prices recovered from last week's 5-1/2 year lows after China's state grid boosted spending plans, but caution over China's economy and this week's European
Central Bank meeting were expected to cap any upward momentum. As part of a broader package of stimulus to help shore up its struggling economy, China's state power grid on Friday announced plans to boost investment
by 24 percent this year to 420 billion yuan ($68 billion). While China is expected to report on Tuesday that economic growth slowed to 7.2 percent in the fourth quarter, the weakest since the global financial crisis, a Reuters
poll showed, keeping pressure on policymakers to roll out more stimulus measures. Meanwhile, the ECB could launch a government bond-buying programme with new money as soon as its Jan. 22 meeting, although Greek
elections three days later are a complication. Also Chinese hedge funds, once again linked to a powerful sell-off in copper last week, were probably replaying an aggressive short-selling strategy they have also used to target
iron ore and coal, according to industry sources. Technically market is under fresh selling as market has witnessed gain in open interest by 7.25% to settled at 13718 while prices down -6.15 rupee, now Copper is getting
support at 348.8 and below same could see a test of 344.8 level, And resistance is now likely to be seen at 358.8, a move above could see prices testing 364.8.
Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No - 4
CLOSE 352.8 RES-1 358.8
US Federal Reserve officials are likely to repeat in their statement that they can “be
patient” about rate increases at the FOMC meeting
% CNG -1.71 RES-2 364.8 SELL COPPER @ 354.50-355 SL ABV 358.50 TGT 351.20-348.50-345. MCX (STBT)
HIGH 360.9 SUP-1 348.8
Copper dropped as prices seen pressure on caution over China's economy and this week's
ECB meeting expected to cap any upward momentum.
LOW 350.9 P.P. 354.8
Copper prices failed to retain a boost from news that China's state grid boosted spending
plans.
Crudeoil settled down -1.26% at 2983 tracking weakness from Nymex Crude Oil which hold below $48 a barrel, as the market awaited data expected to show a slowdown in the world's second-biggest economy China. There
was no official settle for U.S. crude on Monday as U.S. markets were closed for the Martin Luther King Jr. Day holiday. China's annual economic growth likely slowed to 7.2 percent in the fourth quarter of last year, the
slowest pace since the first quarter of 2009 and short of Beijing's target of 7.5 percent. Also due are Chinese retail sales, industrial output and urban investment for December. Friday's gains came after IEA cut its forecast for
the increase in non-OPEC oil supply this year by 350,000 barrels a day, amid indications lower prices had begun to curb output in some areas, including North America. Industry research group Baker Hughes said Friday that
the number of rigs drilling for oil in the U.S. fell by 55 last week to 1,366, the lowest since October 2013. The number of oil rigs has declined in 11 of the last 14 weeks since hitting an all-time high of 1,609 in mid-October.
Concerns over weakening global demand combined with indications that the OPEC will not cut output to support oil markets have weighed on prices in recent months. At the same time, increasing supplies of crude oil from
North American shale formations have helped create a glut in world markets. While Concerns over weakening global demand combined with indications that the OPEC will not cut output to support oil markets have weighed
on prices in recent months. Technically market is getting support at 2949 and below same could see a test of 2916 level, And resistance is now likely to be seen at 3039, a move above could see prices testing 3096.
MCX Copper Feb 2015 TRADING IDEA
OPEN 358.0 SUP-2 344.8 Copper trading range for the day is 344.8-364.8.
CLOSE 2983 RES-1 3039
IEA cut its forecast for the increase in non-OPEC oil supply this year by 350kbls a day,
amid indications lower prices had begun to curb output in some areas.
% CNG -1.26 RES-2 3096 SELL CRUDE OIL FEB @ 3040 SL ABV 3085 TGT 3005-2972-2940. MCX (STBT)
HIGH 3063 SUP-1 2949
Crude oil dropped on surplus concerns after Iraq’s oil minister said that Iraq is pumping
crude oil at a record 4mb/d.
LOW 2973 P.P. 3006
Iraqi Oil Minister said that his country was pumping at a record pace of 4mbpd in Dec,
underlining concerns over a glut in global supplies.
MCX Crudeoil Feb 2015 TRADING IDEA
OPEN 3037 SUP-2 2916 Crudeoil trading range for the day is 2916-3096.

5. Nickel settled down -2.3% at 888.60 fell after the International Nickel Study Group (INSG) said that global nickel markets were in surplus for a fifth consecutive month in November. The INSG estimates the surplus in global
nickel markets narrowed from 13kt in October to 3kt in November. From January to November, the group estimates global nickel markets experienced a surplus of 51.6kt, down from a 138.5kt surplus for the same period
last year. The annual size of the nickel market is ~2Mt. Yesterday US markets were closed and the market lacked solid macroeconomic news. When combined with market pessimism toward China's Q4 GDP slated for release
today, commodity market was weighed down. Also Chinese Premier Li Keqiang stated at a plenary meeting of the State Council on Monday that the economy continues to face tremendous pressure this year, raising concerns
over China’s Q4 GDP growth. Markets expect the Chinese economy to have grown 7.3% in the final quarter of last year, slowing down from Q3, which reignited worries over China’s demand for base metals and crude. US
Federal Reserve officials are likely to repeat in their statement that they can “be patient” about rate increases at the Federal Open Market Committee meeting (Jan. 27-28). This means that the Fed may keep interest rates
unchanged ahead of this June, given that the 10-year Treasury yield has fallen below 2% and inflation remains under its target. Technically market is under fresh selling as market has witnessed gain in open interest by
21.38% to settled at 5508 while prices down -20.9 rupee, now Nickel is getting support at 881 and below same could see a test of 873.3 level, And resistance is now likely to be seen at 902.5, a move above could see prices
testing 916.3.
Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No - 5
CLOSE 888.6 RES-1 902.5
China's economy is predicted to grow 7 percent in 2015, and slow further to 6.8 percent
next year
% CNG -2.30 RES-2 916.3 SELL NICKEL JAN @ 900 SL 914 TGT 882-868.MCX
HIGH 908.6 SUP-1 881.0 Nickel prices ended with losses after global production outpaced demand for a fifth month.
LOW 887.1 P.P. 894.8
The surplus narrowed to 3,000 metric tons from 13,000 tons in October, the International
Nickel Study Group said.
Zinc settled down -0.93% at 128 fell back after briefly touching 130 level as Investors are expecting Chinese economy to slow down in Q4. China’s Q4 GDP, due for release Tuesday, is estimated to grow at a pace slower than
Q3. The Chinese government is also expected to cut its 2015 GDP growth target to 7%. Also Chinese Premier Li Keqiang stated at a plenary meeting of the State Council on Monday that the economy continues to face
tremendous pressure this year, raising concerns over China’s Q4 GDP growth. Markets expect the Chinese economy to have grown 7.3% in the final quarter of last year, slowing down from Q3, which reignited worries over
China’s demand for base metals and crude. While US Federal Reserve officials are likely to repeat in their statement that they can “be patient” about rate increases at the Federal Open Market Committee meeting (Jan. 27-
28). This means that the Fed may keep interest rates unchanged ahead of this June, given that the 10-year Treasury yield has fallen below 2% and inflation remains under its target. Also French President Francois Hollande
indicated on Monday that the European Central Bank (ECB) will announce to purchase sovereign bonds in the euro zone this Thursday. Expectations of quantitative easing by the ECB grew again. Greece’s presidential
election, due to be held on Friday, is also worth noting. As US stock market closed for Martin Luther King Jr. Technically market is under fresh selling as market has witnessed gain in open interest by 4.26% to settled at 2716
while prices down -1.2 rupee, now Zinc is getting support at 127.1 and below same could see a test of 126.2 level, And resistance is now likely to be seen at 129.5, a move above could see prices testing 131.
MCX Nickel Jan 2015 TRADING IDEA
OPEN 905.0 SUP-2 873.3 Nickel trading range for the day is 873.3-916.3.
CLOSE 128.0 RES-1 129.5
Technically market is under fresh selling as market has witnessed gain in open interest by
4.26% to settled at 2716
% CNG -0.93 RES-2 131.0 SELL ZINC @ 128-129 SL ABV 130.50 TGT 127.10-126.20-124.80. MCX (1-2 DAYS)
HIGH 130.2 SUP-1 127.1
Zinc dropped oil prices dipped and investors worried about the economic health of top
metals consumer China ahead of key growth data.
LOW 127.8 P.P. 128.6
China is likely to post its weakest growth since the global financial crisis in the fourth
quarter as its property market cooled
MCX Zinc Jan 2015 TRADING IDEA
OPEN 129.0 SUP-2 126.2 Zinc trading range for the day is 126.2-131.

6. Turmeric settled up by 1.33% at 9116 on poor arrivals in Erode market after mandies opened after a five-day break, Spot turmeric prices increased in Erode markets last week due to arrival of good quality turmeric. Traders,
especially exporters, procured good number of turmeric due to arrival of good quality produce. Many buyers were keen on buying quality hybrid turmeric and also local root variety turmeric. There are concerns over
production crop loss due to cyclone ‘Hudhud’ that hit Andhra Pradesh in Oct 2014. Demand for the commodity has been increasing rapidly from North India and from the medicinal and cosmetic industry. Sowing of Turmeric
in AP for the 2014-15 season is reported at 0.13 lakh ha, as against 0.1 lakh ha last year. The area in Telangana stood at 0.446 lakh ha against 0.431 lakh ha last year. While Exports in turmeric have increased by 10% to
43000 tonnes during Apr-Sep 2014 as compared to last year. The export target for the 2014-15 is 80000 tonnes according to Spice Board. According to spot Farmers arrivals will improve before the end of this week. Right
now Hybrid turmeric decreased by Rs. 400 a quintal, the local finger turmeric was lower by Rs. 300 a quintal and the root variety by Rs. 150-200 a quintal. In Nizamabad, a major spot market in AP, the price ended at 8052.6
rupees gained 37.6 rupees .Technically market is under short covering as market has witnessed drop in open interest by -0.52% to settled at 35115 while prices up 120 rupee, now Turmeric is getting support at 9016 and
below same could see a test of 8918 level, And resistance is now likely to be seen at 9226, a move above could see prices testing 9338.
Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No - 6
CLOSE 9116 RES-1 9226 NCDEX accredited warehouses turmeric stocks gained by 69 tonnes to 69 tonnes.
% CNG 1.33 RES-2 9338 BUY TURMERIC APR ABV 9140 SL 9000 TGT 9280-9420-9560.NCDEX
HIGH 9240 SUP-1 9016 Turmeric prices ended with gains on short covering as new harvest is yet to pick up.
LOW 9030 P.P. 9128
Prices also seen supported amid expectation of lower output from South India due to last
year's bad monsoon and crop damage from cyclone.
Chana settled up by 1.1% at 3410 amid short covering due to poor spot supplies. Domestic demand for chana is weak in local mandis as the quality available is of inferior variety. Chana arrivals were steady at 30 trucks as
compared to previous day. According to Ministry of Agriculture, total rabi pulses acreage till Jan. 16, 2015 is down by 11% to 133.41 lakh hectare (Ha.) as compared with last year’s area coverage of 149.17 lakh hectare
during the corresponding week. The area planted under chana is also down by 16% to 81.98 Lakh Ha against 98.16 lakh ha. in same corresponding week during last year. Lower prices on the back of record output and
comfortable supplies may force farmers to switch over to other remunerative crops such as mustard and coriander which could yield better returns. Due to this, the government has set a target of 9.3 million tons for chana
output for 2014-15 rabi season, down 5.87% compared to previous year. Worried over the fall in acreage and likely decline of output, the government extended the duty free of import of chana till Mar 31 2015. In 2013-14,
India produced record 9.9 million ton chana up from 8.8 million tons a year ago thanks to favourable 2013 monsoon. In Delhi spot market, chana dropped by -8.6 rupee to end at 3409.65 rupee per 100 kgs.Technically
market is under short covering as market has witnessed drop in open interest by -0.91% to settled at 104070 while prices up 37 rupee, now Chana is getting support at 3363 and below same could see a test of 3315 level,
And resistance is now likely to be seen at 3451, a move above could see prices testing 3491.
NCDEX Turmeric Apr 2015 TRADING IDEA
OPEN 9048 SUP-2 8918 Turmeric trading range for the day is 8918-9338.
CLOSE 3410 RES-1 3451 NCDEX accredited warehouses chana stocks gained by 132 tonnes to 34766 tonnes.
% CNG 1.10 RES-2 3491 BUY CHANA FEB @ 3400 SL 3365 TGT 3440-3490.NCDEX
HIGH 3443 SUP-1 3363 Chana prices ended with gains amid short covering due to poor spot supplies.
LOW 3355 P.P. 3403
Worried over the fall in acreage and likely decline of output, the government extended the
duty free of import of chana till Mar 31 2015.
NCDEX Chana Feb 2015 TRADING IDEA
OPEN 3375 SUP-2 3315 Chana trading range for the day is 3315-3491.

7. 117.4
116.2
115.2
110.8
111.8
113.0
2141
114.0
0.9
Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No - 7
Positive Positive
SPREAD 103 581 70.00 0.40 4.50 0.40 7.50
TREND Positive Positive Positive Positive Positive Positive Positive
0.80
873.3 110.2
27626 38841 2949 179.2 348.8
OI 8027 10391 35466 6144 13718 2716 5508 2716
124.7 859.5 109.1
127.1 881.0 111.1
126.2
P. POINT 27698 39060 3006 185.0 354.8
27479 38434 2859 169.9 338.8
SUPPORT 27551 38653 2916 175.7 344.8
358.8 129.5 902.5 113.1
128.6 894.8 112.2
RESISTANCE
27920 39655 3129 197.8 368.8 131.9 924.0 115.1
27845 39467 3096 194.3 364.8 131.0 916.3 114.2
27773 39248 3039 188.5
CLOSE 27700 39028 2983 182.7 352.8 128 888.6 111.85
Mentha oil settled down by -1.91% at 724.9 tracking a weak trend at spot market on lower demand. Besides, ample stock positions in the physical market due to increased arrivals from Chandausi in Uttar Pradesh too added
pressure on mentha oil prices. Reports of rains in some areas in growing state of UP kept trend slight weak for Mentha Oil as the sowing is set to start from February onwards. Rains at this time would be beneficial for the
crop sowing. Traders expect some more short term corrections before initiating fresh demand in mandis. Demand from pharmaceutical Industries and rise in exports could support the prices at the lower levels. At Sambhal
market sources reported arrivals at 40 Drums(1-drum=180kg), unchanged as compared to previous day’s arrival. At Barabanki market total arrivals are at 60 Drums(1-drum-180kg), lower by 40 Drums(1-drum-180kg) from
previous trading day. At Rampur market estimated market supply was at 4 Drums(1-drum=180kg), steady as against previous day’s arrival. At Bareilly market arrivals were reported at 2 Drums(1-drum-180kg), unchanged
as compared to previous day’s arrival. Mentha oil production is expected to fall this year by 30 per cent to 40,000 tonnes from 55,000 tonnes a year ago, with acreage under the commodity declining as farmers sentiment
were dampened due to lower prices. Technically market is under long liquidation as market has witnessed drop in open interest by -2.55% to settled at 8615 while prices down -14.1 rupee, now Menthaoil is getting support
at 717.2 and below same could see a test of 709.6 level, And resistance is now likely to be seen at 737.4, a move above could see prices testing 750.
DAILY MARKET LEVEL FOR METAL AND ENERGY
COMMODITIES GOLD SILVER CRUDE NAT.GAS COPPER ZINC NICKEL ALUMINUM LEAD
114.1
CLOSE 724.9 RES-1 737.4
Besides, ample stock positions in the physical market due to increased arrivals from
Chandausi in Uttar Pradesh too added pressure.
% CNG -1.91 RES-2 750.0 BUY MENTHA OIL JAN ABV 728 SL 730 TGT 738-746-756.MCX
HIGH 742.4 SUP-1 717.2 Menthaoil spot is at 848/-. Spot market is down by Rs.12/-.
LOW 722.2 P.P. 729.8 Mentha oil prices dropped tracking a weak trend at spot market on lower demand.
MCX Menthaoil Jan 2015 TRADING IDEA
OPEN 740.1 SUP-2 709.6 Menthaoil trading range for the day is 709.6-750.

8. 12:30pm EUR -0.003 0
2:30pm EUR 4.32B 5.40B
3:30pm EUR 40.1 34.9
3:30pm EUR 37.6 31.8
8:30pm USD 0 0
8:30pm USD 58 57
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
8
China's foreign direct investment (FDI) rose an annual 1.7 percent last year, although the pace
slowed from 2013 as a cooling economy and shifting drivers of growth weighed on offshore
investment flows. China attracted a record $119.56 billion from foreign investors last year compared
to $117.6 billion in 2013, the Ministry of Commerce said in a statement on its website. Outbound
direct investment (ODI) surged 14.1 percent to a new high of $102.9 billion as Chinese corporate
appetite for foreign investments grew, although ODI failed to overtake FDI as some had predicted,
the commerce ministry told reporters on Friday. ODI growth, however, slowed from 16.8 percent in
2013. Growth in FDI also slowed from 5.3 percent in 2013, and was the weakest in two years,
indicating that the economic cooldown and shifting composition of the Chinese economy are starting
to temper foreign sentiment. Investment flows into China are an important gauge of the health of the
world economy and is also a good indicator of where capital is flowing within the country.
Consumer sentiment in the U.S. has seen a significant improvement in the month of January,
according to a report released by the University of Michigan. The report showed that the preliminary
reading on the consumer sentiment index for January came in at 98.2 compared to the final
December reading of 93.6. Economists had expected the index to climb to a reading of 94.1. With the
much bigger than expected increase, the consumer sentiment index reached its highest level since
January of 2004. The jump by the headline index was partly due to a notable increase by the survey's
gauge of consumer expectations, which jumped to 91.6 in January from 86.4 in December. The
barometer of current economic conditions also climbed to 108.3 in January from 104.8 in the previous
month. The report also said one-year inflation expectations fell to 2.4 percent in January from 2.8
percent in December, while the five-year inflation outlook was unchanged at 2.8 percent.
Mustard acreage is estimated eight per cent lower at 64.99 lakh hectares (lh) as of Wednesday,
against 70.43 lh during the corresponding period a year ago. The estimate, made by the Solvent
Extractors’ Association of India, is below the five-year average of 67.5 lh. This follows a deficient
monsoon and just one spell of rain in December. Acreage is down this season as are water reservoir
levels in key growing States. For mustard, usually two or three cycles of water are needed in addition
to spells of rain. This season there’s been only one round of showers in December. Unless there’s
another at the end of this month and then next month again, mustard output is likely to be lower than
in 2013-14. The industry had pegged mustard output in 2013-14 at 72 lakh tonnes (lt). While no
survey has as yet been undertaken to determine this year’s estimate, it is feared that it could fall by
around 5 per cent to 65 lt. Mustard is traditionally sown in November and harvested by end-February-
March. In 2013-14, mustard contributed to 24 per cent of total oilseeds production. Rajasthan, the
main mustard-growing State, has seen the acreage drop to 26.4 lh from 30.5 lh. It’s still early to
determine how much production will drop by but a survey will be undertaken at the end of February
to assess crop number”. The Mustard Research and Promotion Consortium (MRPC), a non-
governmental R&D establishment, estimates 10-15 per cent lower acreage and the output to drop by
Bumper orange harvest in Vidarbha region and severe cold conditions in northern region and other
neighbouring states have affected the demand for kinnow grown in Punjab. As a result, growers here
are witnessing a dip of almost 50 per cent in price, compared to the previous season. Moreover, they
are in a situation when there are not enough wholesale buyers in the market, to lift their harvest at a
remunerative price. Kinnow price in wholesale market in Punjab is ruling around Rs 7-8 per kg and
the retail price is around Rs 20-25 per kg. While during the corresponding period last year, it was
between Rs 15-20 per kg and Rs 30-35 per kg respectively. Due to the subdued demand, contractors
are not coming forward to enter into pre-harvest contract with the farmers. As a result, 65-70 per
cent of the total farms are still looking for buyers. In 2013-14, the total area under kinnow cultivation
was 43,851 hectares. According to statistical abstract of the state, every year around 1,000-1,600
hectares are added under kinnow cultivation.
Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No -
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The collapse in oil prices is starting to slow growth in U.S. output, OPEC said, although the slowdown
will not prevent an increasing global surplus in 2015 and demand for the exporter group's oil falling to
its lowest in a decade. In a monthly report, the Organization of the Petroleum Exporting Countries
(OPEC) forecast demand for the group's oil would drop to 28.78 million barrels per day (bpd) in 2015,
down 140,000 bpd from its prior estimate and well over 1 million bpd less than it is currently
producing. Oil prices have fallen almost 60 percent since June, partly because OPEC in November
decided against cutting output to retain market share against rival suppliers. The rout has put
forecasts for the boom in U.S. output in the spotlight. At OPEC's meeting, top exporter Saudi Arabia
urged fellow members to combat the growth in supply from competing sources including U.S. shale,
which needs relatively high prices to be economic and has been eroding OPEC's market share. In the
report, OPEC forecast total U.S. oil supply will average 13.81 million bpd in 2015, up 950,000 bpd
from 2014. The growth rate is slower than the 1.05 million bpd expected last month, but the United
States is still by far the largest contributor to non-OPEC supply expansion.
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9. Date : Tuesday, January 20, 2015 URL : www.achiieversequitiesltd.com Page No - 9