India to Soon Become Urea Surplus State

 

Urea Fertilizer - The Indian Government has said that India will soon become a urea surplus state from a deficit state and start exporting it. Commenting on the issue, Union Fertilizer Minister Ananth Kumar, “The country will produce 20 lakh tonnes additional urea this year after a number of pro-active steps, including revival of defunct fertilizer plants, taken by the Government.” "We will soon become a urea surplus country from a urea deficit country as we are going to produce 20 lakh tonnes additional urea this year. We will start exporting urea soon," he added. The Minister also added that there was no crisis of fertilizer anywhere in the country and all states and union territories were satisfied with its availability. Further, to ensure adequate availability of fertilizers, the Government has taken a number of steps that include assessment of month-wise demand, regular monitoring of movement of all major subsidised fertilizers throughout the country by a web-based monitoring system besides other

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Mustard seed ends lower on increased arrivals

Mustard Seed prices closed lower by 1.24 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for August 2015 contract closed at Rs. 4,052 per quintal, down by 1.24 per cent, after opening at Rs. 4,099 against the previous closing price of Rs. 4,103. It touched the intra-day low of Rs. 4,042.Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2%). India produces 5.5 million MT to7 million MT annually.

And we Saw That Mustard Seed prices closed lower by 0.65 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for August 2015 contract closed at Rs. 4,098 per quintal, down by 0.65 per cent, after opening at Rs. 4,122 against the previous closing price of Rs. 4,125. It touched the intra-day low of Rs. 4,070. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million MT annually.

 

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DAILY COMMODITY REPORT FOR 10 DEC 2013

Precious Metals

GOLD  SILVER

                                                     D A I L Y B U Z Z

Snapping its two-day losing streak, gold rebounded by Rs 255 to Rs 30,755 per ten grams in the national capital today on low level buying by stockists and retailers for the ongoing marriage season.

However, silver remained under selling pressure for the sixth straight session and shed Rs 30 to Rs 43,470 per kg. It had lost Rs 1,575 in the previous five sessions.

Traders said low level buying by stockists and retailers for the ongoing marriage season led the recovery in gold.

They said silver remained under selling pressure against reduced offtake by industrial units and surrendered fresh ground.

On the domestic front, gold of 99.9 and 99.5 per cent purity rebounded by Rs 255 each to Rs 30,755 and Rs 30,555 per ten grams, respectively. It had lost Rs 750 in last two days. Sovereign rose by Rs 100 to Rs 25,200 per piece of eight gram.

On the other hand, silver ready continued to slide by Rs 30 to Rs 43,470 per kg and weeklybased delivery.

Base Metals & Energy

COPPER  CRUDE OIL

                                                     D A I L Y B U Z Z

Taking weak cues from global markets, aluminium prices fell to Rs 106.75 per kg in futures trading today as speculators offloaded positions.

Further, sluggish demand in the domestic spot markets also weighed on the metal prices.

At the Multi Commodity Exchange, aluminium for delivery in December declined by 55 paise, or 0.51 

per cent, to Rs 106.75 per kg in business turnover of 153 lots. Similarly, the metal for delivery in January 2014 contracts traded lower by 50 paise, or 0.46 per cent, to Rs 108.50 per kg in 13 lots.

Amid a weak trend in the global markets and sluggish domestic demand, zinc futures today fell 0.21 per cent to Rs 116.75 per kg as participants reduced their positions.

At the Multi Commodity Exchange, zinc for delivery in January traded lower by 25 paise, or 0.21 per 

cent, to Rs 116.75 per kg, with a business turnover of six lots.

The metal for delivery in current month fell by 20 paise, or 0.17 per cent, to Rs 115.55 per kg in a 

turnover of 110 lots.

Nickel prices dropped 0.39 per cent to Rs 850.60 per kg in futures trade today after participants trimmed holdings tracking a weak trend overseas amid sluggish demand from alloy-makers in the spot 

market. At the Multi Commodity Exchange, nickel for delivery in January next year dropped by Rs 3.30, or 0.39 per cent, to Rs 850.60 per kg in a business turnover of 19 lots. The metal for delivery in current month shed Rs 2.70, or 0.32 per cent, to Rs 842 per kg in 48 lots. 

Agro Outlook

CHANA  DHANIYA

                                                 D A I L Y B U Z Z

Cardamom prices fell by 0.42 per cent to Rs 705.50 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market.

Besides, adequate stocks position in the physical market following increased arrivals from producing belts also put pressure on cardamom.

At the Multi Commodity Exchange, cardamom for delivery in December fell by Rs 3, or 0.42 per 

cent to Rs 705.50 per kg in business turnover of 104 lots. Similarly, the spice for delivery in January shed Rs 2.30, or 0.31 per cent to Rs 733.50 per kg in 113 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, subdued demand in the spot market mainly influenced cardamom prices at futures trade. 

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REVIA DAILY MCX COMMODITY UPDATE FOR 09 DEC 2013

Precious Metals

SILVER  GOLD

                                                     D A I L Y B U Z Z

Gold prices fell by Rs 465 to Rs 30,785 per ten gram in the national capital today on reduced offtake by stockists at existing higher levels amid a weak global trend. 

Silver remained under selling pressure for the fourth straight day and lost Rs 200 to Rs 43,600 per kg, after losing Rs 1,275 in the previous three sessions. 

Traders said reduced offtake by stockists and retailers at existing higher levels amid a weak global trend as US economic data reinforced concern that the .

Gold in New York, which normally sets price trend on the domestic front, fell by 1.46 per cent to USD 1,225.10 an ounce and silver by 1.42 per cent to USD 19.44 an ounce last night. 

On the domestic front, gold of 99.9 and 99.5 per cent purity tumbled by Rs 465 each to Rs 30,785 and Rs 30,585 per ten gram, respectively. It had shot up by Rs 450 yesterday. Sovereign held steady at Rs 25,200 per piece of eight gram in scattered deals. 

Base Metals & Energy

COPPER CRUDE OIL

                                                  D A I L Y B U Z Z

Tracking a weak global trend, copper prices fell by 0.18 per cent to Rs 446.30 per kg in futures trade today as speculators offloaded positions. 

At the Multi Commodity Exchange, copper for delivery in February next year fell 80 paise, or 0.18 per cent, to Rs 446.30 per kg in business turnover of 642 lots. 

Similarly, the metal for delivery in April 2014 contracts traded lower by 65 paise, or 0.14 per cent, to Rs 452.50 per kg in 15 lots. 

Analysts attributed the fall in copper futures to weak global cues as investors weighed signs of improvement in the US economy against concern the Federal Reserve may start trimming its stimulus sooner than estimated. 

Agro Outlook

CHANA DHANIYA

                                                 D A I L Y B U Z Z

Chana prices rose by 0.14 per cent to Rs 2,911 per quintal in futures trade today as speculators created fresh positions, supported by an improvement in spot market demand due to ongoing marriage season. 

However, adequate stocks availability in the physical market and expectations of better output this season on favourable weather conditions, restricted the gains. 

At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 4, or 0.14 per cent t.

Similarly, the commodity for delivery in January edged up by Rs 4, or 0.13 per cent to Rs 3,036 per quintal in 69,690 lots. 

Analysts said fresh positions created by speculators after an improvement in spot market in view of marriage season mainly helped chana prices to trade higher at futures trade. 

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RESEARCH VIA DAILY COMMODITY REPORT FOR 29 NOV 2013

Precious Metals
SILVER  GOLD
                                                          D A I L Y B U Z Z
Extending its losses for the second straight day, gold prices dropped by Rs 210 to Rs 31,215 per
ten gram in the national capital today on sustained selling by stockists on reduced offtake at higher levels amid weakening global trend.

Silver prices too fell by Rs 480 to Rs 44,800 per kg on reduced offtake by jewellers and coin makers.

Traders said weak demand at prevailing higher levels and retailers looking for more correction mainly kept pressure on gold and silver prices. They said weakening global trend after a report showed rising confidence among American consumers, reduced demand for the precious metals as a safe haven, further fuelled the selling pressure.

Gold in New York, which sets price trend on the domestic front, fell by 0.3 per cent to USD 1,237.90 an ounce and silver by 1.1 per cent to USD 19.68 an ounce last night.

On the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 210 each to Rs 31,215 and Rs 31,015 per ten gram, respectively. It had lost Rs 200 yesterday. Sovereign followed suit and shed Rs 100 to Rs 25,200 per piece of eight gram.

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REVIA DAILY COMMODITY REPORT 22 NOV 2013

Precious Metals
SILVER  GOLD 
                                                     D A I L Y B U Z Z

             Gold prices moved down by 0.43 per cent to Rs 29,941 per 10 gram in futures trade, after participants offloaded partial positions, taking weak cues from the global market. At the Multi Commodity Exchange, gold for delivery in December eased by Rs 129, or 0.43 per cent, to Rs 29,941 per 10 gram in business turnover of 372 lots. Likewise, the metal for delivery in far-month February next year shed Rs 103, or 0.35 per cent, to Rs 29,329 per 10 gm in 34 lots. 

           Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here. Globally, gold fell 2.54 per cent to $1,242.80 an ounce in New York on Wednesday.December 2013 silver futures at the MCX were trading down 0.57% at Rs 44,742 per 1 kg after hitting high of Rs 44,851. It opened at Rs 44,851.

Base Metals & Energy

COPPER   CRUDE OIL

                                                     D A I L Y B U Z Z
Crude oil futures are trading lower in global markets on Thursday. January 2013 Brent crude oil futures down 0.32% to USD 107.71 a barrel on the New York Mercantile Exchange.

Meanwhile, January 2013 light sweet crude oil (WTI) futures decreased 0.27% to trade at USD 93.59 a barrel on the New York Mercantile Exchange (12.34 pm IST).

Agro Outlook
CHANA    DHANIYA
                                                     D A I L Y B U Z Z

In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.

Mixed trends were visible in agri-commodities markets with turmeric futures in India's National Commodity and Derivatives Exchange (NCDEX) gain sharply this week on estimates of lower producers while Chana fell 2.36% to Rs 3149 s market sentiments turned bearish on inferior quality of the commodity in Rajasthan and Maharashtra markets.

In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.

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MCX COMMODITY REPORT FOR EVENING FOR 15 NOV 13

Precious Metals
SILVER    GOLD
                                                         D A I L Y B U Z Z
Gold prices recovered by 0.25 per cent to Rs 29,778 per 10 grams in futures trade today as speculators covered short positions even as precious metal remained weak overseas.

At the Multi Commodity Exchange, gold for delivery in December recovered by Rs 73, or 0.25 per cent, to Rs 29,778 per 10 gram in business turnover of 1,106 lots.

The metal for delivery in far-month February moved up by Rs 50, or 0.17 per cent, to Rs 29,479 per 10 gm in a turnover of 54 lots.

Silver prices recovered by 0.37 per cent to Rs 49,849 per kg in futures trade today, largely supported by covering-up of short positions by speculators even as the metal weakened in overseas markets.

Base Metals & Energy
COPPER     CRUDE OIL
                                                       D A I L Y B U Z Z
Crude oil prices in the global market remained weak on Thursday due to concerns over higher than
expected crude oil inventories and fears that US Central Bank may roll back its monetary stimulus later
this year on improving conditions of the United States. However, the statement from Yellen may have
limited further weakness in the commodity prices. Janet Yellen, nominee to lead the US Fed, said on
Wednesday that economy and labour market are still weak and Fed continue to support the economy

through its monetary stimulus program.

WTI crude oil for December delivery on NYMEX was seen trading with a loss of 15 cents at $93.73 per barrel as of 17.02 IST on Thursday.

Agro Outlook
CHANA     DHANIYA
                                                       D A I L Y B U Z Z
India soybean futures dropped on Wednesday as a result of profit booking despite weak Indian
currency and concerns over crop damage in key soybean growing areas due to excess rain fall
activities.

Soybean futures for December delivery on India's National Commodity and Derivatives Exchange (NCDEX) was seen trading with a loss of 1.13% at Rs.3920 per 100 kgs as of 13.14 IST on Wednesday.

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RESEARCH VIA COMMODITY MCX NCDEX TIPS FOR 29/OCT/13

Precious Metals
SILVER  GOLD

                                                      D A I L YB U Z Z

Gold prices fell 0.24 per cent to Rs 30,460 per 10 gram in futures trade today as participants reduced their positions largely in tandem with a weak trend overseas amid profit booking.

At the Multi Commodity Exchange, Gold for delivery in far-month February next year eased by Rs 73, or 0.24 per cent, to Rs 30,460 per 10 gram in business turnover of 26 lots.

Likewise, the metal for delivery in December shed Rs 63, or 0.20 per cent, to Rs 30,797 per 10 gram in 613 lots.

Analysts said a weakening trend in the overseas markets, before the US Federal Reserve begins a meeting where policy makers may decide on the pace of monetary stimulus, mainly weighed on the gold prices in futures trade here.

Globally, gold fell 0.23 per cent to USD 1,349.80 an ounce in Singapore today.

Base Metals & Energy

COPPER CRUDE OIL

                                                     D A I L Y B U Z Z

Lead prices traded marginally higher by 0.37 per cent to Rs 134.80 per kg in futures trade today as

speculators created fresh positions after a rise in demand from battery-maker in the spot market.

At the Multi Commodity Exchange, lead for delivery in October traded higher by 50 paise, or 0.37 per

cent, to Rs 134.80 per kg in business turnover of 3,474 lots.

Likewise, the metal for delivery in November edged up by 35 paise, or 0.26 per cent, to Rs 136.05 per kg in 441 lots.

Market analysts said fresh positions built up by speculators on the back of a rise in demand from battery-maker in the spot market mainly helped lead prices to trade higher in futures trade.

Nickel prices moved up by 0.55 per cent to Rs 895.50 per kg in futures trading today as speculators

enlarged their positions, driven by pick up in demand from alloy-maker in the spot market.

At the Multi Commodity Exchange, nickel for delivery in October rose by Rs 4.90, or 0.55 per cent, to Rs 895.50 per kg in business turnover of 2,815 lots.

Likewise, the metal for delivery in November moved up by Rs 4.30, or 0.48 per cent, to Rs 902.30 per kg in 367 lots.

Market analysts attributed the rise in nickel futures to pick up in demand from alloy-maker in the spot

market.

Agro Outlook

CHANA  DHANIYA

                                                   D A I L Y B U Z Z

Cardamom prices up by 2.12 per cent to Rs 758 per kg in futures trade today after speculators

built up positions supported by rising demand at spot markets.

Besides, tight stocks position in the spot market following lower arrivals from producing regions

also influenced prices.

At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 15.80, or

2.12 per cent, to Rs 758 per kg, with a business turnover of 877 lots.

The spice for delivery in December increased by Rs 7.50, or 0.99 per cent, to Rs 762.40 per kg

with a trading volume of 253 lots.

Traders said firm demand in the physical market against restricted arrivals from producing belts

mainly influenced cardamom prices at futures trade.

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COMMODITY REPORT OF RESEARCH VIA FOR 08/OCT/2013

Precious Metals

SILVER GOLD

                                           D A I L Y B U Z Z

Gold futures prices rose by 0.79 per cent to Rs 29,000 per 10 gm today as speculators enlarged their positions on the back of firming global trends.

At the Multi Commodity Exchange, Gold for delivery in February, 2014 rose by Rs 228, or 0.79 per cent, to Rs 29,000 per 10 grams, with a business turnover of 11 lots.

In a similar fashion, the metal for delivery in December contracts moved up by Rs 226, or 0.78 per cent, to Rs 29,315 per 10 grams, with a trade volume of 666 lots.

Silver futures prices today rose by 0.75 per cent, to Rs 49,714 per kg, largely in tandem with a firming trend in precious metals in the global markets.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 368, or 0.75 per cent, to Rs 49,714 per kg in a business turnover of fiv e lots.

Similarly, the white metal for delivery in December traded Rs 352, or 0.70 per cent, higher at Rs 48,549 per kg in a turnover of 551 lots. In the international market, silver traded a shade higher at USD 21.74 an ounce in Singapore.

Base Metals & Energy

COPPER CRUDE OIL

                                            D A I L Y B U Z Z

Buoyed by a firm global trend and increased domestic demand, copper prices rose by 0.54 per cent to Rs 467 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 2.45, or 0.54 per cent to Rs 456.65 per kg in business turnover of 1,263 lots.

Similarly, the metal for delivery in February next year, edged up by Rs 2.15, or 0.46 per cent to Rs 467 per kg in a turnover of 51 lots.

Globally, copper for delivery in three months traded higher at USD 7,266.25 a tonne on the London Metal Exchange (LME).

Supported by demand in the domestic spot market and a firming global trend, lead futures prices today rose marginally to Rs 127.80 per kg.

At the Multi Commodity Exchange, lead for delivery in November traded 90 paise, or 0.71 per cent, higher to Rs 127.80 per kg, with a turnover of 15 lots.

The metal for delivery in October gained 80 paise, or 0.63 per cent, to Rs 126.80 per kg in a business volume of 434 lots.

Agro Outlook

CHANA  DHANIYA

                                        D A I L Y B U Z Z

Supported by strong demand in the spot market and restricted arrivals from producing regions, cardamom prices rose further by Rs 2.40 to Rs 751 per kg in futures trade today.

At the Multi Commodity Exchange, cardamom for delivery in November added Rs 2.40, or 0.32

per cent, to Rs 751 per kg in business turnover of 388 lots.

Similarly, the spice for delivery in October edged up 60 paise, or 0.08 per cent, to Rs 706.50 per

kg in 546 lots.

Mentha oil prices moved up by 0.18 per cent to Rs 870.80 per kg in futures trade today as

speculators created fresh positions amid rising demand from consuming industries in the spot

market.

Besides, tight supplies in the physical market following less arrivals from Chandausi in Uttar

Pradesh also supported the uptrend.

At the Multi Commodity Exchange, mentha oil for delivery in October month rose by 1.60, or

0.18 per cent, to Rs 870.80 per kg in business turnover of 206 lots.

Likewise, the oil for delivery in November edged up by Rs 1.30, or 0.15 per cent, to Rs 884.50

per kg in 6 lots.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 04/09/2013

Precious Metals

SILVER  GOLD

                                                  D A I L Y B U Z Z

Gold futures prices today fell by 1.19 per cent to Rs 32,598 per 10 grams as speculators offloaded their positions, taking weak cues from the global market.

Besides, subdued spot demand and profit-booking by speculators also put pressure on gold futures.

At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 390, or 1.19 per cent, to Rs 32,598 per 10 grams in business turnover of 525 lots.

Similarly, metal prices for delivery in the far-month December declined by Rs 370, or 1.12 per cent, to Rs 32,685 per 10 grams in 86 lots.

Silver prices drifted by 0.27 per cent to trade at Rs 55,110 per kg in futures trade today as speculators engaged in reducing exposures.

At the Multi Commodity Exchange, silver for delivery in far-month December traded Rs 150, or 0.27 per cent lower at Rs 55,110 per kg in business turnover of 1,860 lots.

In a similar fashion, the white metal for delivery in September fell by Rs 102, or 0.19 per cent lower, at Rs 53,110 per kg in 1,869 lots.

Base Metals & Energy

COPPER   CRUDE OIL

                                                  D A I L Y 

B U Z Z

Buoyed by a firm global trend and increased domestic demand, copper prices rose 0.35 per cent to Rs 488.65 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 1.90, or 0.35 per cent, to Rs 488.65 per kg in business turnover of 2,327 lots.

The metal for delivery in far-month February edged up by Rs 1.60, or 0.32 per cent, to Rs 495.30 per kg in 56 lots.

Crude oil futures prices today dipped 2.93 per cent to Rs 7,034 per barrel, as speculators trimmed positions at prevailing levels amid a weakening trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in September fell by Rs 212, or 2.93 per cent, to Rs 7,034 per barrel in 5,843 lots.

In a likewise manner, oil for delivery in October moved down by Rs 202, or 2.78 per cent, to Rs 7,267 per barrel in 436 lots.

Agro Outlook

CHANA   

DHANIYA

D A I L Y  

B U Z Z

Turmeric prices fell further by 0.75 per cent to Rs 5,024 per quintal in futures trade today after participants trimmed positions amid higher stocks but export demand limited the fall.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September

declined by Rs 38, or 0.75 per cent, to Rs 5,024 per quintal in an open interest of 15,405 lots.

Similarly, the spice for delivery in October edged lower by Rs 34, or 0.66 per cent, to Rs 5,112 per

quintal in 10,780 lots.

Jeera prices fell by another 0.16 per cent to Rs 13,747.50 per quintal in futures market today as

speculators indulged in reducing exposures amid expectations of higher sowing in producing region.

However, some export demand limited the downside. At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 22.50, or 0.16 per cent to Rs 13,747.50 per quintal with an open interest of 5,394 lots.

DHANIYA

In a similar fashion, the spice for delivery in September lost Rs 20, or 0.15 per cent, to Rs 13,595

per quintal with an open interest of 8,667 lots. It had lost 0.05 per cent in yesterday's session.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 03/09/2013

Precious Metals

SILVER  GOLD

                                                                  D A I L Y 

B U Z Z

Amid volatility in gold prices, the commodity market regulator Forward Markets Commission (FMC) has raised the initial margin on gold futures to 5 per cent of the value of contract from 4 per cent, on all the exchanges in the country.The increased rate of margin will be effective from September 2.

"... the Exchanges are directed to impose initial margin on gold contracts (all gold contracts) at the rate of 5 per cent of the value of the contract," FMC said in a directive.

In view of the current price volatility, the Commission has also decided to impose additional margin of 5 per cent on all the Gold, Silver, Brent Crude Oil, Crude Oil and Natural Gas contracts traded on the National Exchanges till further orders.

However, gold prices fell by 0.57 per cent, to Rs 33,438 per 10 grams in futures market in early

trade today as speculators indulged in trimming positions.

At the Multi Commodity Exchange, gold for delivery in far-month December declined by Rs 193, or 0.57 per cent, to Rs 33,438 per 10 grams in business turnover of 12 lots. Similarly, the yellow metal for delivery in October lost Rs 174, or 0.52 per cent, to Rs 33,476 per 10 grams in 305 lots.

Base Metals & Energy

COPPER    

CRUDE OIL

                                                            D A I L Y B U Z Z

Amid a weak trend overseas and profit-booking by speculators after recent gains, copper prices fell by 0.32 per cent to Rs 485.35 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in August month fell by Rs 1.55, or 0.32 per cent, to Rs 485.35 per kg in business turnover of 1,326 lots.

Similarly, the metal for delivery in November traded lower by 85 paise, or 0.17 per cent to Rs 495.75 per kg in 1,424 lots.

Agro Outlook

CHANA    

DHANIYA

                                                         D A I L Y B U Z Z

Turmeric prices fell further by 0.75 per cent to Rs 5,024 per quintal in futures trade today afterparticipants trimmed positions amid higher stocks but export demand limited the fall.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September declined by Rs 38, or 0.75 per cent, to Rs 5,024 per quintal in an open interest of 15,405 lots.

Similarly, the spice for delivery in October edged lower by Rs 34, or 0.66 per cent, to Rs 5,112 per

quintal in 10,780 lots.

Jeera prices fell by another 0.16 per cent to Rs 13,747.50 per quintal in futures mar ket today as

speculators indulged in reducing exposures amid expectations of higher sowing in producing region.

However, some export demand limited the downside. At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 22.50, or 0.16 per cent to Rs 13,747.50 per quintal with an open interest of 5,394 lots.

In a similar fashion, the spice for delivery in September lost Rs 20, or 0.15 per cent, to Rs 13,595 per quintal with an open interest of 8,667 lots. It had lost 0.05 per cent in yesterday's session.

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REVIA MCX: BUY GOLD ABOVE 33700 TGTS 33750/33850/34000 SL 630 (9977785000) WWW.RESEARCHVIA.COM

Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 29/08/2013

Precious Metals

S I L V E R   GOLD

                                                     D A I L Y B U Z Z

Silver futures prices today spurted by 1.57 per cent to Rs 54,630 per kg as speculatorscreated 

positions even as metal declined in Asian trade.

At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 843, or 

1.57 per cent, to Rs 54,630 per kg in business turnover of 905 lots. 

On the similar lines, the white metal for delivery in far-month December traded Rs 829, or 1.51 

per cent, higher at Rs 55,660 per kg in a turnover of 91 lots. 

In the international market, silver, however, declined 1 per cent to USD 24.07 an ounce after 

climbing to USD 24.41 yesterday, the highest since May.

Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.

Base Metals & Energy

C O P P E R   C R U D E O I L

                                                      D A I L Y B U Z Z

Crude oil futures prices today rose by 1.21 per cent to Rs 6,951 per barrel as speculators 

enlarged positions, tracking a firming trend in the Asian region.

At the Multi Commodity Exchange, crude oil prices for delivery in September traded Rs 83, or 

1.21 per cent higher at Rs 6,951 per barrel, with a business turnover of 4,578 lots. 

The crude oil prices for October also up by Rs 76, or 1.11 per cent, to Rs 6,944 per barrel, with a business volume of 513 lots. 

Market analysts said the rise in crude oil futures attributed to a firming trend in Asia on 

concerns over possible US military action against Syria after Washington warned President 

Bashar al-Assad's regime it would face action over an alleged chemical weapons attack.

Agro Outlook

              CHANA                                                                                                  DHANIYA

                                                                                   

                                                             D A I L Y B U Z Z

Supported by a pick up in industrial demand in the spot market and restricted supplies from 

producing regions, mentha oil prices gained 0.85 per cent to Rs 879.50 per kg in futures trade 

today. 

At the Multi Commodity Exchange, mentha oil for delivery in August moved up by Rs 7.40, or 

0.85 per cent to Rs 879.50 per kg in business turnover of 364 lots. 

Similarly, the oil for delivery in September gained Rs 5.70, or 0.65 per cent to Rs 895.60 per kg in 358 lots.

Turmeric prices rose by Rs 76 to Rs 5,240 per quintal in futures market today as speculators created enlarged positions, driven by a rise in demand in the spot market against tight supplies from producing region. 

At the National Commodity and Derivatives Exchange, turmeric for delivery in October rose by Rs 76, or 1.47 per cent to Rs 5,240 per quintal in an open interest of 8,900 lots. 

Similarly, the spice for delivery in September rose by Rs 60, or 1.18 per cent to Rs 5,154 per quintal in 17,060 lots.

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DAILY COMMODITY REPORT FOR 28/08/2013

Precious Metals

SILVER  GOLD

                                                           D A I L Y B U Z Z

Silver futures prices today spurted by 1.57 per cent to Rs 54,630 per kg as speculators created 

positions even as metal declined in Asian trade.

At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 843, or 1.57 per cent, to Rs 54,630 per kg in business turnover of 905 lots. 

On the similar lines, the white metal for delivery in far-month December traded Rs 829, or 1.51 per cent, higher at Rs 55,660 per kg in a turnover of 91 lots. 

In the international market, silver, however, declined 1 per cent to USD 24.07 an ounce after climbing to USD 24.41 yesterday, the highest since May.

Base Metals & Energy

COPPER   C R U D E O I L

                                                         D A I L Y B U Z Z

Crude oil futures prices today rose by 1.21 per cent to Rs 6,951 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region.

At the Multi Commodity Exchange, crude oil prices for delivery in September traded Rs 83, or 1.21 per cent higher at Rs 6,951 per barrel, with a business turnover of 4,578 lots. 

The crude oil prices for October also up by Rs 76, or 1.11 per cent, to Rs 6,944 per barrel, with a 

business volume of 513 lots. 

Market analysts said the rise in crude oil futures attributed to a firming trend in Asia on concerns over possible US military action against Syria after Washington warned President Bashar al-Assad's regime it would face action over an alleged chemical weapons attack.

Agro Outlook

CHANA    DHANIYA

                                                    D A I L Y B U Z Z

Supported by a pick up in industrial demand in the spot market and restricted supplies from 

producing regions, mentha oil prices gained 0.85 per cent to Rs 879.50 per kg in futures trade 

today. 

At the Multi Commodity Exchange, mentha oil for delivery in August moved up by Rs 7.40, or 

0.85 per cent to Rs 879.50 per kg in business turnover of 364 lots. 

Similarly, the oil for delivery in September gained Rs 5.70, or 0.65 per cent to Rs 895.60 per kg in 358 lots.

Turmeric prices rose by Rs 76 to Rs 5,240 per quintal in futures market today as speculators created enlarged positions, driven by a rise in demand in the spot market against tight supplies from producing region. 

At the National Commodity and Derivatives Exchange, turmeric for delivery in October rose by Rs 76, or 1.47 per cent to Rs 5,240 per quintal in an open interest of 8,900 lots.

Similarly, the spice for delivery in September rose by Rs 60, or 1.18 per cent to Rs 5,154 per quintal in 17,060 lots.

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REVIA MCX: SELL GOLD BELOW 30270 TGTS 30200/30050/29800 SL 30350

Precious Metals
S I L V E R           G O L D
                                                            D A I L Y B U Z Z
Gold futures prices today fell marginally by 0.10 per cent to Rs 28,795 per 10 grams as
speculators offloaded their positions, taking weak cues from the Asian region. Besides, profitbooking by speculators also put pressure on gold futures.

At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 35, or 0.10 
per cent, to Rs 28,795 per 10 grams in business turnover of 52 lots. 

Similarly, metal prices for delivery in October declined by Rs 37, or 0.09 per cent, to Rs 28,845 
per 10 grams in 1,372 lots.

Taking weak cues from the global market and profit-booking by speculators, silver futures 
prices today fell by 0.24 per cent to Rs 46,156 per kg. 

At the Multi Commodity Exchange, silver prices for delivery in September fell by Rs 112, or 0.24 per cent, to Rs 46,156 per kg in business turnover of 1,551 lots.

Similarly, the white metal prices for delivery in December shed Rs 100, or 0.21 per cent, at Rs 
47,402 per kg in 75 lots. Meanwhile, silver shed 0.23 per cent to $21.41 an ounce in 
Singapore today.

Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.

Agro Outlook
CHANA     DHANIYA
                                                             D A I L Y B U Z Z
Cardamom prices fell by 3.99 per cent to Rs 745.50 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market. Adequate stocks in the physical market also put pressure on the cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in September declined by Rs 31, or 
3.99 per cent, to Rs 745.50 per kg in business turnover of 3,226 lots.

Likewise, the spice for delivery in the October contract shed Rs 13.90, or 1.73 per cent, to Rs 
775.40 per kg with trading volume of 816 lots.

Market analysts said profit-booking by speculators at prevailing higher levels and subdued 
demand in the spot market against adequate stocks position mainly kept pressure on the 
cardamom prices at futures trade.

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Commodity Update For 16/july/2013

Precious Metals
                                                           D A I L Y B U Z Z

Silver prices spurted by nearly 1 per cent to Rs 42,590 per kg in futures trade today as participants engaged in creating speculative positions, tracking a firming trend in base metals overseas.

At the Multi Commodity Exchange, silver for delivery in far-month December traded higher by Rs 417, or 0.99 per cent, to Rs 42,590 per kg in business turnover of 33 lots.

On similar lines, the metal for delivery in September traded Rs 290, or 0.94 per cent, higher at Rs 41,870 per kg in a turnover of 1,648 lots.

In the international market, silver climbed 1.2 per cent, to trade at USD 20.17 an ounce in Singapore.

Base Metals & Energy

                                                          D A I L Y B U Z Z

Supported by a firming trend in the global markets, copper prices today rose by 0.47 per cent to Rs 427.70 per kg in futures trade as speculators indulged in enlarging positions.

At the Multi Commodity Exchange, copper for delivery in November edged up by Rs 2, or 0.47 per cent, to Rs 427.70 per kg in business turnover of 103 lots.

Likewise, the metal for delivery in August traded higher by Rs 1.85, or 0.44 per cent, to Rs 421.90 per kg in 1,899 lots.

Lead futures prices today gained 0.44 per cent on rising demand at domestic spot markets amid a firming trend in the global markets after China released data showing the economy grew in line with expectations in the April-June quarter.

At the Multi Commodity Exchange, lead for delivery in August traded 55 paise, or 0.44 per cent, higher at Rs 125.30 per kg, with a turnover of 23 lots.

The metal for delivery in July also up by 45 paise, or 0.36 per cent, to trade at Rs 124.2 per kg, in a business turnover of 524 lots.

Nickel prices moved up by 0.34 per cent to Rs 833.70 per kg in the futures market today as speculators 

enlarged their positions, tracking a firming trend in spot market on increased demand from alloy makers. At the Multi Commodity Exchange, nickel for delivery in August gained Rs 2.80, or 0.34 per cent, to Rs 833.70 per kg in business turnover of 38 lots.

Agro Outlook

                                                     D A I L Y B U Z Z

Cardamom prices fell by 2.16 per cent to Rs 670 per kg in futures trade today as speculators booked profits driven by sluggish demand in the spot market.

Adequate stocks availability in the physical market on increased arrivals from the producing belts also put pressure on the Cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 14.80, or 2.16 per cent, to Rs 670 per kg in business turnover of 88 lots.

Similarly, the spice for delivery in August traded lower by Rs 2, or 0.27 per cent, to Rs 752.20 per kg in 394 lots.

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MCX Commodity Tips ~ Gold, Silver, Copper, Crude Oil Updates Today 08 April 2013

Gold edged higher on Friday, as the dollar cut earlier gains against the euro and the yen and European shares dropped as investors anticipated potentially weak U.S. non-farm payrolls data. 

The metal matched a similar pattern in other commodities, such as copper, further recouping heavy losses seen in the previous session, as investors refrained from taking large bets. 

An improving growth trend in the United States has been a key driver for investors taking on more risk this year, but weaker-than-expected data this week on manufacturing activity and private sector hiring has suggested the momentum might be flagging. 

Select base metal prices dropped further at the non-ferrous metal market here today on consistent stockist selling amidst weak demand from industrial users on back of lower London 

Metal Exchange (LME) cues. Meanwhile, zinc and lead prices edged-up on better offtake from consumer industries. 

Copper cable scrap and copper wire bar both declined by Rs 3 per kg each to Rs 474 and Rs 502 from Rs 477 and Rs 505. 

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NCDEX ~ Agri Commodity Market Updates Today 30 March 2012

Pepper futures are expected to trade lower on weak export demand. Pepper April futures prices are expected to extend the volatile movement on back of prevailing uncertainty about the trend. Turmeric futures may extend its weak trend as arrivals may rise in major spot markets in the upcoming days. Cardamom futures prices are expected to trade slightly lower initially during the day. Outlook for Jeera is down for the day. Jeera April futures prices are expected to trade slightly positive on extended recovery during early trading hours. Guar Complex is expected to trade lower for the day.

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