TURNOVER DATA

HIGHLIGHTS OF THE WEEKTough times ahead for soyabean processorsPepper 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 blameTurmeric recovers, difficult to sustain up trend Pepper down on dull export demand

Coffee future drops, Pepper future range bound

Total 8,401.27 7,662.97

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

TURMERIC FUTURES 248.93 249.15 ZINC FUTURES 320.05 375.42

SILVER FUTURES 162.59 135.91 SOYOIL 10 MT FUTURES 677.09 734.85

RUBBER FUTURES 441.32 419.73 SACK FUTURES 544.08 609.66

RAPE/MUSTARD SEED FUTURES 1,324.32 1,179.64 RAW JUTE FUTURES 143.40 114.12

NICKEL FUTURES 850.97 658.39 PEPPER FUTURES 111.48 106.43

LEAD FUTURES 377.01 394.05 MENTHOL CRYSTAL FUTURES 14.25 11.23

ISABGULSEED FUTURES 388.72 373.17 KILOGOLD FUTURES 311.03 271.95

GUARGUM FUTURES 114.69 101.99 GUARSEED 10 MT FUTURES 803.62 675.47

GOLD FUTURES 29.64 21.07 GOLD GUINEA FUTURES 206.74 139.62

COPPER FUTURES 223.78 242.80 COPRA FUTURES 167.43 130.36

CHANA FUTURES 394.28 372.33 COFFEE REP BULK FUTURES 105.33 88.06

ALUMINIUM 5 TON FUTURES 399.05 218.10 CASTOR SEED 10 MT FUTURES 41.47 39.47

WEEKLY COMMODITY REPORT

PREVIOUS WEEKCURRENT WEEKCOMMODITIESRs .Crores

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Jan 18 to 23 , 2010

1

SERIES TREND DURING THIS WEEK

Castor seed futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 2,890.00 2,893.00 2,875.00 2,887.00 2,860.0018-Jan-10 2,892.00 2,892.00 2,858.00 2,862.00 2,850.0019-Jan-10 2,860.00 2,860.00 2,847.00 2,847.00 2,850.0020-Jan-10 2,845.00 2,857.00 2,827.00 2,827.00 2,850.0021-Jan-10 2,828.00 2,833.00 2,797.00 2,797.00 2,790.0022-Jan-10 2,792.00 2,792.00 2,775.00 2,782.00 2,765.0023-Jan-10 2,780.00 2,803.00 2,780.00 2,797.00 2,765.00

Castor seed futures negative

Market Buzz:

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.

� 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

CASTOR SEED 10 MT FUTURES PRICE TREND

2,760.00

2,780.00

2,800.00

2,820.00

2,840.00

2,860.00

2,880.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

2

Chana futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 2,436.00 2,452.00 2,431.00 2,452.00 2,390.0018-Jan-10 2,452.00 2,454.00 2,408.00 2,408.00 2,390.0019-Jan-10 2,408.00 2,408.00 2,358.00 2,358.00 2,355.0020-Jan-10 2,358.00 2,404.00 2,312.00 2,353.00 2,369.0021-Jan-10 2,353.00 2,399.00 2,288.00 2,288.00 2,350.0022-Jan-10 2,306.00 2,306.00 2,262.00 2,294.00 2,313.0023-Jan-10 2,294.00 2,315.00 2,273.00 2,315.00 2,325.00

Chana futures southwards

Market Buzz:

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

� 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.

CHANA FUTURES PRICE TREND

2,283.00

2,303.00

2,323.00

2,343.00

2,363.00

2,383.00

2,403.00

2,423.00

2,443.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

3

Coffee rep bulk futures : JAN Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 7,835.00 7,846.00 7,830.00 7,840.00 7,315.0018-Jan-10 7,840.00 7,861.00 7,820.00 7,830.00 7,320.0019-Jan-10 7,830.00 7,910.00 7,710.00 7,730.00 7,275.0020-Jan-10 7,730.00 7,730.00 7,660.00 7,680.00 7,265.0021-Jan-10 7,680.00 7,680.00 7,611.00 7,630.00 7,225.0022-Jan-10 7,630.00 7,630.00 7,573.00 7,590.00 7,175.0023-Jan-10 7,590.00 7,590.00 7,560.00 7,580.00 7,185.00

Coffee rep bulk future drops

Market Buzz:

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

� 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.

COFFEE REP BULK FUTURES PRICE TREND

7,100.00

7,200.00

7,300.00

7,400.00

7,500.00

7,600.00

7,700.00

7,800.00

7,900.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

4

Copra futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 3,572.00 3,695.00 3,572.10 3,650.00 3,580.0018-Jan-10 3,577.00 3,722.80 3,577.00 3,639.00 3,566.0019-Jan-10 3,566.00 3,695.00 3,566.20 3,626.00 3,566.0020-Jan-10 3,553.00 3,665.00 3,553.50 3,619.00 3,566.0021-Jan-10 3,691.00 3,691.40 3,581.00 3,628.00 3,550.0022-Jan-10 3,555.00 3,630.00 3,555.40 3,615.00 3,566.0023-Jan-10 3,542.00 3,660.00 3,542.70 3,604.00 3,566.00

Copra futures negative

Market Buzz:

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

� 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.

COPRA FUTURES PRICE TREND

3,545.00

3,565.00

3,585.00

3,605.00

3,625.00

3,645.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

5

Guarseed futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 2,483.00 2,532.00 2,434.00 2,492.00 2,460.0018-Jan-10 2,492.00 2,541.00 2,443.00 2,506.00 2,475.0019-Jan-10 2,506.00 2,555.00 2,456.00 2,456.00 2,433.0020-Jan-10 2,456.00 2,504.00 2,408.00 2,443.00 2,412.0021-Jan-10 2,443.00 2,491.00 2,370.00 2,372.00 2,380.0022-Jan-10 2,372.00 2,418.00 2,301.00 2,301.00 2,300.0023-Jan-10 2,301.00 2,347.00 2,256.00 2,347.00 2,340.00

Guarseed future weakens

Market Buzz:

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

� 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

GUARSEED 10 MT FUTURES PRICE TREND

2,295.00

2,345.00

2,395.00

2,445.00

2,495.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

6

Isabgulseed futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 6,481.00 6,489.00 6,405.00 6,407.00 6,325.0018-Jan-10 6,407.00 6,535.00 6,279.00 6,379.00 6,319.0019-Jan-10 6,379.00 6,416.00 6,325.00 6,367.00 6,300.0020-Jan-10 6,367.00 6,380.00 6,355.00 6,380.00 6,300.0021-Jan-10 6,380.00 6,397.00 6,370.00 6,397.00 6,338.0022-Jan-10 6,397.00 6,402.00 6,380.00 6,381.00 6,325.0023-Jan-10 6,381.00 6,398.00 6,369.00 6,369.00 6,313.00

Isabgulseed futures in red

Market Buzz:

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

� 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

ISABGULSEED FUTURES PRICE TREND

6,295.00

6,315.00

6,335.00

6,355.00

6,375.00

6,395.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

7

Pepper futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 13,380.00 13,380.00 13,266.00 13,300.00 13,340.0018-Jan-10 13,265.00 13,300.00 13,085.00 13,149.00 13,316.0019-Jan-10 13,150.00 13,300.00 13,025.00 13,075.00 13,235.0020-Jan-10 13,165.00 13,370.00 13,130.00 13,348.00 13,243.0021-Jan-10 13,380.00 13,384.00 13,160.00 13,203.00 13,398.0022-Jan-10 13,190.00 13,190.00 12,925.00 13,097.00 13,194.0023-Jan-10 13,125.00 13,328.00 13,080.00 13,303.00 13,304.00

Pepper futures range bound

Market Buzz:

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

� 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

PEPPER FUTURES PRICE TREND

13,070.00

13,120.00

13,170.00

13,220.00

13,270.00

13,320.00

13,370.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

8

Rape/mustard seed futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 464.00 470.10 454.80 461.00 465.0018-Jan-10 461.00 470.10 451.90 458.00 460.0019-Jan-10 458.00 467.10 448.90 455.00 461.0020-Jan-10 455.00 464.00 446.00 451.00 455.0021-Jan-10 451.00 459.90 442.10 445.00 460.0022-Jan-10 445.00 453.80 436.20 439.00 458.0023-Jan-10 439.00 447.70 430.30 442.00 453.00

Rape/mustard seed future slips

Market Buzz:

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

� 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.

RAPE/MUSTARD SEED FUTURES PRICE TREND

434.00

439.00

444.00

449.00

454.00

459.00

464.00

469.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

20 K

g)

CLOSE SPOT

9

Raw jute futures : JAN Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 2,718.00 2,723.00 2,703.00 2,703.00 2,643.0018-Jan-10 2,703.00 2,725.00 2,671.00 2,671.00 2,620.0019-Jan-10 2,671.00 2,679.00 2,650.00 2,679.00 2,628.0020-Jan-10 2,679.00 2,686.00 2,669.00 2,674.00 2,647.9021-Jan-10 2,674.00 2,680.00 2,661.00 2,661.00 2,625.0022-Jan-10 2,661.00 2,664.00 2,641.00 2,654.00 2,626.4023-Jan-10 2,654.00 2,673.00 2,647.00 2,647.00 2,620.70

Raw jute future drops

Market Buzz:

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

� 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

RAW JUTE FUTURES PRICE TREND

2,615.00

2,625.00

2,635.00

2,645.00

2,655.00

2,665.00

2,675.00

2,685.00

2,695.00

2,705.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

10

Rubber futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 14,350.00 14,374.00 14,276.00 14,303.00 14,000.0018-Jan-10 14,250.00 14,392.00 14,190.00 14,353.00 13,933.0019-Jan-10 14,390.00 14,390.00 14,231.00 14,281.00 13,996.7020-Jan-10 14,300.00 14,315.00 14,138.00 14,164.00 13,995.0021-Jan-10 14,190.00 14,230.00 13,926.00 13,980.00 13,969.0022-Jan-10 13,770.00 13,870.00 13,600.00 13,747.00 13,789.0023-Jan-10 13,645.00 13,650.00 13,300.00 13,364.00 13,628.00

Rubber futures lacks lusture

Market Buzz:

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

� 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.

RUBBER FUTURES PRICE TREND

13,400.00

13,550.00

13,700.00

13,850.00

14,000.00

14,150.00

14,300.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

11

Sack futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 3,048.00 3,090.00 3,010.00 3,057.00 2,992.5018-Jan-10 3,057.00 3,090.00 3,020.00 3,041.00 2,992.5019-Jan-10 3,041.00 3,080.00 3,010.00 3,024.00 2,992.5020-Jan-10 3,024.00 3,084.40 2,963.60 3,050.00 2,992.5021-Jan-10 3,050.00 3,111.00 3,020.00 3,062.00 2,992.5022-Jan-10 3,062.00 3,123.10 3,000.90 3,044.00 2,992.5023-Jan-10 3,044.00 3,065.00 3,020.00 3,037.00 2,992.50

Sack futures negative

Market Buzz:

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

� 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

SACK FUTURES PRICE TREND

2,987.50

2,997.50

3,007.50

3,017.50

3,027.50

3,037.50

3,047.50

3,057.50

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Bag

)

CLOSE SPOT

12

Soyoil futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 468.00 478.20 459.50 463.00 470.0018-Jan-10 463.00 466.50 458.35 466.50 464.0019-Jan-10 463.00 475.80 457.20 462.10 464.0020-Jan-10 461.00 471.30 455.00 461.00 464.0021-Jan-10 461.00 465.40 460.50 460.50 463.0022-Jan-10 461.00 461.10 455.55 457.00 459.0023-Jan-10 457.00 458.60 456.15 458.60 458.00

Soyoil futures range bound

Market Buzz:

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

� 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.

SOYOIL 10 MT FUTURES PRICE TREND

452.00

457.00

462.00

467.00

472.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

10 K

g)

CLOSE SPOT

13

Turmeric futures : FEB Series

DATE OPEN HIGH LOW CLOSE SPOT16-Jan-10 9,667.00 9,715.00 9,667.00 9,690.00 10,650.0018-Jan-10 9,690.00 9,740.00 9,690.00 9,740.00 10,575.0019-Jan-10 9,740.00 9,750.00 9,570.00 9,580.00 10,400.0020-Jan-10 9,580.00 9,687.00 9,515.00 9,560.00 10,450.0021-Jan-10 9,560.00 9,694.00 9,525.00 9,694.00 10,400.0022-Jan-10 9,694.00 9,810.00 9,689.00 9,810.00 10,450.0023-Jan-10 9,810.00 9,877.00 9,810.00 9,870.00 10,450.00

Turmeric future climbs

Market Buzz:

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

� 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.

TURMERIC FUTURES PRICE TREND

9,555.00

9,755.00

9,955.00

10,155.00

10,355.00

10,555.00

16-Jan-10

17-Jan-10

18-Jan-10

19-Jan-10

20-Jan-10

21-Jan-10

22-Jan-10

23-Jan-10

(Rs/

100

Kg)

CLOSE SPOT

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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

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