COMMODITY BUZZ

PRECIOUS METALS

2

GOLD India is the largest consumer of

Gold. India ‘s annual demand was

963 MT in 2010

Gold contributes to 8% of total

imports of the country. India

imported 800 MT in 2010 (WGC)

Around 95% of India’s demand is

met through imports

Gold Contd… At more than 18,000 tonnes, Indian households hold the largest stock of

gold in the world.

Gold purchases in India accounted for 32% of the global total in 2010

Over the past decade, gold demand in India has increased at an average

rate of 13 percent per year, outpacing the country’s real GDP, inflation

and population growth by 6 percent, 8 percent and 12 percent

respectively.

Major Companies : Titan, Gitanjali, MMTC

Silver India is largest consumer of

Silver. India’s average annual

demand is 2000 tons.

India produces only around 200

tons. Most of the demand is met

through imports and recycling.

India’s import of silver in 2010

was 1200 tons vs 1000 tons in

2009

BASE METALS

6

Nickel and Copper

Nickel market in India is of total import dependent.

India imports around 30,000 tons of Nickel.

Import duty on Nickel is 15%.

India is the 7th Largest Consumer of copper in the

World

Companies : Sterlite, Hind Copper

India Copper Market ('000

tonne)

Production Consumption Imports Exports

641 520 220 279

Lead and ZincIndia is 5th largest producer(mine) and 4th

largest consumer of zinc

Companies : Hind Zinc, Amar Raja Battery,

Exide, Sterlite

India Zinc Market (in tonnes)India World Rank % Share

Mine Production 740000 12.327 mln 5 6%

Zinc Consumption 525000 12.572 4 4%

ENERGY

CRUDE OIL India 's biggest import bill is from

crude oil - arnd 29% of total

import is crude oil

75% of India's requirement are

met through crude imports

India is 4th largest consumer of

Crude oil (5% of total) at 3215

thousand barrel /day

2001 2002 2003 2004 2005 2006 2007 2008 20090

500

1000

1500

2000

2500

3000 Imports (thousand barrel/day)

AGRI COMMODITIES

SPICES

Contributes to 6%

of Total Export

Values of India

12

Pepper6%

Chilli22%

Turmeric10%

Corriande

r0%

Cumin6%

Others56%

% Share of Total Spices Value

SPICES EXPORT (Qnty in Tonnes and Value in Lakhs)

2007 - 2008 2008 - 2009 2009 -

2010 2010-11(E)

Quantity Value Quantity Value Quantity Value Quantity Value

444250 443550 470250 530025 502750 556050 525750 684070

Spices Contd…. Pepper Largest Traded Spice in the

world

India is the second largest

producer and Fifth largest

exporter of Pepper

India exported 18,850 tn

pepper during 2010-11 (Apr-

Mar), as against 19,750 tn in

the previous year.

Pepper Production( MT) - 2010

India World Rank Share (%)

50000 316380 2 15.80

USA37%

Uk8%

Canada6%

Italy5%

Vietnam4%

Germany4%

Japan3%

Australia3%

Others31%

Countries Importing India's Pepper (% share)

Spices Contd… Jeera India is the Largest Producer and

Consumer Of Jeera in the World

India Consumes around 70% crop

and rest is exported

Jeera Contributes to 6% of the

total Spices exported (in value

terms)

India Cumin’s Exports (in MT)

2008-09 52500

2009-10 49750

2010-11 32500

Spices Contd… Chilli Chilli is the 2nd largest traded spice

in world spice market (16% of total

spice trade in world)

Largest contributor to total value of

India Spice exports (22% of total

spice export value)

India is largest Producer, Consumer

and Exporter of Chilli in the world

2006-07 2007-08 2008-09 2009-10 2010-11 (E)

0

50000

100000

150000

200000

250000

300000 Indian Chilli Exports (in MT)

Source: Spice Board of India

• India’s annual Chilli production is around 1.2-1.4 million ton

•India’s export was 204000 tons in 2010-11

Spices Contd… Turmeric and Corriander

India is largest producer, Consumer and Exporter of Turmeric

and Corriander

Turmeric 2008-09 2009-10E 2010-11 F RANK Share

Production (MT)305000 380000 490000 1 80%

Exports (MT) 52500 50750 49250 1 -

Corriander 2008-09 2009-10E 2010-11 F RANK Share

Exports (MT) 30200 47250 40500 1 -

Grains…Wheat India is Second Largest Consumer of wheat and Third Largest

Producer

17

Production(000' MT)India World Rank Share (%)

2010-11 80800 648242 3 12.46

Wheat Production(Million MT)

2008-09 2009-10 2010-11

India 78750 80680 80800

World 68790 684251 648242

Wheat Consumption (Million MT)

India World Rank Share (%)

2010-11 82525 656565 2 12.57

Wheat Consumption (Million MT)

2008-09 2009-10 2010-11

India 70924 78150 82525

World 642237 652497 656565

RICE Second largest rice producing country in the world, with 25% of global

output

Leading Basmati rice producer in the world, with 60% of global output

India produces around 96 mn MT of rice out of which non-basmati rice

constitutes 93.3 mn MT and basmati rice contributes the remaining 2.7

mn MT

Asia accounts for 90% of world’s production and consumption. India &

China together account for 53% of global production

Rice constitutes around 1/3rd of the total India’s agricultural production

Rice contributes approximately 26% of the overall agricultural exports

from India

PULSES India is  World’s largest producer and consumer of pulses

Average demand for pulses stands around 17.5-ap million tonnes while

production is around 15 million tonnes

Pulses imports has 16% share of total Agri Imports

India had banned pulses' export in 2006 to augment the domestic supply

and check prices. However, the government exempted the shipments of

Kabuli Chana and 10,000 tonnes of organic pulses for the year 2011-12

EDIBLE OIL India’s largest Agricultural commodity import is of Vegetable oils (4o

% of Total Agri Imports)

India is 3rd largest importer of vegoils in the world

India consumes 15 million tonnes of which 50% of demand is met

through imports

Veg Oil Imports (million MT) (2010-11)

India World Rank Share (%)

8.47 57.11 3 14.83

Edible Oil- CPO

India is the largest importer of Crude Palm Oil in the world

India meets 90% of its CPO demand from imports. India

imports 60-70% of from Indonesia.

Palm Oil Imports ('000 MT) (2010-

11)

India World Rank Share (%)

6500 35424 1 18.35

India Crude Palm Oil ('000

tonnes)

Imports Demand % share

6500 7350 88.43537

Edible Oil- Soyoil India is 2nd largest importer of Soyoil in

world

India imports approx 11% of total world

Soyoil imports

Soyoil is majorly imported from Argentina

Soy oil Imports (‘000 MT)

(2010-11)

India World Rank Share (%)

1000 9272 2 10.79

2008-09 2009-10 2010-110

2000

4000

6000

8000

10000

12000

1060 1598 1000

9076 8704 9272

Soybean Oil Imports ('000 MT)

World India

Castor Oil India is the largest exporter of castor oil and exported 3.97 lakh

mt in the year 2009-10. Castor Oil contributes to 2.40% Total

export value of India

India contributes to 90% of the world export market

US , EU and Japan - leading importer of Indian Castor Oil

  

Castor Oil Exports

( Quantity :000tons ; Value :Rs. Crore )

2007 - 2008

 

2008 - 2009 

2009 - 2010 (P) 

Quantity Value Quantity Value Quantity Value

282.18 1275.72 357.26 2128.72 397.70 2177.57

SOFTS….Cotton and Sugar

India is 2nd Largest producer and exporter of Cotton in world

24

Cotton (‘000 MT) (2010-11) India World Rank Share (%)

Production5225 24883 2 21.00

Exports 1089 8681 2 12.54

India is 2nd largest Producer and largest Consumer of Sugar in worldSugar (‘000 MT) (2010-

11) India World Rank Share (%)

Production26650 160948 2 16.56

Consumption25500 159332 1 16.00

Milk

India is the largest producer of Milk with 108 mln

Litres Produced in 2010

In Terms of Cow Milk, India is 2nd largest producer

with US being the largest Producer of Cow Milk

New Zealand has the highest yield

Coffee India is the 5th largest producer of Coffee in the world.

Coffee contributes to 2.3% of the total India’s export value

26

2006-07 2007-08 2008-09 2009-10 2010-114000

4200

4400

4600

4800

5000

5200

4665 4660

4375

4850

5100

India Coffee Production ('000 60 kg bag)India’s Production

(‘000 60 kg bag)

India World Rank Share (%)

5100 137908

5 3.70

Tea

Tea contributes to 3.40% of total India’s

export value

Guar

India is largest producer of Guar Seed and

largest exporter of Guar Gum

More than 75% of India’s produce is

exported. India exported 21000 tonnes in

2010-11 contributing to 90% of world market

requirements

Fruits - Grapes

India is the 9th largest producer and 6th largest exporter of

grapes in the world

India World Rank Share (%)

Production (MT)(2010-11)

1006000 15941865 5 6.31

Exports (MT)(2010-11)

109332 2390898 9 4.57

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