Sharekhan Commodities Buzz dated May 09, 2007

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Commodities Buzz [May 09, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Chana: Huge deliveries expected in May As mentioned in our Chana special dated May 7, 2007 the government is going in for heavy imports of pulses taking advantage of cheaper imports. The finance minister is also scheduled to meet with the pulses monitoring committee this week. Two weeks before expiry of the contract, May open interest of 25,430 tonne against nearly 20,000 tonne chana stock in exchange warehouses is likely to end up in higher delivery in the contract. June chana contract open interest rose by over 2,820 tonne from Monday on falling prices, indicating fresh short positions for the June month.

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