Sharekhan Commodities Buzz dated May 15, 2007

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Commodities Buzz [May 15, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Soy oil: Overseas cue strong, local prices subdued Resellers actively dispatched soy oil in the market on apprehensions of cheap availability of import oil after mid May due to a much stronger rupee. In Indore, refined soy oil prices were steady at Rs469-475 per 10kg, down Rs2-3 from Saturday. The June soy oil contract on NCDEX is expected to range between Rs480 and Rs490 per 10kg. The short-term outlook for palm oil is strong. Soy oil futures on CBOT too are likely to gather positive momentum due to subdued soy bean exports from Brazil on a weak dollar. However, strength in the rupee could cap any upside.

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