BULLION
In this week we see lots of up and down in the
commodity market. In the starting of the week commodity goes a touch a new
record of the month but as day goes
the commodity turn around to the another
direction. This week bullion is on the rock in the first 3 day but then
market situation was changed and silver goes from 64000 to 61000 this week. Today
on the MCX silver is trading on 61292 at 11.40 am. While the gold is also in
the same situation today gold is trading on 31107 at 11.45 am goes 31 point
high from its previous close.
CRUDE OIL
Meanwhile the
other base metal is on situation of do or dies.
If we talking about crude the global situation affect it, while china
has raised it import by 23%. In the report of IEA (International Energy Agency)
stat that US will be the top oil producer by 2017, replacing the Saudi Arab and
also US become the top Gas producer in the world by 2015. The economics growth
of US wills going to enhance by this, US is still recovering from the great
Recession.
CROP NEWS
Maize price
in India has risen sharply in India in the November month, this year the Maize production
is very low in the domestic market as well as global market. The demand of this
crop is rising in the pot market. On the NCDEX Maize price were up by 0.6 percent
at Rs 1506 per 100 kilogram at 14.14
IST on November, 30. Similarly barley price is also going high in the
future trade due to lower production and poor
imports from major Barley producers like Russia and Ukraine. India is
aiming to produce 1.5 million tons in the current session. In NCDEX barley
price were up by 3.17 percent at Rs 1498 per 100 kilogram for January contract as
of 16.45 IST on November 30.
Seed Newsvine
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