Sharekhan Commodities Buzz dated May 17, 2007

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Commodities Buzz [May 17, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Pepper: Large stocks in warehouse Although global outlook for pepper remains bullish on the back of a 10-15% drop in global output, yet pepper prices on domestic commodity exchanges are likely to drop due to rising stocks in exchange accredited warehouses. As on Monday, combined warehouse stocks with all the three national commodity exchanges were above 16,800 tonne, or roughly 40% of the country�s estimated output of 35,000-40,000 tonne in 2006-07.

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