NMCE Commodity Report (26th Feb 2010)

                                                                                   Date - 26/02/2010

                                             Press Release                                

GUARGUM FUTURES upwards And ALUMINIUM 5 TON FUTURES slips

 Today (till5 pm) National Multi Commodity Exchange of India ltd (NMCE) traded in 24 Commodities. The total volume is 54760 lots with a turnover of Rs.970.79 crores.

GUARGUM FUTURES traded with a total volume of 236 lots and a turnover of 10Crs. 74Lakhs. The Total Open interest in all series was 6. March Series gained Rs.137.3 to close today at Rs.4714.30

ALUMINIUM 5 TON FUTURES traded with a total volume of 756 lots and a turnover of 36Crs. 80Lakhs. The Total Open interest in all series was 17. February Series lost Rs.0 to close today at Rs.96.50. March Series lost Rs.0.55 to close today at Rs.96.80. April Series lost Rs.0.8 to close today at Rs.98.10

COPRA FUTURES traded with a total volume of 6766 lots and a turnover of 25Crs. 08Lakhs. The Total Open interest in all series was 33. March Series lost Rs.8 to close today at Rs.3712.00. April Series lost Rs.5 to close today at Rs.3775.00

RAPE/MUSTARD SEED FUTURES traded with a total volume of 6752 lots and a turnover of 141Crs. 60Lakhs. The Total Open interest in all series was 131. March Series gained Rs.3 to close today at Rs.428.00. April Series gained Rs.4 to close today at Rs.417.00

NICKEL FUTURES traded with a total volume of 8980 lots and a turnover of 213Crs. 42Lakhs. The Total Open interest in all series was 123. March Series gained Rs.0.2 to close today at Rs.948.00. April Series gained Rs.0.2 to close today at Rs.952.20

RUBBER FUTURES traded with a total volume of 3542 lots and a turnover of 51Crs. 80Lakhs. The Total Open interest in all series was 8563. March Series gained Rs.181 to close today at Rs.14310.00. April Series gained Rs.256 to close today at Rs.14790.00. May Series gained Rs.274 to close today at Rs.15095.00. June Series gained Rs.261 to close today at Rs.15285.00

COPPER FUTURES traded with a total volume of 276 lots and a turnover of 9Crs. 12Lakhs. The Total Open interest in all series was 21. April Series gained Rs.0.75 to close today at Rs.328.90. June Series gained Rs.0.9 to close today at Rs.330.65

ZINC FUTURES traded with a total volume of 672 lots and a turnover of 33Crs. 78Lakhs. The Total Open interest in all series was 13. March Series gained Rs.0.25 to close today at Rs.100.75. April Series gained Rs.0.75 to close today at Rs.101.25

LEAD FUTURES traded with a total volume of 864 lots and a turnover of 43Crs. 54Lakhs. The Total Open interest in all series was 18. March Series lost Rs.0.15 to close today at Rs.100.55. April Series lost Rs.0.1 to close today at Rs.101.30

PEPPER FUTURES traded with a total volume of 1090 lots and a turnover of 14Crs. 11Lakhs. The Total Open interest in all series was 259. March Series gained Rs.181 to close today at Rs.12917.00. April Series gained Rs.175 to close today at Rs.13175.00. May Series gained Rs.195 to close today at Rs.13420.00. June Series gained Rs.201 to close today at Rs.13666.00. July Series gained Rs.194 to close today at Rs.13901.00. August Series gained Rs.195 to close today at Rs.14140.00

GOLD FUTURES traded with a total volume of 264 lots and a turnover of 4Crs. 41Lakhs. The Total Open interest in all series was 5. March Series gained Rs.300 to close today at Rs.16800.00

SILVER FUTURES traded with a total volume of 88 lots and a turnover of 6Crs. 65Lakhs. The Total Open interest in all series was 8. March Series gained Rs.480 to close today at Rs.25412.00

KILOGOLD FUTURES traded with a total volume of 122 lots and a turnover of 20Crs. 38Lakhs. The Total Open interest in all series was 11. April Series gained Rs.133 to close today at Rs.16733.00

SACK FUTURES traded with a total volume of 1116 lots and a turnover of 44Crs. 42Lakhs. The Total Open interest in all series was 14. March Series lost Rs.20 to close today at Rs.3140.00. April Series lost Rs.16 to close today at Rs.3204.00

RAW JUTE FUTURES traded with a total volume of 396 lots and a turnover of 12Crs.  The Total Open interest in all series was 11. March Series lost Rs.13 to close today at Rs.3009.00. April Series lost Rs.14 to close today at Rs.3065.00

COFFEE REP BULK FUTURES traded with a total volume of 960 lots and a turnover of 9Crs. 56Lakhs. The Total Open interest in all series was 21. March Series gained Rs.28 to close today at Rs.6628.00. May Series gained Rs.30 to close today at Rs.6670.00

CHANA FUTURES traded with a total volume of 1014 lots and a turnover of 21Crs. 87Lakhs. The Total Open interest in all series was 15. March Series gained Rs.28 to close today at Rs.2152.00. April Series gained Rs.32 to close today at Rs.2218.00

CASTOR SEED 10 MT FUTURES traded with a total volume of 432 lots and a turnover of 12Crs. 15Lakhs. The Total Open interest in all series was 18. April Series gained Rs.32 to close today at Rs.2825.00

GUARSEED 10 MT FUTURES traded with a total volume of 6414 lots and a turnover of 146Crs. 20Lakhs. The Total Open interest in all series was 153. March Series gained Rs.32 to close today at Rs.2301.00. April Series gained Rs.33 to close today at Rs.2332.00

ISABGULSEED FUTURES traded with a total volume of 752 lots and a turnover of 38Crs. 95Lakhs. The Total Open interest in all series was 13. April Series gained Rs.13 to close today at Rs.5125.00. June Series gained Rs.24 to close today at Rs.5200.00

SOYOIL 10 MT FUTURES traded with a total volume of 738 lots and a turnover of 34Crs. 04Lakhs. The Total Open interest in all series was 13. March Series gained Rs.2.3 to close today at Rs.461.00. April Series gained Rs.1.7 to close today at Rs.463.70

TURMERIC FUTURES traded with a total volume of 256 lots and a turnover of 22Crs. 57Lakhs. The Total Open interest in all series was 7. March Series gained Rs.14 to close today at Rs.9390.00. April Series gained Rs.15 to close today at Rs.7985.00

MENTHOL CRYSTAL FUTURES traded with a total volume of 228 lots and a turnover of 1Crs. 55Lakhs. The Total Open interest in all series was 6. March Series lost Rs.5 to close today at Rs.679.00

GOLD GUINEA FUTURES traded with a total volume of 12046 lots and a turnover of 15Crs. 93Lakhs. The Total Open interest in all series was 5652. February Series gained Rs.162 to close today at Rs.13155.00. March Series gained Rs.128 to close today at Rs.13247.00. April Series gained Rs.111 to close today at Rs.13325.00

NMCE - Comments on the Union Budget

Budget Reaction- National Multi Commodity Exchange

  

At the Macro level, the budget is very positive for the Indian Economy. This is mainly due to a strong stress on keeping the deficit in check at 6.9 % down from 7.8 % last year. With positive remark on lowering it further to 5.5% by the next fiscal year will keep the Indian economy drivers confident.

On the other side, the inflationary impact will continue to hit the commodity prices and pockets of the people in general because there has been no step to incentivize the producers to increase the supply of their produce, whereas the demand will keep on increasing because of more purchasing power in the hands of people. To add to this, there has been an increase in the prices of petrol and diesel which will again impact the entire supply chain costs. There would be double whammy. On one side raw materials cost of the farmer would go up and on the other his produce, before it reaches to the consumer the transport cost would go up due to the hike in diesel price. The irrigation is mostly diesel based in the country because supply of electricity to the farmers is negligible.

-Mr. Anil Mishra- CEO, NMCE