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  2006-12-14 00:00:00
  Global cereal production to come down
NEW DELHI (Commodity Online) -- The food and agriculture organisation (FAO) has cut its previous forecast for 2006 world cereal production by 8 million tonne to 2,013 million tonne on hot, dry weather. The new forecast is 1.6% less than the 2005 output.  Continued...
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     Market Pulse
 
 
NYMEX crude surges to two months high
  Crude oil futures in the international market registered a modest gain Friday on the back of the improved US job data coupled with rise in the retail sales and industrial production.
 
MCX Comdex moves down by 0.28%
  MCX Comdex was down by 0.28% to 2689.32, MCX Energy was up by 0.81% to 2704.78 and MCX Metal was down by 1.25% to 3210.18.
 
NCDEX jeera continues to trade down
  Jeera futures continued to trade down on Friday for the second straight session due the higher arrivals and the subdued demand from the overseas market.
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    Technical Calls  
  Gold, crude oil gains; copper flat in early trade
  Spot Gold prices gained today till 4.00 pm IST, as the dollar weakened and paved way for the yellow metal prices to wipe out earlier losses of the week.
  Refined Soy Oil falls globally
  Refined soy oil futures are expected to trade lower on weak overseas market owing to bio-diesel subsidy is not passed in the US senate.
  Mustard Seed gains on better demand
  Mustard Seed prices are expected to trade range bound with sentiments on account of fresh arrivals of mustard seeds .
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    FOREX Reports  
  Pak forex reserves falls to $14.72 billion
  Pakistan’s central bank said country’s foreign exchange reserves fell to $14.72 billion in the week ending on March 6 from $14.80 billion the previous week.
  China, US currency war continues
  China on Friday said yuan's value was not a political one and was not the key to global trade imbalances
  Aussie ends steady
  The Australian dollar held steady on Friday with the market happy to consolidate the week's gains that had pushed it to seven-week highs.
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