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Daily Commodity Report as on Thursday, April 06, 2017

Date : Thursday, April 06, 2017 URL : www.achiieversequitiesltd.com Page No - 1

Open High Low Close % Cng OI

Gold 29040 29040 28731 28805 -0.73 6635Silver 42500 42518 42175 42258 -0.73 11934

Alum. 127.1 128 126.75 127.5 1.31 3188Copper 378 387 378 386.15 2.52 12414Lead 152.1 152.25 149.6 150.35 -0.23 1841Nickel 653.4 673.5 653.4 672.6 3.13 25838Zinc 179 181.75 179 180.2 0.92 4831

Crude 3339 3374 3314 3332 0.21 13299Nat. Gas 213.8 217.5 211.5 213.1 0.14 9864

Cardamom 1319 1324.9 1308 1314.3 -0.40 556Turmeric 6426 6530 6360 6442 0.62 11490

Jeera 19215 19330 18700 18870 0.16 13800Dhaniya 7968 8040 7877 7913 0.60 44850

Wheat 1682 1686 1678 1685 0.24 6460

Soyabean 2970 2984 2960 2967 0.17 98910Ref. Oil 628.7 633 628.7 629.05 0.40 59770CPO 524 527.4 523.5 523.8 0.79 6754RMSeed 3990 4004 3963 3981 -0.25 56840Menthol 989.9 1008.6 989.9 1000 0.91 2519Cotton 21000 21130 20940 21040 0.38 7525

USDINR 65.23 65.35 65.07 65.09 -0.21 1652334EURINR 69.73 69.86 69.50 69.54 -0.10 60205GBPINR 81.29 81.43 81.04 81.31 -0.38 39394JPYINR 58.90 59.16 58.76 58.79 0.33 16761

Market Round upPrecious Metals

Gold fell after better-than-expected U.S. jobs data boosted U.S. bond yields and the dollar.

Base Metal

Silver prices eased pressured by a surge in the dollar, after the release of bullish U.S. private sector job growth.

Crude oil prices pared gains after a surprise rise in inventories and uncertain prospects for President Trump's proposed tax cuts and spending plans

Natural gas rose as traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels.

Ref soyoil prices gained tracking firmness in spot demand on buying at lower level. Cereals

Mentha oil prices gained on short covering amid increased demand in the domestic spot market.Oil and Oilseeds & Others

Soyabean prices gained due to bargain buying and lower arrivals from major producing belts at spot market.

Energy Copper gained following upbeat jobs data from the United States and the return of Chinese buyers after a two-day break.

Zinc gained on short covering tracking rise in LME prices after China returned after a two-day public holiday.

Nickel gained driven higher by gains in the steel sector after a cyclone in Australia damaged transport routes for coking coal. Spices

1

Turmeric prices gained on rising exports demand at the spot market. Currency

Jeera prices gained on a lower output forecast and strong demand from overseas buyers.


TRADING IDEA

OPEN 29040 SUP-2 28550 Gold trading range for the day is 28550-29168.

HIGH 29040 SUP-1 28678

LOW 28731 P.P. 28859

MCX Gold Jun 2017

CLOSE 28805 RES-1 28987 Investors were cautious ahead of a potentially tense meeting between Trump and Chinese President Xi Jinping, the first between the world's two most powerful leaders.

% CNG -0.73 RES-2 29168 BUY GOLD JUN 2017 @ 28750 SL 28550 TGT 28900-29100.MCX

HIGH 42518 SUP-1 42116

LOW 42175 P.P. 42317

Gold on MCX settled down -0.73% at 28805 in the line of expectation also tracking Comex Gold which dropped by $9.90 to settle at $1,248.50/oz, down from a monthly peak near $1260 as encouraging economic databoosted risk appetite and fueled speculation the Federal Reserve will again raise interest rates before summer. Pressure had been seen after better-than-expected U.S. jobs data boosted U.S. bond yields and the dollar butlosses were limited after minutes from the Federal Reserve's March policy meeting were released. Bullion pared some losses after the Fed's minutes showed most policymakers think the central bank should take steps tobegin trimming its $4.5 trillion balance sheet later this year as long as the economic data holds up. Yesterday ADP and Moody said U.S. private employers added 263,000 jobs for the month. That was well above expectationsof 187,000. The stronger than expected private payrolls report raised expectations for a bullish Labor Department Nonfarm payrolls report expected to be released on Friday. Meanwhile, a slowdown in the services sectorcapped selling pressure in the yellow metal, after a report from the Institute for Supply Management showed that non-manufacturing activity slowed more than expected to 55.2 from 57.6 in February. Meanwhile Gold wassupported however by demand for safe assets after a chemical attack in Syria appeared to put Russia and the United States on a diplomatic collision course and North Korea fired a ballistic missile into the sea ahead of asummit between U.S. President Donald Trump and Chinese President Xi Jinping. Technically now Gold is getting support at 28678 and below same could see a test of 28550 level, And resistance is now likely to be seen at28987, a move above could see prices testing 29168.

MCX Silver May 2017 TRADING IDEA

OPEN 42500 SUP-2 41974 Silver trading range for the day is 41974-42660.

The ADP National Employment Report showed that U.S. private employers added 263,000 jobs in March, beating forecasts of 187,000 additions.

Silver prices eased pressured by a surge in the dollar, after the release of bullish U.S. private sector job growth.

Page No - 3

CLOSE 42258 RES-1 42459

% CNG -0.73 RES-2 42660

Silver on MCX settled down -0.73% at 42258 pressured by a surge in the dollar, after the release of bullish U.S. private sector job growth. Investors were cautious ahead of a potentially tense meeting between Trump andChinese President Xi Jinping on Thursday, the first between the world's two most powerful leaders. Topping the agenda at Trump's Mar-a-Lago resort in Florida will be whether he makes good on his threat to use U.S.-Chinatrade ties to pressure Beijing to do more to rein in its nuclear-armed neighbour North Korea. U.S. Federal Reserve's March minutes on Wednesday showed most policymakers think the central bank should take steps to begintrimming its $4.5 trillion balance sheet later this year as long as the economic data holds up. The ADP National Employment Report showed that U.S. private employers added 263,000 jobs in March, beating forecasts of187,000 additions. Euro zone businesses enjoyed their best quarter in six years at the start of 2017 and although growth was not quite as fast as a flash estimate, the upturn was broad-based, a survey suggested. Greeceand its international lenders remained at odds in talks to release fresh bailout loans to Athens on Wednesday as Prime Minister Alexis Tsipras said a deal was needed this week and accused creditors of 'playing games' andcausing delays. Technically market is under fresh selling as market has witnessed gain in open interest by 1.7% to settled at 11934 while prices down -312 rupees, now Silver is getting support at 42116 and below samecould see a test of 41974 level, And resistance is now likely to be seen at 42459, a move above could see prices testing 42660.

BUY SILVER MAY 2017 @ 42150 SL 41950 TGT 42380-42600.MCX

Euro zone businesses enjoyed their best quarter in six years at the start of 2017 and although growth was not quite as fast as a flash estimate, the upturn was broad-based.

Date : Thursday, April 06, 2017 URL : www.achiieversequitiesltd.com

Fed’s minutes showed most policymakers think the central bank should take steps to begin trimming its $4.5 trillion balance sheet later this year.

Gold fell after better-than-expected U.S. jobs data boosted U.S. bond yields and the dollar.

MCX Crudeoil Apr 2017 TRADING IDEA

OPEN 3339 SUP-2 3280 Crudeoil trading range for the day is 3280-3400.

EIA said in its weekly report that crude oil inventories rose by 1.566mbls in the week ended March 31.

HIGH 3374 SUP-1 3306

LOW 3314 P.P. 3340

Crude oil prices pared gains after a surprise rise in inventories and uncertain prospects for President Trump's proposed tax cuts and spending plans

CLOSE 3332 RES-1 3366 Goldman Sachs expects oil prices to remain between US$50-55 per barrel between 2018-2020.

% CNG 0.21 RES-2 3400 SELL CRUDEOIL APR 2017 @ 3325 SL 3375 TGT 3395-3240.MCX

HIGH 387.0 SUP-1 380.4

LOW 378.0 P.P. 383.7

Crudeoil on MCX settled up 0.21% at 3332 giving back early gains after a surprising build in U.S. oil inventories and with investors looking for fresh demand cues in the U.S. on uncertain prospects for President DonaldTrump's proposed tax cuts and spending plans and the tone of summit talks with Chinese President Xi Jinping on starting later in the day in Florida. Yesterday pressure came under pressure after US crude oil inventoriesunexpectedly rose last week, adding to record highs despite another drop in gasoline stockpiles. The EIA said inventories rose by 1.6mbls. That's in contrast to an industry report from the API showing a 1.8mbl decline.Gasoline inventories fell by around 600,000 barrels, but market expectation were looking for a drawdown of about 1.5 million. Crude oil has been well-supported in recent sessions amid increasing confidence that output cutsby major global oil producers are beginning to rebalance the market. OPEC agreed in November last year to curb its output by about 1.2mbpd between January and June. Russia and 10 other non-OPEC producers haveagreed to jointly cut by an additional 600,000bpd. In total, they agreed to reduce output by 1.8mbpd to 32.5 million for the first six months of the year. A joint committee of ministers from OPEC and non-OPEC oil producerswill meet in late April to present its recommendation on the fate of the pact. A final decision on whether or not to extend the deal beyond June will be taken by the oil cartel on May 25. Technically market is getting support at3306 and below same could see a test of 3280 level, And resistance is now likely to be seen at 3366, a move above could see prices testing 3400.

MCX Copper Apr 2017 TRADING IDEA

OPEN 378.0 SUP-2 374.7 Copper trading range for the day is 374.7-392.7.

Page No - 4

CLOSE 386.2 RES-1 389.4

% CNG 2.52 RES-2 392.7


Copper on MCX settled up 2.52% at 386.15 reflecting strength across base metals following upbeat jobs data from the US and the return of Chinese buyers after a two-day break. On Monday Copper prices came underpressure last week from indications that a number of production outages that had driven prices sharply higher in February were coming to an end. Still, Rio Tinto is forecasting a copper shortage will emerge this year.Meanwhile activity in China's service sector expanded at its weakest pace in six months in March, hurt by slower growth in new orders and intensifying cost pressures, a private survey showed, painting a less rosy picture of asector that Beijing is counting on to maintain economic momentum. The Caixin/Markit services purchasing managers' index (PMI) for March fell to 52.2 from February's 52.6, but remained above the 50-level that separatesexpansion from contraction. Meanwhile Peru will likely gradually increase its copper production to 3.1 million tonnes in 2021 from an annual 2.35 million tonnes expected for both this year and next, the country’s energy andmines minister told the CRU World Copper Conference in Chile. In the week ahead, investors will be looking for Friday’s closely watched nonfarm payrolls report. Investors will also be eyeing a trio of surveys on UK privatesector activity amid ongoing concerns over the economic impact of Brexit. Technically market is under short covering as market has witnessed drop in open interest by -22.15% to settled at 12414 while prices up 9.5 rupees,now Copper is getting support at 380.4 and below same could see a test of 374.7 level, And resistance is now likely to be seen at 389.4, a move above could see prices testing 392.7.

SELL COPPER APR 2017 @ 386.00 SL 388.50 TGT 383.20-380.50.MCX

Peru will likely gradually increase its copper production to 3.1 million tonnes in 2021 from an annual 2.35 million tonnes expected for both this year and next.

Prices came under pressure last week from indications that a number of production outages that had driven prices sharply higher in February were coming to an end.

Copper gained following upbeat jobs data from the United States and the return of Chinese buyers after a two-day break.

TRADING IDEA

OPEN 179.0 SUP-2 177.6 Zinc trading range for the day is 177.6-183.

HIGH 181.8 SUP-1 178.9

LOW 179.0 P.P. 180.3

MCX Zinc Apr 2017

SUP-2 646.4 Nickel trading range for the day is 646.4-686.6.

CLOSE 180.2 RES-1 181.6 Factories across Europe and much of Asia posted another month of solid growth in March, rounding off a strong quarter for manufacturers.

% CNG 0.92 RES-2 183.0 SELL ZINC APR 2017 @ 181.50 SL 183.00 TGT 180.20-179.00.MCX

Page No - 5

CLOSE 672.6 RES-1 679.6

% CNG 3.13 RES-2 686.6


Nickel on MCX settled up 3.13% at 672.60 gained in the line of expectation tracking LME nickel closed up 3.2 per cent at SUS1O.293 a tonne driven higher by gains in the steel sector after a cyclone in Australia damagedtransport routes for coking coal. Overall base metals are maintaining it's gain ahead of a meeting between U.S. President Donald Trump and China's President Xi Jinping, supported by Chinese demand at the start of theseasonally strongest quarter for industrial metals. Prices came under pressure last week from indications that a number of production outages that had driven prices sharply higher in February were coming to an end. U.S.stocks rose after data from payrolls processor ADP showed private employers added 263,000 jobs in March, more than the number they hired in February and well above economists' expectations. Wider markets are treadingwater ahead of the release of minutes later on Wednesday of the Federal Reserve's meeting, and a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping this week.Developing Asia is on track to post its slowest annual growth in 16 years this year as it adjusts to China's rebalancing and possible spillovers from global policy uncertainty, the Asian Development Bank said. The Manila-basedlender kept at 5.7 percent this year's growth forecast for developing Asia, which groups 45 countries in the Asia-Pacific region. That would be the region's weakest expansion since it grew 5.0 percent in 2001. Technicallymarket is under short covering as market has witnessed drop in open interest by -13.52% to settled at 25838, now Nickel is getting support at 659.5 and below same could see a test of 646.4 level, And resistance is nowlikely to be seen at 679.6, a move above could see prices testing 686.6.

BUY NICKEL APR @ 661 SL BELOW 652 TGT 668-678. MCX (BTST)

U.S. manufacturing activity retreated from a 2-1/2-year high in March amid a decline in production and an inventory drawdown.

Data from payrolls processor ADP showed private employers added 263,000 jobs in March.

Nickel gained driven higher by gains in the steel sector after a cyclone in Australia damaged transport routes for coking coal.

The discount of LME cash zinc to the three-month contract moved to $27.25 a tonne, its widest since October 2015.

Zinc gained on short covering tracking rise in LME prices after China returned after a two-day public holiday.

HIGH 673.5 SUP-1 659.5

LOW 653.4 P.P. 666.5

Zinc on MCX settled up 0.92% at 180.20 on short covering as LME Zinc ended the day at $US2778 a tonne, up 1.5 per cent. The discount of LME cash zinc to the three-month contract moved to $US27.25 a tonne its widestsince October 2015 indicating adequate supply of refined metal in the market. Supply-side developments may also be at play, with Votorantim saying last week Cajamarquilla in Peru would resume operations at 50% ofcapacity after a period of suspension due to floods. Refined zinc supply remains resilient, especially in China where refined production rose by 4.4% year-on-year in the first two months of 2017. But Chinese smelters mayprove less resilient in the coming months after they announced that 540,000 tpy of capacity would be put on maintenance for unspecified period. The LME spec positioning in zinc looks fairly elevated considering that the netspec length – at 78,473 lots as of March 24 – is at 79% of the all-time record (99,251 lots) from 2015. So this bout of long liquidation should not surprise investors. LME zinc has dropped 2.3% since the start of the week dueto the gradual re-emergence of risk aversion, which is reflected in the downward pressure on major risk asset classes (such as equities), the rally in safe-havens such as gold and Treasuries and the fall in the dollar,highlighting the unwinding of global reflation trades despite fresh positive macro data from advanced and emerging economies. Technically market is under fresh buying as market has witnessed gain in open interest by2.16% to settled at 4831 while prices up 1.65 rupees, now Zinc is getting support at 178.9 and below same could see a test of 177.6 level, And resistance is now likely to be seen at 181.6, a move above could see pricestesting 183.

MCX Nickel Apr 2017 TRADING IDEA

OPEN 653.4

TRADING IDEA

OPEN 19215 SUP-2 18335 Jeera trading range for the day is 18335-19595.

HIGH 19330 SUP-1 18600

LOW 18700 P.P. 18965

NCDEX Jeera May 2017

18870 RES-1 19230 NCDEX accredited warehouses jeera stocks gained by 132 tonnes to 744 tonnes.

% CNG 0.16 RES-2 19595 BUY JEERA MAY 2017 @ 18750 SL 18600 TGT 18900-19100.NCDEX

Page No - 6

CLOSE 6442 RES-1 6528

% CNG 0.62 RES-2 6614 SELL TURMERIC MAY 2017 @ 6500 SL 6600 TGT 6380-6280.NCDEX

NCDEX accredited warehouses turmeric stocks gained by 75 tonnes to 2008 tonnes.


Turmeric on NCDEX settled up by 0.62% at 6442 on rising exports demand at the spot market. However upside seen limited due to higher arrivals from the producing regions. Reports showed that the turmeric arrivals in thecountry is on higher side during second half of March at 79,534 tons compared to 63,965 tons during last month same period. On the export front, country exported about 82,115 tons during April-December period, up by28% compared to last year exports of 64,105 tons. Prices may decline due to pressure of arrivals but improved domestic and export demand for the new turmeric may support prices. New crop arrivals have started in all themajor producing centres of Andhra Pradesh, Telangana, Maharashtra, Odisha. Production in the ongoing season is expected to increase mainly on higher sowing area and favourable weather conditions in Maharashtra,Telangana and Andhra Pradesh etc. The price of spot turmeric decreased. At the Erode Turmeric Merchants’ Association salesyard, finger turmeric sold atRs. 5,499-8,009 a quintal, and the root variety sold atRs. 5,355-6,945a quintal. At the Regulated Marketing Committee, finger turmeric sold at Rs. 6,229-7,789 a quintal, and the root variety sold at Rs. 6,189-7,049. At the Erode Cooperative Marketing Committee, finger turmeric sold at Rs.6,326-7,929 a quintal, while the root variety sold at Rs. 6,169-7,099. In Nizamabad, a major spot market in AP, the price ended at 6154.55 Rupees dropped -18.55 Rupees.Technically market is under fresh buying as markethas witnessed gain in open interest by 13.99% to settled at 11490 while prices up 40 rupees, now Turmeric is getting support at 6358 and below same could see a test of 6274 level, And resistance is now likely to be seen at6528, a move above could see prices testing 6614.

However upside seen limited due to higher arrivals from the producing regions.

Turmeric prices gained on rising exports demand at the spot market.

Exporters are likely to fetch better realisation due to the quality of the jeera crop.

Jeera prices gained on a lower output forecast and strong demand from overseas buyers.

HIGH 6530 SUP-1 6358

LOW 6360 P.P. 6444

Jeera on NCDEX settled up by 0.16% at 18870 on a lower output forecast and strong demand from overseas buyers. Exporters are likely to fetch better realisation due to the quality of the jeera crop. A recent assessment bythe Federation of Indian Spices Stakeholders in Udaipur, Rajasthan, has forecast India’s cumin seed production at 5.83 million bags of 40 kg each (233,280 tonnes) this year against 4.20 million bags of 40 kg each (168,320tonnes) last year. The latest spell of rainfall last week is estimated to have spoiled 30 per cent of the standing crop. Production estimates for 2016-17 are lower due to a decline in the jeera acreage in Gujarat. The Centrepegs production of jeera in the state at 221,000 tonnes, down 11 per cent from last year’s output of 238,000 tonnes. The output is far lower than the normal of 346,000 tonnes in Gujarat in 2013-14. Acreage has fallen to279,000 hectares this year from 286,000 hectares earlier. According to data, 33,110 tonnes of jeera arrived in the markets between March 1 and March 20, against 34,107 tonnes during the same period last year. Indiaexports an average of 15,000 tonnes of jeera during March, April and May. Industry players are expecting exports will cross 120,000 tonnes this year against 94,352 tonnes a year ago. Jeera exports increased 36.7 per centto 93,724 tonnes during April- December 2016-17..Technically market is under fresh buying as market has witnessed gain in open interest by 10.98% to settled at 13800 while prices up 30 rupees, now Jeera is gettingsupport at 18600 and below same could see a test of 18335 level, And resistance is now likely to be seen at 19230, a move above could see prices testing 19595.

NCDEX Turmeric May 2017 TRADING IDEA

OPEN 6426 SUP-2 6274 Turmeric trading range for the day is 6274-6614.

CLOSE

TRADING IDEA

OPEN 989.9 SUP-2 980.8 Menthaoil trading range for the day is 980.8-1018.2.

HIGH 1008.6 SUP-1 990.4

LOW 989.9 P.P. 999.5

MCX Menthaoil Apr 2017

LEAD

150.4

CLOSE 1000.0 RES-1 1009.1

% CNG 0.91 RES-2 1018.2

386.15 180.2 672.6 127.5

COMMODITIES GOLD SILVER CRUDE NAT.GAS COPPER ZINC NICKEL ALUMINUM

28987 42459 3366 216.5

CLOSE 28805 42258 3332 213.1

389.4 181.6 679.6 128.1180.3 666.5 127.4

RESISTANCE29296 42802 3426 222.5 398.4 184.3 699.7 129.429168 42660 3400 220.0 392.7 183.0 686.6 128.7

P. POINT 28859 42317 3340 214.0 383.7

28369 41773 3246 204.5 371.4SUPPORT 28550 41974 3280 208.0 374.7 646.4 126.1

28678 42116 3306 210.5 380.4

OI 6635 11934 13299 9864 12414 4831 25838 3188176.2 639.4 125.5

178.9 659.5 126.8177.6

Positive Negative

SPREAD 149 471 39.00 5.40 4.35 0.75 5.40

TREND Negative Negative Positive Positive Positive Positive Positive

0.40


0.45

DAILY MARKET LEVEL FOR METAL AND ENERGY

Mentha oil on MCX settled up by 0.91% at 1000 on short covering amid increased demand in the domestic spot market. Further, tight stocks position following restricted arrivals from major producing belts of Chandausi inUttar Pradesh also supported mentha oil prices. However upside seen limited of reports that carryover stocks are huge against the current consumption level, while the stocks is also been sufficient. Now on domestic sidetraders had estimated earlier total production in the range of 35000-37000 tons for this year, and currently it appears that the average estimate might be reduced to 30000 tons due to lower plantings on falling prices in thelast two years. Trade sources estimate that total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season resulting into a proportionate fall in Mentha oil production this year. However, a pick up in sowingover last couple of weeks have ensured prices falling for the commodity, as low demand further pressurized market sentiments. Total production of mentha oil during the current season is 32,000-34,000 tonnes againstpreliminary estimates of around 40,000 tonnes. Unfavourable weather conditions during harvesting period led to the drop in production. On the demand side, the seasonal demand emerges during winter season, especiallyfrom the pharma sector. Mentha oil spot at Sambhal closed at 1133.50 per 1kg. Spot prices was up by Rs.18.00/-.Technically market is under short covering as market has witnessed drop in open interest by -1.33% tosettled at 2519 while prices up 9 rupees, now Menthaoil is getting support at 990.4 and below same could see a test of 980.8 level, And resistance is now likely to be seen at 1009.1, a move above could see prices testing1018.2.

SELL MENTHA OIL APR @ 1003 SL ABV 1012 TGT 993.50-984. MCX (STBT)

Further, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also supported prices.

Mentha oil prices gained on short covering amid increased demand in the domestic spot market.

Mentha oil spot at Sambhal closed at 1133.50 per 1kg. Spot prices was up by Rs.18.00/-.

154.4153.3151.8

146.6148.1149.2

1841

150.7

11:30am EUR 0.035 -0.0741:40pm EUR 0 49.9Tentative EUR 0 1.94|1.3Tentative EUR 0 0.91|2.85:00pm EUR 0 05:00pm USD 0 -0.46:00pm USD 251K 258K8:00pm USD 10B -43B

0 0 0 00 0 0 00 0 0 00 0 0 00 0 0 0

TIME ZONE ECONOMICAL DATA EXP

8

China's outstanding foreign debt fell to $1.42 trillion at the end of 2016 from $1.43 trillion at the endof September, the foreign exchange regulator said. Short-term foreign debt stood at $870.9 billion atend-2016, down from $894.4 billion at the end of the third quarter, the regulator said. At the end of2016, China's outstanding foreign debt was 13 percent of GDP and its short-term foreign debt was 29percent of FX reserves, the State Administration of Foreign Exchange (SAFE) said in a separatestatement on its website. "China's foreign debt risks fall within internationally recognized boundaries.Overall China's foreign debt risks are manageable," SAFE said. "Companies need to be able to borrowa reasonable amount of debt to go about their daily operations," SAFE said, adding that Chinesecompanies would independently decide when, how much and in what currency to borrow. Short-termforeign debt accounted for 61 percent of the total at the end of last year, while medium- and long-term debt made up 39 percent of the total, SAFE said in a statement on its website.

German Finance Minister Wolfgang Schaeuble told a German newspaper the European Union shouldtake a tough stance in negotiations with Britain over its exit from the bloc after more than 40 years ofmembership. British Prime Minister Theresa May on Wednesday formally notified Brussels of Britain'sintention to quit the EU, triggering two years of talks to negotiate the terms of the divorce. "We wantto keep the Brits close but there are no rights without obligations," Schaeuble told the Friday editionof regional newspaper Osnabruecker Zeitung. Schaeuble said the key task in Brexit talks was tominimise damage to both parties but he added that would be tough due to the many complicatedissues involved and the two-year timeframe. Britain will not maintain its current access to theEuropean single market if it does not accept the rules associated with it, he said. Schaeuble said theaim was not to punish Britain and Brexit would hurt Britain and all other countries in Europe anyway."But it is of course important that we keep the rest of the EU together," he said. Schaeuble said EUmember states should be prepared for Britain to try to play them off each other but warned that theyneeded to be united in talks with the London government.

Prices of tur (red gram) continue to rule below the minimum support price (MSP) levels in Karnataka,though procurement of the pulses crop is seen registering a 10-fold increase in the current year overthe previous high. As a result, the State is approaching the Centre to increase procurement byanother 1.5 lakh tonnes while extending the purchase period by a month. “The procurement we havedone this year is mind-blowing,” said Karnataka Agriculture Minister Krishna Byre Gowda. “We havecrossed 2 lakh tonnes till March 28 and expect the procurement to exceed 2.4 lakh tonnes by April 8,which is about 10 times higher than the previous high. We are approaching the Centre to procure anadditional 1.5 lakh tonnes for the buffer stocks and extend the procurement deadline by a month.”The previous highest procurement of tur in Karnataka was 25,000 tonnes in 2013-14. Production ofpulses in the State, including tur, has risen by a third to 14 lakh tonnes in 2016-17 on higheracreages. Meanwhile, the Centre has procured 1.68 million tonnes of pulses as of Tuesday, out of thetargeted 2 million tonnes for its buffer stock, CR Chaudhary, Minister of State for Food, said in awritten reply in the Rajya Sabha on Friday. Of the total pulses procured, 3.79 lakh tonnes were fromimports.

Potato prices have made a smart recovery in Burdwan district of West Bengal after the stategovernment announced procurement of the vegetable to help farmers in distress. The recovery inpotato price started after the West Bengal government announced procurement from farmers at Rs4.60 a kg, to prevent distress sales. According to trade sources, the government plans to meet twoobjectives through procurement. Firstly, farmers would not be discouraged from sowing potato for thenext season through a minimum assured price that, according to trade sources, is fairly above thecost of production of Rs 3.00-3.50 a kg. Secondly, good quality of potato would be made available forthe mid-day meal scheme in government-owned schools. "The government is buying only fromfarmers. So, traders, stockists and exporters who bought potato for future sales are not going tobenefit from the government's price insurance scheme. While the government has assured aminimum price for farmers, others players in the trade have been excluded from the price supportmechanism. The government should, therefore, buy potato from traders also," said Pravir KumarBera, Managing Partner of Agrive Export & Import, a Kolkata-based potato stockist and exporter.Similarly, the Jyoti variety of potato in Kolkata is selling at Rs 4.50 a kg now from its recent lows ofRs three a kg. Potato output in West Bengal is estimated at 11-12 million tonnes, nearly 25 per cent

Date : Thursday, April 06, 2017 URL : www.achiieversequitiesltd.com Page No -

Natural Gas Storage000

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PREV

Thu

German Factory Orders m/m

German retail sales rose more than expected on the month in February but unexpectedly dropped onthe year, data showed sending mixed signals about the health of this sector of Europe's largesteconomy. The volatile indicator, which is often subject to revision, showed retail sales increased by1.8 percent on the month in real terms, the Federal Statistics Office said. That beat expectations for a0.7 percent rise and followed a downwardly revised drop of 1.0 percent in January. On the year,shops sold 2.1 percent less in February, confounding forecasts for a 0.3 percent increase in sales.Consumption has become a key growth driver for the German economy, which was traditionallypropelled by exports, as Germans revel in record-high employment, increased job security, rising realwages and ultra-low borrowing costs. The data came after a GfK survey showed German consumersentiment unexpectedly fell to its lowest level in five months going into April, partly due to people'sconcerns that rising inflation will erode their purchasing power. A breakdown of the year-on-year datashowed sharp drops in sales of food, drinks and tobacco as well as clothing, shoes and other itemssuch as books and jewelry.

NEWS YOU CAN USE

Retail PMISpanish 10-y Bond AuctionFrench 10-y Bond AuctionECB Monetary Policy Meeting AccountsChallenger Job Cuts y/yUnemployment Claims

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daily commodity report asimages.moneycontrol.com/static-mcnews/2017/04/achiivers-_comm… ·...

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