Daily Commodity Pointer
30th March 2017

Tracking Market
Mar 29 2017 ClosePrevCloseAbsChange
$ / Re.64.9065.10-0.20
Euro / $1.07651.0813-0.0048
Light Sweet Crude Oil49.6048.441.16
Gold $ / OZ-1253.201251.002.20
Silver $ / OZ-18.2618.210.05
$ / Yen111.00111.06-0.06

On Mar 30 2017
Events ETISTForecastPrev
Final GDP q/q08.3018.002.0%1.9%
Unemployment Claims08.3018.00244k261k
Natural Gas Storage10.3020.00-37b-150b

CallTracker
Commodity LTPT1T2SLMarginTick
Crude3222 325531903190251141


  Pivot Point - Agri/Non-Agri


  
Energy
Oil dips as record U.S. crude stocks outweigh falling Libya output
Oil prices dipped on Thursday, ending two days of increases as record U.S. crude inventories outweighed a fall in gasoline stocks and disruptions in Libyan supplies.
Bullions
Gold lower in Asia but support from India, China eyed
Gold prices edged lower in Asia on Thursday with demand prospects in the world's top two importers, China and India, in focus with physical and exchange traded fund demand on hopes tax reform by New Delhi could cut the cost of bullion imports
Currency
Rupee up 13 paise to 64.91/$
The rupee on Wednesday stormed to a new 17-month high and closed above 65, a level not seen since October 2015, on heavy dollar selling by speculative traders and exporters.
Base Metals
London copper slips on stronger dollar
Three-month copper on the London Metal Exchange had slipped 0.5 percent to $5,880 a tonne by 0218 GMT. That pared a 0.6-percent gain from the previous session, when prices hit their highest since March 20 at $5,927.50.
Agri Commodity
Basmati export volumes seen reviving in 2017-18
Supported by higher paddy prices and resumption of imports by Iran, the basmati rice industry looks ahead to attractive growth in 2017-18, aided by export volume growth.
Rebound seen in mustardseed prices
Rapeseed-mustardseed prices have been in free fall since November 2016 owing to oversupply in the market. However, the price has shown some signs of reversal over the past month.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 2116.94 crores, whereas MCX recorded a total traded turnover of Rs. 18357.92 Crores on 29th March 2017.
Ventura Commodities Ltd.
Corporate Office: I-Think Techno Campus, "B" Wing, 8th Floor, Pokhran Road No. 2, Off. Eastern Express Highway, Thane (West) – 400607. Maharashtra.

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