WEEKLY COMMODITY REPORT                                                           Jan 18 to 23 , 2010




                               Coffee future drops, Pepper future range bound


TURNOVER DATA                                                                                 Rs .Crores
COMMODITIES                                                      CURRENT WEEK     PREVIOUS WEEK
ALUMINIUM 5 TON FUTURES                                                  399.05            218.10
CASTOR SEED 10 MT FUTURES                                                 41.47             39.47
CHANA FUTURES                                                            394.28            372.33
COFFEE REP BULK FUTURES                                                  105.33             88.06
COPPER FUTURES                                                           223.78            242.80
COPRA FUTURES                                                            167.43            130.36
GOLD FUTURES                                                              29.64             21.07
GOLD GUINEA FUTURES                                                      206.74            139.62
GUARGUM FUTURES                                                          114.69            101.99
GUARSEED 10 MT FUTURES                                                   803.62            675.47
ISABGULSEED FUTURES                                                      388.72            373.17
KILOGOLD FUTURES                                                         311.03            271.95
LEAD FUTURES                                                             377.01            394.05
MENTHOL CRYSTAL FUTURES                                                   14.25             11.23
NICKEL FUTURES                                                           850.97            658.39
PEPPER FUTURES                                                           111.48            106.43
RAPE/MUSTARD SEED FUTURES                                              1,324.32          1,179.64
RAW JUTE FUTURES                                                         143.40            114.12
RUBBER FUTURES                                                           441.32            419.73
SACK FUTURES                                                             544.08            609.66
SILVER FUTURES                                                           162.59            135.91
SOYOIL 10 MT FUTURES                                                     677.09            734.85
TURMERIC FUTURES                                                         248.93            249.15
ZINC FUTURES                                                             320.05            375.42
Total                                                                  8,401.27          7,662.97

HIGHLIGHTS OF THE WEEK
Tough times ahead for soyabean processors
Pepper futures drop
Spot rubber turns weak on global cues
Guar gum slips on weak demand
High arrival keeps Chana bearish
Soybean down, dull exports to blame
Turmeric recovers, difficult to sustain up trend
Pepper down on dull export demand

In the week ended Jan, 23, 2010 , NMCE Recorded a turnover of Rs.8,401.27 Crs as compared to
Rs.7662.97 Crs last week




                                                                                                           1
SERIES TREND DURING THIS WEEK

Castor seed futures : FEB Series


                                  CASTOR SEED 10 MT FUTURES PRICE TREND


                 2,880.00

                 2,860.00
   (Rs/100 Kg)




                 2,840.00

                 2,820.00

                 2,800.00

                 2,780.00

                 2,760.00
                             16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                               10      10      10      10      10      10      10      10
                                                      CLOSE      SPOT



   DATE                      OPEN        HIGH         LOW       CLOSE         SPOT
 16-Jan-10                  2,890.00   2,893.00     2,875.00    2,887.00     2,860.00
 18-Jan-10                  2,892.00   2,892.00     2,858.00    2,862.00     2,850.00
 19-Jan-10                  2,860.00   2,860.00     2,847.00    2,847.00     2,850.00
 20-Jan-10                  2,845.00   2,857.00     2,827.00    2,827.00     2,850.00
 21-Jan-10                  2,828.00   2,833.00     2,797.00    2,797.00     2,790.00
 22-Jan-10                  2,792.00   2,792.00     2,775.00    2,782.00     2,765.00
 23-Jan-10                  2,780.00   2,803.00     2,780.00    2,797.00     2,765.00

Castor seed futures negative

Castor seed futures FEB series Closed at Rs.2797 down by Rs.90 from Rs.2887 the previous
week.During the outgoing week, intra-day trade touched a high of Rs.2892 and a low of Rs.2775 .Spot
Price Closed at Rs.2765 losing Rs.95 over Rs.2860 the previous week.


Market Buzz:
  NMCE castor seed futures steadily declined through out this week from Rs.2,887 to Rs.2,797 per
qntl.
  Castor seed arrivals in Rajkot were 25,000 bags (75 kg per bag) daily




                                                                                                      2
Chana futures : FEB Series

                                       CHANA FUTURES PRICE TREND

                2,443.00
                2,423.00
                2,403.00
  (Rs/100 Kg)




                2,383.00
                2,363.00
                2,343.00
                2,323.00
                2,303.00
                2,283.00
                           16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                             10      10      10      10      10      10      10      10
                                                   CLOSE       SPOT




DATE      OPEN     HIGH     LOW      CLOSE    SPOT
 16-Jan-10 2,436.00 2,452.00 2,431.00 2,452.00 2,390.00
 18-Jan-10 2,452.00 2,454.00 2,408.00 2,408.00 2,390.00
 19-Jan-10 2,408.00 2,408.00 2,358.00 2,358.00 2,355.00
 20-Jan-10 2,358.00 2,404.00 2,312.00 2,353.00 2,369.00
 21-Jan-10 2,353.00 2,399.00 2,288.00 2,288.00 2,350.00
 22-Jan-10 2,306.00 2,306.00 2,262.00 2,294.00 2,313.00
 23-Jan-10 2,294.00 2,315.00 2,273.00 2,315.00 2,325.00

Chana futures southwards

Chana futures FEB series Closed at Rs.2315 down by Rs.137 from Rs.2452 the previous week.During
the outgoing week, intra-day trade touched a high of Rs.2454 and a low of Rs.2262 .Spot Price Closed at
Rs.2325 losing Rs.65 over Rs.2390 the previous week


Market Buzz:
  Chana futures saw a downwards trend this week with the near series last trading around
Rs.2,281 per qntl
  Arrivals are rising from southern India, but demand is not improving
  In Delhi spot market, price fell by 33 rupees to 2,317 rupees per 100 kg
  India's chana acreage as on Jan. 14 stood at 8.6 million hectares, compared with 8.17 million
hectares in the same period a year ago.




                                                                                                          3
Coffee rep bulk futures : JAN Series

                                     COFFEE REP BULK FUTURES PRICE TREND
                    7,900.00
                    7,800.00
                    7,700.00
      (Rs/100 Kg)




                    7,600.00
                    7,500.00
                    7,400.00
                    7,300.00
                    7,200.00
                    7,100.00
                               16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                                 10      10      10      10      10      10      10      10

                                                       CLOSE      SPOT




DATE      OPEN     HIGH     LOW      CLOSE    SPOT
 16-Jan-10 7,835.00 7,846.00 7,830.00 7,840.00 7,315.00
 18-Jan-10 7,840.00 7,861.00 7,820.00 7,830.00 7,320.00
 19-Jan-10 7,830.00 7,910.00 7,710.00 7,730.00 7,275.00
 20-Jan-10 7,730.00 7,730.00 7,660.00 7,680.00 7,265.00
 21-Jan-10 7,680.00 7,680.00 7,611.00 7,630.00 7,225.00
 22-Jan-10 7,630.00 7,630.00 7,573.00 7,590.00 7,175.00
 23-Jan-10 7,590.00 7,590.00 7,560.00 7,580.00 7,185.00

Coffee rep bulk future drops

Coffee rep bulk futures JAN series Closed at Rs.7580 down by Rs.260 from Rs.7840 the previous
week.During the outgoing week, intra-day trade touched a high of Rs.7910 and a low of Rs.7560 .Spot
Price Closed at Rs.7185 losing Rs.130 over Rs.7315 the previous week


Market Buzz:



  NMCE Coffee futures saw a bearish week pass by with the near series price falling to levels of
Rs.7,580 per qntl
  The old season crop remained largely unsold except Robusta Cherry PB and AB grades which
received good buying interest.
  Colombia's coffee production was the lowest in three decades last year due to adverse weather
conditions and low fertiliser use
  Last year's coffee output - a marked departure from mid-decade, when production was relatively
stable at roughly 11 million bags annually - stood at its lowest level since the end of the 1970s.
  Last year's coffee output - a marked departure from mid-decade, when production was relatively
stable at roughly 11 million bags annually - stood at its lowest level since the end of the 1970s.
  Coffee exports last year were also adversely affected by the drop in output, falling 28.82 percent
relative to 2008 to 7.9 million bags, also the lowest total in three decades.




                                                                                                       4
Copra futures : FEB Series


                                       COPRA FUTURES PRICE TREND


                3,645.00

                3,625.00
  (Rs/100 Kg)




                3,605.00

                3,585.00

                3,565.00

                3,545.00
                           16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                             10      10      10      10      10      10      10      10
                                                   CLOSE       SPOT



DATE      OPEN     HIGH     LOW      CLOSE    SPOT
 16-Jan-10 3,572.00 3,695.00 3,572.10 3,650.00 3,580.00
 18-Jan-10 3,577.00 3,722.80 3,577.00 3,639.00 3,566.00
 19-Jan-10 3,566.00 3,695.00 3,566.20 3,626.00 3,566.00
 20-Jan-10 3,553.00 3,665.00 3,553.50 3,619.00 3,566.00
 21-Jan-10 3,691.00 3,691.40 3,581.00 3,628.00 3,550.00
 22-Jan-10 3,555.00 3,630.00 3,555.40 3,615.00 3,566.00
 23-Jan-10 3,542.00 3,660.00 3,542.70 3,604.00 3,566.00

Copra futures negative

Copra futures FEB series Closed at Rs.3604 down by Rs.46 from Rs.3650 the previous week.During the
outgoing week, intra-day trade touched a high of Rs.3722.8 and a low of Rs.3542.7 .Spot Price Closed at
Rs.3566 losing Rs.14 over Rs.3580 the previous week


Market Buzz:

  Copra futures tries to re gain losses made during the week, last trading around Rs.3,660 per qntl
  Market fundamentals remain more or less unchanged
  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.




                                                                                                          5
Guarseed futures : FEB Series


                                   GUARSEED 10 MT FUTURES PRICE TREND

                 2,495.00


                 2,445.00
   (Rs/100 Kg)




                 2,395.00


                 2,345.00


                 2,295.00
                            16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                              10      10      10      10      10      10      10      10

                                                    CLOSE      SPOT



DATE      OPEN     HIGH     LOW      CLOSE    SPOT
 16-Jan-10 2,483.00 2,532.00 2,434.00 2,492.00 2,460.00
 18-Jan-10 2,492.00 2,541.00 2,443.00 2,506.00 2,475.00
 19-Jan-10 2,506.00 2,555.00 2,456.00 2,456.00 2,433.00
 20-Jan-10 2,456.00 2,504.00 2,408.00 2,443.00 2,412.00
 21-Jan-10 2,443.00 2,491.00 2,370.00 2,372.00 2,380.00
 22-Jan-10 2,372.00 2,418.00 2,301.00 2,301.00 2,300.00
 23-Jan-10 2,301.00 2,347.00 2,256.00 2,347.00 2,340.00

Guarseed future weakens

Guarseed futures FEB series Closed at Rs.2347 down by Rs.145 from Rs.2492 the previous
week.During the outgoing week, intra-day trade touched a high of Rs.2555 and a low of Rs.2256 .Spot
Price Closed at Rs.2340 losing Rs.120 over Rs.2460 the previous week


Market Buzz:

  NMCE guarseed futures were bearish
  Near series last traded around levels of Rs.2,350 per qntl
  Worries about rising stocks, weak overseas demand for guar gum and dull spot market led to
weakness
  In top guar producing Rajasthan state in 2009/10 output is likely to drop by 80 percent to 241,000
tonnes as scanty rains trimmed area and yields.
  India's guar seed futures extended losses softening more than 1 percent




                                                                                                       6
Isabgulseed futures : FEB Series

                                    ISABGULSEED FUTURES PRICE TREND


                6,395.00

                6,375.00
  (Rs/100 Kg)




                6,355.00

                6,335.00

                6,315.00

                6,295.00
                           16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                             10      10      10      10      10      10      10      10
                                                   CLOSE       SPOT




DATE      OPEN     HIGH     LOW      CLOSE    SPOT
 16-Jan-10 6,481.00 6,489.00 6,405.00 6,407.00 6,325.00
 18-Jan-10 6,407.00 6,535.00 6,279.00 6,379.00 6,319.00
 19-Jan-10 6,379.00 6,416.00 6,325.00 6,367.00 6,300.00
 20-Jan-10 6,367.00 6,380.00 6,355.00 6,380.00 6,300.00
 21-Jan-10 6,380.00 6,397.00 6,370.00 6,397.00 6,338.00
 22-Jan-10 6,397.00 6,402.00 6,380.00 6,381.00 6,325.00
 23-Jan-10 6,381.00 6,398.00 6,369.00 6,369.00 6,313.00

Isabgulseed futures in red

Isabgulseed futures FEB series Closed at Rs.6369 down by Rs.38 from Rs.6407 the previous
week.During the outgoing week, intra-day trade touched a high of Rs.6535 and a low of Rs.6279 .Spot
Price Closed at Rs.6313 losing Rs.12 over Rs.6325 the previous week


Market Buzz:
  NMCE Isabgul futures were almost stable this week
  The near series traded around Rs.6,369 per qntl towards the end of the week
  With majority of current season crop being drunk, there is a serious fall in the carry forward
stock
  The carry forward stock last year was about 3.5 lac bags
  As against this the carry forward stock this year is estimated to be only around 50,000 bags
  The current crop production is expected to rise by 15%
  This is why the prices are under control
  The new crop is expected to arrive after 2 months
  The new stock in Rajasthan and MP is expected to be good so the prices may not rise




                                                                                                      7
Pepper futures : FEB Series

                                        PEPPER FUTURES PRICE TREND

                  13,370.00

                  13,320.00
    (Rs/100 Kg)




                  13,270.00

                  13,220.00

                  13,170.00

                  13,120.00

                  13,070.00
                              16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                                10      10      10      10      10      10      10      10
                                                     CLOSE       SPOT



DATE                    OPEN          HIGH         LOW          CLOSE        SPOT
 16-Jan-10               13,380.00     13,380.00    13,266.00    13,300.00    13,340.00
 18-Jan-10               13,265.00     13,300.00    13,085.00    13,149.00    13,316.00
 19-Jan-10               13,150.00     13,300.00    13,025.00    13,075.00    13,235.00
 20-Jan-10               13,165.00     13,370.00    13,130.00    13,348.00    13,243.00
 21-Jan-10               13,380.00     13,384.00    13,160.00    13,203.00    13,398.00
 22-Jan-10               13,190.00     13,190.00    12,925.00    13,097.00    13,194.00
 23-Jan-10               13,125.00     13,328.00    13,080.00    13,303.00    13,304.00

Pepper futures range bound

Pepper futures FEB series Closed at Rs.13303 up by Rs.3 from Rs.13300 the previous week.During the
outgoing week, intra-day trade touched a high of Rs.13384 and a low of Rs.12925 .Spot Price Closed at
Rs.13304 losing Rs.36 over Rs.13340 the previous week


Market Buzz:

  NMCE Pepper futures prices were more or less firm over the week
  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
  Export demand also remained weak alongwith poor domestic offtake which further hurt
sentiment




                                                                                                         8
Rape/mustard seed futures : FEB Series

                              RAPE/MUSTARD SEED FUTURES PRICE TREND

              469.00
              464.00
              459.00
 (Rs/20 Kg)




              454.00
              449.00
              444.00
              439.00
              434.00
                       16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                         10      10      10      10      10      10      10      10

                                               CLOSE       SPOT



DATE       OPEN      HIGH      LOW       CLOSE     SPOT
 16-Jan-10    464.00    470.10    454.80    461.00    465.00
 18-Jan-10    461.00    470.10    451.90    458.00    460.00
 19-Jan-10    458.00    467.10    448.90    455.00    461.00
 20-Jan-10    455.00    464.00    446.00    451.00    455.00
 21-Jan-10    451.00    459.90    442.10    445.00    460.00
 22-Jan-10    445.00    453.80    436.20    439.00    458.00
 23-Jan-10    439.00    447.70    430.30    442.00    453.00

Rape/mustard seed future slips

Rape/mustard seed futures FEB series Closed at Rs.442 down by Rs.19 from Rs.461 the previous
week.During the outgoing week, intra-day trade touched a high of Rs.470.1 and a low of Rs.430.3 .Spot
Price Closed at Rs.453 losing Rs.12 over Rs.465 the previous week


Market Buzz:

  Rapeseed futures weakened over the week
  Near series last traded around Rs.442 per 20 kg
  Rapeseed prices in India's northern Rajasthan state including state capital Jaipur depicted an
easy trend
  The total arrivals of rapeseed in Rajasthan today were placed at 22,000-27,000 bags of 85 kg
each.




                                                                                                        9
Raw jute futures : JAN Series


                                     RAW JUTE FUTURES PRICE TREND

               2,705.00
               2,695.00
               2,685.00
 (Rs/100 Kg)




               2,675.00
               2,665.00
               2,655.00
               2,645.00
               2,635.00
               2,625.00
               2,615.00
                          16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                            10      10      10      10      10      10      10      10
                                                  CLOSE       SPOT



DATE      OPEN     HIGH     LOW      CLOSE    SPOT
 16-Jan-10 2,718.00 2,723.00 2,703.00 2,703.00 2,643.00
 18-Jan-10 2,703.00 2,725.00 2,671.00 2,671.00 2,620.00
 19-Jan-10 2,671.00 2,679.00 2,650.00 2,679.00 2,628.00
 20-Jan-10 2,679.00 2,686.00 2,669.00 2,674.00 2,647.90
 21-Jan-10 2,674.00 2,680.00 2,661.00 2,661.00 2,625.00
 22-Jan-10 2,661.00 2,664.00 2,641.00 2,654.00 2,626.40
 23-Jan-10 2,654.00 2,673.00 2,647.00 2,647.00 2,620.70

Raw jute future drops

Raw jute futures JAN series Closed at Rs.2647 down by Rs.56 from Rs.2703 the previous week.During
the outgoing week, intra-day trade touched a high of Rs.2725 and a low of Rs.2641 .Spot Price Closed at
Rs.2620.7 losing Rs.22.3 over Rs.2643 the previous week


Market Buzz:
  NMCE Raw Jute futures moved southwards this week
  Near series moved below Rs.2,650 per qntl this week
  The ban on imports of jute products from Bangladesh and Nepal into the country, as demanded
by the Indian Jute Mills Association might encourage more use of alternative packaging materials
thereby causing loss to the jute industry
  The annual prolonged and indefinite strikes by jute mill workers have caused irreparable damage
to the consumers and users of jute cloth and bags for their packaging requirements
  Many large industries have already switched over from jute bags to woven poly sacks and it is
very regrettable that neither the mill owners nor the trade unions are concerned over the loss of
these markets for jute products




                                                                                                          10
Rubber futures : FEB Series


                                        RUBBER FUTURES PRICE TREND


               14,300.00

               14,150.00
 (Rs/100 Kg)




               14,000.00

               13,850.00

               13,700.00

               13,550.00

               13,400.00
                            16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                              10      10      10      10      10      10      10      10
                                                      CLOSE      SPOT



DATE                       OPEN         HIGH         LOW          CLOSE        SPOT
 16-Jan-10                  14,350.00    14,374.00    14,276.00    14,303.00    14,000.00
 18-Jan-10                  14,250.00    14,392.00    14,190.00    14,353.00    13,933.00
 19-Jan-10                  14,390.00    14,390.00    14,231.00    14,281.00    13,996.70
 20-Jan-10                  14,300.00    14,315.00    14,138.00    14,164.00    13,995.00
 21-Jan-10                  14,190.00    14,230.00    13,926.00    13,980.00    13,969.00
 22-Jan-10                  13,770.00    13,870.00    13,600.00    13,747.00    13,789.00
 23-Jan-10                  13,645.00    13,650.00    13,300.00    13,364.00    13,628.00

Rubber futures lacks lusture

Rubber futures FEB series Closed at Rs.13364 down by Rs.939 from Rs.14303 the previous
week.During the outgoing week, intra-day trade touched a high of Rs.14392 and a low of Rs.13300 .Spot
Price Closed at Rs.13628 losing Rs.372 over Rs.14000 the previous week


Market Buzz:




  NMCE Rubber futures plunged this week to levels even below Rs.13,500
  Sharp declines on the Tokyo rubber futures and the corresponding weakness in the domestic
futures depressed the market mood to a great extent
  Vietnam expects to increase rubber exports by 3.3 percent to 750,000 tonnes this year, betting on
an economic recovery in its main markets, including top buyer China
  Vietnam's export projection is small compared with the 2.8 million tonnes forecast this year by
Thailand, the world's top exporter, where rubber prices are at their highest in over half a century.
  The higher export target is based on a recovery in importing markets like China and also other
countries such as India and Malaysia
  China's economy is likely to grow faster in 2010 than previously forecast, at a rate of 9.5 percent
  China bought 67 percent of Vietnam's rubber exports last year.
  In total, Vietnam, the world's fourth-largest exporter after Thailand, Indonesia and Malaysia,
shipped 726,000 tonnes in 2009, up 10.3 percent from 2008, government data shows.
  Other traditional buyers of Vietnamese rubber are Japan, Russia, South Korea and the United States.




                                                                                                        11
Sack futures : FEB Series


                                         SACK FUTURES PRICE TREND


                  3,057.50
                  3,047.50
   (Rs/100 Bag)




                  3,037.50
                  3,027.50
                  3,017.50
                  3,007.50
                  2,997.50
                  2,987.50
                             16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                               10      10      10      10      10      10      10      10
                                                     CLOSE       SPOT



DATE      OPEN     HIGH     LOW      CLOSE    SPOT
 16-Jan-10 3,048.00 3,090.00 3,010.00 3,057.00 2,992.50
 18-Jan-10 3,057.00 3,090.00 3,020.00 3,041.00 2,992.50
 19-Jan-10 3,041.00 3,080.00 3,010.00 3,024.00 2,992.50
 20-Jan-10 3,024.00 3,084.40 2,963.60 3,050.00 2,992.50
 21-Jan-10 3,050.00 3,111.00 3,020.00 3,062.00 2,992.50
 22-Jan-10 3,062.00 3,123.10 3,000.90 3,044.00 2,992.50
 23-Jan-10 3,044.00 3,065.00 3,020.00 3,037.00 2,992.50

Sack futures negative

Sack futures FEB series Closed at Rs.3037 down by Rs.20 from Rs.3057 the previous week.During the
outgoing week, intra-day trade touched a high of Rs.3123.1 and a low of Rs.2963.6 .Spot Price Closed at
Rs.2992.5 gaining Rs.0 over Rs.2992.5 the previous week


Market Buzz:

  NMCE sack futures prices were uncertain this week gaining on certain days and falling on other
days
  The annual prolonged and indefinite strikes by jute mill workers have caused irreparable damage
to the consumers and users of jute cloth and bags for their packaging requirements
  Many large industries have already switched over from jute bags to woven poly sacks and it is
very regrettable that neither the mill owners nor the trade unions are concerned over the loss of
these markets for jute products
  The government and the sugar industry are the key buyers of jute products in the country and
the prolonged strike has affected the supply of jute bags




                                                                                                          12
Soyoil futures : FEB Series


                                   SOYOIL 10 MT FUTURES PRICE TREND


                472.00


                467.00
   (Rs/10 Kg)




                462.00


                457.00

                452.00
                         16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                           10      10      10      10      10      10      10      10

                                                 CLOSE       SPOT



DATE       OPEN      HIGH      LOW       CLOSE     SPOT
 16-Jan-10    468.00    478.20    459.50    463.00    470.00
 18-Jan-10    463.00    466.50    458.35    466.50    464.00
 19-Jan-10    463.00    475.80    457.20    462.10    464.00
 20-Jan-10    461.00    471.30    455.00    461.00    464.00
 21-Jan-10    461.00    465.40    460.50    460.50    463.00
 22-Jan-10    461.00    461.10    455.55    457.00    459.00
 23-Jan-10    457.00    458.60    456.15    458.60    458.00

Soyoil futures range bound

Soyoil futures FEB series Closed at Rs.458.6 down by Rs.4.4 from Rs.463 the previous week.During the
outgoing week, intra-day trade touched a high of Rs.475.8 and a low of Rs.455 .Spot Price Closed at
Rs.458 losing Rs.12 over Rs.470 the previous week


Market Buzz:

  NMCE soy oil futures weakened over this week
  Near series last traded at Rs. 458.6 per 10 kg
  Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee (APMC) moved
down on lack of demand from local crushing plants.
  No takers for soyabean oil & soymeal, easy condition on Madhya Pradesh soya mandi and
reports about good output of soyabean in America forced to push down prices in thin trading
activity.




                                                                                                       13
Turmeric futures : FEB Series


                                      TURMERIC FUTURES PRICE TREND


                 10,555.00

                 10,355.00
   (Rs/100 Kg)




                 10,155.00

                  9,955.00

                  9,755.00

                  9,555.00
                             16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan-
                               10      10      10      10      10      10      10      10
                                                     CLOSE       SPOT



DATE      OPEN     HIGH     LOW      CLOSE                                  SPOT
 16-Jan-10 9,667.00 9,715.00 9,667.00 9,690.00                               10,650.00
 18-Jan-10 9,690.00 9,740.00 9,690.00 9,740.00                               10,575.00
 19-Jan-10 9,740.00 9,750.00 9,570.00 9,580.00                               10,400.00
 20-Jan-10 9,580.00 9,687.00 9,515.00 9,560.00                               10,450.00
 21-Jan-10 9,560.00 9,694.00 9,525.00 9,694.00                               10,400.00
 22-Jan-10 9,694.00 9,810.00 9,689.00 9,810.00                               10,450.00
 23-Jan-10 9,810.00 9,877.00 9,810.00 9,870.00                               10,450.00

Turmeric future climbs

Turmeric futures FEB series Closed at Rs.9870 up by Rs.180 from Rs.9690 the previous week.During
the outgoing week, intra-day trade touched a high of Rs.9877 and a low of Rs.9515 .Spot Price Closed at
Rs.10450 losing Rs.200 over Rs.10650 the previous week


Market Buzz:

  NMCE Turmeric futures improved over the week
  Near series last traded at Rs.9,870 per qntl
  India's turmeric futures ended higher on short-covering driven by depleting stocks, though
estimates of higher output and weak exports limited the upside
  India's turmeric exports in November dropped by 33 percent to 3,000 tonnes
  Turmeric arrivals usually start in mid-January in small quantities and gain momentum from
March.
  The peak season runs till June.




                                                                                                          14
SATURDAY SUMMARY

Total Volume Traded 44714 Lots
Total Value Recorded 783.01 Crores.
*   PEPPER FUTURES upwards
*   CASTOR SEED 10 MT FUTURES in green
*   COFFEE REP BULK FUTURES weakens
*   RUBBER FUTURES in red
*   SACK FUTURES dips
*   GUARSEED 10 MT FUTURES gains
*   COPRA FUTURES turn southwards
*   ISABGULSEED FUTURES slips
*   RAPE/MUSTARD SEED FUTURES turn northwards


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

NMCE commodity report 25th Jan 2010

  • 1.
    WEEKLY COMMODITY REPORT Jan 18 to 23 , 2010 Coffee future drops, Pepper future range bound TURNOVER DATA Rs .Crores COMMODITIES CURRENT WEEK PREVIOUS WEEK ALUMINIUM 5 TON FUTURES 399.05 218.10 CASTOR SEED 10 MT FUTURES 41.47 39.47 CHANA FUTURES 394.28 372.33 COFFEE REP BULK FUTURES 105.33 88.06 COPPER FUTURES 223.78 242.80 COPRA FUTURES 167.43 130.36 GOLD FUTURES 29.64 21.07 GOLD GUINEA FUTURES 206.74 139.62 GUARGUM FUTURES 114.69 101.99 GUARSEED 10 MT FUTURES 803.62 675.47 ISABGULSEED FUTURES 388.72 373.17 KILOGOLD FUTURES 311.03 271.95 LEAD FUTURES 377.01 394.05 MENTHOL CRYSTAL FUTURES 14.25 11.23 NICKEL FUTURES 850.97 658.39 PEPPER FUTURES 111.48 106.43 RAPE/MUSTARD SEED FUTURES 1,324.32 1,179.64 RAW JUTE FUTURES 143.40 114.12 RUBBER FUTURES 441.32 419.73 SACK FUTURES 544.08 609.66 SILVER FUTURES 162.59 135.91 SOYOIL 10 MT FUTURES 677.09 734.85 TURMERIC FUTURES 248.93 249.15 ZINC FUTURES 320.05 375.42 Total 8,401.27 7,662.97 HIGHLIGHTS OF THE WEEK Tough times ahead for soyabean processors Pepper futures drop Spot rubber turns weak on global cues Guar gum slips on weak demand High arrival keeps Chana bearish Soybean down, dull exports to blame Turmeric recovers, difficult to sustain up trend Pepper down on dull export demand In the week ended Jan, 23, 2010 , NMCE Recorded a turnover of Rs.8,401.27 Crs as compared to Rs.7662.97 Crs last week 1
  • 2.
    SERIES TREND DURINGTHIS WEEK Castor seed futures : FEB Series CASTOR SEED 10 MT FUTURES PRICE TREND 2,880.00 2,860.00 (Rs/100 Kg) 2,840.00 2,820.00 2,800.00 2,780.00 2,760.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 2,890.00 2,893.00 2,875.00 2,887.00 2,860.00 18-Jan-10 2,892.00 2,892.00 2,858.00 2,862.00 2,850.00 19-Jan-10 2,860.00 2,860.00 2,847.00 2,847.00 2,850.00 20-Jan-10 2,845.00 2,857.00 2,827.00 2,827.00 2,850.00 21-Jan-10 2,828.00 2,833.00 2,797.00 2,797.00 2,790.00 22-Jan-10 2,792.00 2,792.00 2,775.00 2,782.00 2,765.00 23-Jan-10 2,780.00 2,803.00 2,780.00 2,797.00 2,765.00 Castor seed futures negative Castor seed futures FEB series Closed at Rs.2797 down by Rs.90 from Rs.2887 the previous week.During the outgoing week, intra-day trade touched a high of Rs.2892 and a low of Rs.2775 .Spot Price Closed at Rs.2765 losing Rs.95 over Rs.2860 the previous week. Market Buzz: NMCE castor seed futures steadily declined through out this week from Rs.2,887 to Rs.2,797 per qntl. Castor seed arrivals in Rajkot were 25,000 bags (75 kg per bag) daily 2
  • 3.
    Chana futures :FEB Series CHANA FUTURES PRICE TREND 2,443.00 2,423.00 2,403.00 (Rs/100 Kg) 2,383.00 2,363.00 2,343.00 2,323.00 2,303.00 2,283.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 2,436.00 2,452.00 2,431.00 2,452.00 2,390.00 18-Jan-10 2,452.00 2,454.00 2,408.00 2,408.00 2,390.00 19-Jan-10 2,408.00 2,408.00 2,358.00 2,358.00 2,355.00 20-Jan-10 2,358.00 2,404.00 2,312.00 2,353.00 2,369.00 21-Jan-10 2,353.00 2,399.00 2,288.00 2,288.00 2,350.00 22-Jan-10 2,306.00 2,306.00 2,262.00 2,294.00 2,313.00 23-Jan-10 2,294.00 2,315.00 2,273.00 2,315.00 2,325.00 Chana futures southwards Chana futures FEB series Closed at Rs.2315 down by Rs.137 from Rs.2452 the previous week.During the outgoing week, intra-day trade touched a high of Rs.2454 and a low of Rs.2262 .Spot Price Closed at Rs.2325 losing Rs.65 over Rs.2390 the previous week Market Buzz: Chana futures saw a downwards trend this week with the near series last trading around Rs.2,281 per qntl Arrivals are rising from southern India, but demand is not improving In Delhi spot market, price fell by 33 rupees to 2,317 rupees per 100 kg India's chana acreage as on Jan. 14 stood at 8.6 million hectares, compared with 8.17 million hectares in the same period a year ago. 3
  • 4.
    Coffee rep bulkfutures : JAN Series COFFEE REP BULK FUTURES PRICE TREND 7,900.00 7,800.00 7,700.00 (Rs/100 Kg) 7,600.00 7,500.00 7,400.00 7,300.00 7,200.00 7,100.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 7,835.00 7,846.00 7,830.00 7,840.00 7,315.00 18-Jan-10 7,840.00 7,861.00 7,820.00 7,830.00 7,320.00 19-Jan-10 7,830.00 7,910.00 7,710.00 7,730.00 7,275.00 20-Jan-10 7,730.00 7,730.00 7,660.00 7,680.00 7,265.00 21-Jan-10 7,680.00 7,680.00 7,611.00 7,630.00 7,225.00 22-Jan-10 7,630.00 7,630.00 7,573.00 7,590.00 7,175.00 23-Jan-10 7,590.00 7,590.00 7,560.00 7,580.00 7,185.00 Coffee rep bulk future drops Coffee rep bulk futures JAN series Closed at Rs.7580 down by Rs.260 from Rs.7840 the previous week.During the outgoing week, intra-day trade touched a high of Rs.7910 and a low of Rs.7560 .Spot Price Closed at Rs.7185 losing Rs.130 over Rs.7315 the previous week Market Buzz: NMCE Coffee futures saw a bearish week pass by with the near series price falling to levels of Rs.7,580 per qntl The old season crop remained largely unsold except Robusta Cherry PB and AB grades which received good buying interest. Colombia's coffee production was the lowest in three decades last year due to adverse weather conditions and low fertiliser use Last year's coffee output - a marked departure from mid-decade, when production was relatively stable at roughly 11 million bags annually - stood at its lowest level since the end of the 1970s. Last year's coffee output - a marked departure from mid-decade, when production was relatively stable at roughly 11 million bags annually - stood at its lowest level since the end of the 1970s. Coffee exports last year were also adversely affected by the drop in output, falling 28.82 percent relative to 2008 to 7.9 million bags, also the lowest total in three decades. 4
  • 5.
    Copra futures :FEB Series COPRA FUTURES PRICE TREND 3,645.00 3,625.00 (Rs/100 Kg) 3,605.00 3,585.00 3,565.00 3,545.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 3,572.00 3,695.00 3,572.10 3,650.00 3,580.00 18-Jan-10 3,577.00 3,722.80 3,577.00 3,639.00 3,566.00 19-Jan-10 3,566.00 3,695.00 3,566.20 3,626.00 3,566.00 20-Jan-10 3,553.00 3,665.00 3,553.50 3,619.00 3,566.00 21-Jan-10 3,691.00 3,691.40 3,581.00 3,628.00 3,550.00 22-Jan-10 3,555.00 3,630.00 3,555.40 3,615.00 3,566.00 23-Jan-10 3,542.00 3,660.00 3,542.70 3,604.00 3,566.00 Copra futures negative Copra futures FEB series Closed at Rs.3604 down by Rs.46 from Rs.3650 the previous week.During the outgoing week, intra-day trade touched a high of Rs.3722.8 and a low of Rs.3542.7 .Spot Price Closed at Rs.3566 losing Rs.14 over Rs.3580 the previous week Market Buzz: Copra futures tries to re gain losses made during the week, last trading around Rs.3,660 per qntl Market fundamentals remain more or less unchanged 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. 5
  • 6.
    Guarseed futures :FEB Series GUARSEED 10 MT FUTURES PRICE TREND 2,495.00 2,445.00 (Rs/100 Kg) 2,395.00 2,345.00 2,295.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 2,483.00 2,532.00 2,434.00 2,492.00 2,460.00 18-Jan-10 2,492.00 2,541.00 2,443.00 2,506.00 2,475.00 19-Jan-10 2,506.00 2,555.00 2,456.00 2,456.00 2,433.00 20-Jan-10 2,456.00 2,504.00 2,408.00 2,443.00 2,412.00 21-Jan-10 2,443.00 2,491.00 2,370.00 2,372.00 2,380.00 22-Jan-10 2,372.00 2,418.00 2,301.00 2,301.00 2,300.00 23-Jan-10 2,301.00 2,347.00 2,256.00 2,347.00 2,340.00 Guarseed future weakens Guarseed futures FEB series Closed at Rs.2347 down by Rs.145 from Rs.2492 the previous week.During the outgoing week, intra-day trade touched a high of Rs.2555 and a low of Rs.2256 .Spot Price Closed at Rs.2340 losing Rs.120 over Rs.2460 the previous week Market Buzz: NMCE guarseed futures were bearish Near series last traded around levels of Rs.2,350 per qntl Worries about rising stocks, weak overseas demand for guar gum and dull spot market led to weakness In top guar producing Rajasthan state in 2009/10 output is likely to drop by 80 percent to 241,000 tonnes as scanty rains trimmed area and yields. India's guar seed futures extended losses softening more than 1 percent 6
  • 7.
    Isabgulseed futures :FEB Series ISABGULSEED FUTURES PRICE TREND 6,395.00 6,375.00 (Rs/100 Kg) 6,355.00 6,335.00 6,315.00 6,295.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 6,481.00 6,489.00 6,405.00 6,407.00 6,325.00 18-Jan-10 6,407.00 6,535.00 6,279.00 6,379.00 6,319.00 19-Jan-10 6,379.00 6,416.00 6,325.00 6,367.00 6,300.00 20-Jan-10 6,367.00 6,380.00 6,355.00 6,380.00 6,300.00 21-Jan-10 6,380.00 6,397.00 6,370.00 6,397.00 6,338.00 22-Jan-10 6,397.00 6,402.00 6,380.00 6,381.00 6,325.00 23-Jan-10 6,381.00 6,398.00 6,369.00 6,369.00 6,313.00 Isabgulseed futures in red Isabgulseed futures FEB series Closed at Rs.6369 down by Rs.38 from Rs.6407 the previous week.During the outgoing week, intra-day trade touched a high of Rs.6535 and a low of Rs.6279 .Spot Price Closed at Rs.6313 losing Rs.12 over Rs.6325 the previous week Market Buzz: NMCE Isabgul futures were almost stable this week The near series traded around Rs.6,369 per qntl towards the end of the week With majority of current season crop being drunk, there is a serious fall in the carry forward stock The carry forward stock last year was about 3.5 lac bags As against this the carry forward stock this year is estimated to be only around 50,000 bags The current crop production is expected to rise by 15% This is why the prices are under control The new crop is expected to arrive after 2 months The new stock in Rajasthan and MP is expected to be good so the prices may not rise 7
  • 8.
    Pepper futures :FEB Series PEPPER FUTURES PRICE TREND 13,370.00 13,320.00 (Rs/100 Kg) 13,270.00 13,220.00 13,170.00 13,120.00 13,070.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 13,380.00 13,380.00 13,266.00 13,300.00 13,340.00 18-Jan-10 13,265.00 13,300.00 13,085.00 13,149.00 13,316.00 19-Jan-10 13,150.00 13,300.00 13,025.00 13,075.00 13,235.00 20-Jan-10 13,165.00 13,370.00 13,130.00 13,348.00 13,243.00 21-Jan-10 13,380.00 13,384.00 13,160.00 13,203.00 13,398.00 22-Jan-10 13,190.00 13,190.00 12,925.00 13,097.00 13,194.00 23-Jan-10 13,125.00 13,328.00 13,080.00 13,303.00 13,304.00 Pepper futures range bound Pepper futures FEB series Closed at Rs.13303 up by Rs.3 from Rs.13300 the previous week.During the outgoing week, intra-day trade touched a high of Rs.13384 and a low of Rs.12925 .Spot Price Closed at Rs.13304 losing Rs.36 over Rs.13340 the previous week Market Buzz: NMCE Pepper futures prices were more or less firm over the week 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 Export demand also remained weak alongwith poor domestic offtake which further hurt sentiment 8
  • 9.
    Rape/mustard seed futures: FEB Series RAPE/MUSTARD SEED FUTURES PRICE TREND 469.00 464.00 459.00 (Rs/20 Kg) 454.00 449.00 444.00 439.00 434.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 464.00 470.10 454.80 461.00 465.00 18-Jan-10 461.00 470.10 451.90 458.00 460.00 19-Jan-10 458.00 467.10 448.90 455.00 461.00 20-Jan-10 455.00 464.00 446.00 451.00 455.00 21-Jan-10 451.00 459.90 442.10 445.00 460.00 22-Jan-10 445.00 453.80 436.20 439.00 458.00 23-Jan-10 439.00 447.70 430.30 442.00 453.00 Rape/mustard seed future slips Rape/mustard seed futures FEB series Closed at Rs.442 down by Rs.19 from Rs.461 the previous week.During the outgoing week, intra-day trade touched a high of Rs.470.1 and a low of Rs.430.3 .Spot Price Closed at Rs.453 losing Rs.12 over Rs.465 the previous week Market Buzz: Rapeseed futures weakened over the week Near series last traded around Rs.442 per 20 kg Rapeseed prices in India's northern Rajasthan state including state capital Jaipur depicted an easy trend The total arrivals of rapeseed in Rajasthan today were placed at 22,000-27,000 bags of 85 kg each. 9
  • 10.
    Raw jute futures: JAN Series RAW JUTE FUTURES PRICE TREND 2,705.00 2,695.00 2,685.00 (Rs/100 Kg) 2,675.00 2,665.00 2,655.00 2,645.00 2,635.00 2,625.00 2,615.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 2,718.00 2,723.00 2,703.00 2,703.00 2,643.00 18-Jan-10 2,703.00 2,725.00 2,671.00 2,671.00 2,620.00 19-Jan-10 2,671.00 2,679.00 2,650.00 2,679.00 2,628.00 20-Jan-10 2,679.00 2,686.00 2,669.00 2,674.00 2,647.90 21-Jan-10 2,674.00 2,680.00 2,661.00 2,661.00 2,625.00 22-Jan-10 2,661.00 2,664.00 2,641.00 2,654.00 2,626.40 23-Jan-10 2,654.00 2,673.00 2,647.00 2,647.00 2,620.70 Raw jute future drops Raw jute futures JAN series Closed at Rs.2647 down by Rs.56 from Rs.2703 the previous week.During the outgoing week, intra-day trade touched a high of Rs.2725 and a low of Rs.2641 .Spot Price Closed at Rs.2620.7 losing Rs.22.3 over Rs.2643 the previous week Market Buzz: NMCE Raw Jute futures moved southwards this week Near series moved below Rs.2,650 per qntl this week The ban on imports of jute products from Bangladesh and Nepal into the country, as demanded by the Indian Jute Mills Association might encourage more use of alternative packaging materials thereby causing loss to the jute industry The annual prolonged and indefinite strikes by jute mill workers have caused irreparable damage to the consumers and users of jute cloth and bags for their packaging requirements Many large industries have already switched over from jute bags to woven poly sacks and it is very regrettable that neither the mill owners nor the trade unions are concerned over the loss of these markets for jute products 10
  • 11.
    Rubber futures :FEB Series RUBBER FUTURES PRICE TREND 14,300.00 14,150.00 (Rs/100 Kg) 14,000.00 13,850.00 13,700.00 13,550.00 13,400.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 14,350.00 14,374.00 14,276.00 14,303.00 14,000.00 18-Jan-10 14,250.00 14,392.00 14,190.00 14,353.00 13,933.00 19-Jan-10 14,390.00 14,390.00 14,231.00 14,281.00 13,996.70 20-Jan-10 14,300.00 14,315.00 14,138.00 14,164.00 13,995.00 21-Jan-10 14,190.00 14,230.00 13,926.00 13,980.00 13,969.00 22-Jan-10 13,770.00 13,870.00 13,600.00 13,747.00 13,789.00 23-Jan-10 13,645.00 13,650.00 13,300.00 13,364.00 13,628.00 Rubber futures lacks lusture Rubber futures FEB series Closed at Rs.13364 down by Rs.939 from Rs.14303 the previous week.During the outgoing week, intra-day trade touched a high of Rs.14392 and a low of Rs.13300 .Spot Price Closed at Rs.13628 losing Rs.372 over Rs.14000 the previous week Market Buzz: NMCE Rubber futures plunged this week to levels even below Rs.13,500 Sharp declines on the Tokyo rubber futures and the corresponding weakness in the domestic futures depressed the market mood to a great extent Vietnam expects to increase rubber exports by 3.3 percent to 750,000 tonnes this year, betting on an economic recovery in its main markets, including top buyer China Vietnam's export projection is small compared with the 2.8 million tonnes forecast this year by Thailand, the world's top exporter, where rubber prices are at their highest in over half a century. The higher export target is based on a recovery in importing markets like China and also other countries such as India and Malaysia China's economy is likely to grow faster in 2010 than previously forecast, at a rate of 9.5 percent China bought 67 percent of Vietnam's rubber exports last year. In total, Vietnam, the world's fourth-largest exporter after Thailand, Indonesia and Malaysia, shipped 726,000 tonnes in 2009, up 10.3 percent from 2008, government data shows. Other traditional buyers of Vietnamese rubber are Japan, Russia, South Korea and the United States. 11
  • 12.
    Sack futures :FEB Series SACK FUTURES PRICE TREND 3,057.50 3,047.50 (Rs/100 Bag) 3,037.50 3,027.50 3,017.50 3,007.50 2,997.50 2,987.50 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 3,048.00 3,090.00 3,010.00 3,057.00 2,992.50 18-Jan-10 3,057.00 3,090.00 3,020.00 3,041.00 2,992.50 19-Jan-10 3,041.00 3,080.00 3,010.00 3,024.00 2,992.50 20-Jan-10 3,024.00 3,084.40 2,963.60 3,050.00 2,992.50 21-Jan-10 3,050.00 3,111.00 3,020.00 3,062.00 2,992.50 22-Jan-10 3,062.00 3,123.10 3,000.90 3,044.00 2,992.50 23-Jan-10 3,044.00 3,065.00 3,020.00 3,037.00 2,992.50 Sack futures negative Sack futures FEB series Closed at Rs.3037 down by Rs.20 from Rs.3057 the previous week.During the outgoing week, intra-day trade touched a high of Rs.3123.1 and a low of Rs.2963.6 .Spot Price Closed at Rs.2992.5 gaining Rs.0 over Rs.2992.5 the previous week Market Buzz: NMCE sack futures prices were uncertain this week gaining on certain days and falling on other days The annual prolonged and indefinite strikes by jute mill workers have caused irreparable damage to the consumers and users of jute cloth and bags for their packaging requirements Many large industries have already switched over from jute bags to woven poly sacks and it is very regrettable that neither the mill owners nor the trade unions are concerned over the loss of these markets for jute products The government and the sugar industry are the key buyers of jute products in the country and the prolonged strike has affected the supply of jute bags 12
  • 13.
    Soyoil futures :FEB Series SOYOIL 10 MT FUTURES PRICE TREND 472.00 467.00 (Rs/10 Kg) 462.00 457.00 452.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 468.00 478.20 459.50 463.00 470.00 18-Jan-10 463.00 466.50 458.35 466.50 464.00 19-Jan-10 463.00 475.80 457.20 462.10 464.00 20-Jan-10 461.00 471.30 455.00 461.00 464.00 21-Jan-10 461.00 465.40 460.50 460.50 463.00 22-Jan-10 461.00 461.10 455.55 457.00 459.00 23-Jan-10 457.00 458.60 456.15 458.60 458.00 Soyoil futures range bound Soyoil futures FEB series Closed at Rs.458.6 down by Rs.4.4 from Rs.463 the previous week.During the outgoing week, intra-day trade touched a high of Rs.475.8 and a low of Rs.455 .Spot Price Closed at Rs.458 losing Rs.12 over Rs.470 the previous week Market Buzz: NMCE soy oil futures weakened over this week Near series last traded at Rs. 458.6 per 10 kg Soyabean prices in the Nagpur Agriculture Produce and Marketing Committee (APMC) moved down on lack of demand from local crushing plants. No takers for soyabean oil & soymeal, easy condition on Madhya Pradesh soya mandi and reports about good output of soyabean in America forced to push down prices in thin trading activity. 13
  • 14.
    Turmeric futures :FEB Series TURMERIC FUTURES PRICE TREND 10,555.00 10,355.00 (Rs/100 Kg) 10,155.00 9,955.00 9,755.00 9,555.00 16-Jan- 17-Jan- 18-Jan- 19-Jan- 20-Jan- 21-Jan- 22-Jan- 23-Jan- 10 10 10 10 10 10 10 10 CLOSE SPOT DATE OPEN HIGH LOW CLOSE SPOT 16-Jan-10 9,667.00 9,715.00 9,667.00 9,690.00 10,650.00 18-Jan-10 9,690.00 9,740.00 9,690.00 9,740.00 10,575.00 19-Jan-10 9,740.00 9,750.00 9,570.00 9,580.00 10,400.00 20-Jan-10 9,580.00 9,687.00 9,515.00 9,560.00 10,450.00 21-Jan-10 9,560.00 9,694.00 9,525.00 9,694.00 10,400.00 22-Jan-10 9,694.00 9,810.00 9,689.00 9,810.00 10,450.00 23-Jan-10 9,810.00 9,877.00 9,810.00 9,870.00 10,450.00 Turmeric future climbs Turmeric futures FEB series Closed at Rs.9870 up by Rs.180 from Rs.9690 the previous week.During the outgoing week, intra-day trade touched a high of Rs.9877 and a low of Rs.9515 .Spot Price Closed at Rs.10450 losing Rs.200 over Rs.10650 the previous week Market Buzz: NMCE Turmeric futures improved over the week Near series last traded at Rs.9,870 per qntl India's turmeric futures ended higher on short-covering driven by depleting stocks, though estimates of higher output and weak exports limited the upside India's turmeric exports in November dropped by 33 percent to 3,000 tonnes Turmeric arrivals usually start in mid-January in small quantities and gain momentum from March. The peak season runs till June. 14
  • 15.
    SATURDAY SUMMARY Total VolumeTraded 44714 Lots Total Value Recorded 783.01 Crores. * PEPPER FUTURES upwards * CASTOR SEED 10 MT FUTURES in green * COFFEE REP BULK FUTURES weakens * RUBBER FUTURES in red * SACK FUTURES dips * GUARSEED 10 MT FUTURES gains * COPRA FUTURES turn southwards * ISABGULSEED FUTURES slips * RAPE/MUSTARD SEED FUTURES turn northwards 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