********** DAYS HIGHLIGHT *************

1) India’s annual inflation for the week ended June 28 seen at 11.75% - Reuters Poll
2) Maharashtra unlikely to see sharp rise in Rains in next 3-days - IMD
3) India’s medium quality, best quality Chilli stocks in Guntur down 35% to 3 mln bags – Rao
4) Demand for OPEC oil could fall to 31 Mbpd by 2012, below current output on rising non-OPEC supply
5) India’s MMTC says to sell 8900 tns of imported pulses to indian buyers and bids would close on July 15
6) India’s June car sales rise 6% vs year ago
7) Malaysia’s June palm oil end-stocks up 6.38% from May – MPOB
8) Malaysia’s June palm oil output up 0.76% from and exports down 6.71% from May – MPOB
9) Sugar market to tighten in 2008-9 - Kingsman

********** OLD USEFUL HIGHLIGHT *************

**** India Panel officials says no firm evidence of futures trading impacting Commodity prices
**** India 2007-8 Commodity Exchange turnover rose 10.58% to 40.66 Trl rupees – FMC
**** India cabinet approves law to make Commodity regulator autonomous – Das Munshiji
**** India farm minister says Future Trade not responsible for recent rally in Commodity Prices
**** India 2008 Wheat output seen at 76.78 mln tn – Farm min
**** India 2007-8 Food grains output seen at 227.32 mln tn – Farm min
**** India 2007-8 Rice output seen at 95.68 mln tn – Farm min
**** India 2007-8 oilseed output seen at 28.21 mln tn- Farm min
**** India 2007-8 Pulses output seen at 15.19 mln tn- Farm min
**** India 2007-8 Rapeseed output seen at 6.43 mln tn – Farm min
**** India 2007-8 Sugarcane output seen at 344.23 mln tn – Farm min
**** India 2007-8 Corn output seen at 18.54 mln tn- Farm min
**** India’s textile exports for FY08 at $ 20.5 bln and aiming for $ 50 bln by 2010 – Textile Sec
**** Sugar prices may more than double to 28-30 cts/lb within 2 years – M.Stanly
**** India year to Sep Sugar output seen at 26.5-27 mln tones – Sugar mills Asso
**** India’s MMTC sees its Gold imports at 100 tones in year to Mar 2008 vs about 140 tones yr ago – Chief
**** India 2008 Tea production estimated to rise 4.8% to about 985 mln kg – official
**** Rapeseed output in 2008 may fall by 500,000 tones on lower acreage – Mishra
**** India Wheat shortfall expected for next 3-years to 2009-10 – Farm Min
**** India to produce 137 mln tones Steel by 2015-16 – Steel Min
**** India Veg oil demand seen growing by 6-7% a year over next 5-yrs – SEA
**** Indonesia’s Palm oil output seen rising to 18.5 mln tones in 2008 from 17 in 2007 – IPOPA
**** IEA raises long-term price forecast for Crude Oil could hit $ 159/barrel in 2030
**** India total Coal imports to rise to 54 mln tone/year by 2015 and 151 mln T by 2030 from 39 mln T – IEA
**** India’s 2008 Pepper output seen at 50,000 tons, same as expected this year – Spice Board official
**** India likely to export total 3.5 MT of sugar in 2007-08 Sep vs 1.7 last year – Indian Sugar Exim Corp
**** India Winter oilseed output seen at 16.83 MT against 13.45 last year - COOIT
**** India Guar output for 2007 Kharif season estimated close to 65-lakh bags - Sources
**** Crude Oil prices can hit $150/barrel before 2010 - Investec
**** India Soymeal export for 2007-8 oilmeal marketing year are likely to top 4 mln tons – SOPA
**** Global sugar output sees rise by more than 3 mln tones on yoy to 169.9 mln tons in 2007-8 – Litch
**** India Natural Rubber output seen at 986,000 tones by 2011-12, up 15.6% from 2006-7 – Rubber Board
**** India 2007-8 Guarseed output first estimated 0.89 mln tones vs 0.66 year ago - Officials
**** India expects 5.3% mln tons wheat stocks on April 1, 2008 against 4 mln buffer norms – Food corp
**** India’s spices export to hit $10 bln by 2017 – Spices Board official
**** India to overtake Brazil as top sugar producers in 2007-8 – ISO
**** India’s coffee output for Oct 07-Sep 08 is expected to dip by 7% - Ramesh Rajan
**** India’s Cotton crop in 2007-8 will be 23.5 mln bales against 21.86 mln bales last year - USDA
**** Brazil 2007-8 cane crop seen record 473 mln tons against 426 last year – Brazil Govt
**** India headed for big increase in 2007-8 sugar crop, possibly 33 mln tons – Sugar EXIM Corp
**** India’s 2007-8 cotton output estimated at 31mln bales vs 28 mln bales last year – Govt officials
**** Pulses output for Khariff 2007 likely 51.25L tons higher by 12% from last years 45.7 - IPA
**** Coffee consumption may grow 50% by 2012 – ICEA President
**** India’s sugar output for Oct-Sep 2008 set towards new record ard 30 mln tons against 28 mln tons
estimates for Oct-Sep 2007 season - NFCOSFL
**** India may produce 28-mln bales (170 Kg each) for crop year ending Sep-2007, up by 7% from last
year – President of EICA
**** Global pepper supply suffer a short fall of 47,500 tons in this year – AELI Chairman
**** India’s Coffee crop for 2007-08, projected at 2,91,000 tones at par with last year crop–Coffee Board
**** Global Natural Rubber stocks may hit a surplus of 7,20,000 MT in 2007 - ANRPC
**** Global oil product demand will rise 2.2% annually from 86.1 mln bpd in 2007 to 95.8 by 2012 - IEA
**** India’s Sugar demand to rise 43% by 2018 – KPMG study
**** India likely to produce 30 mln tons Sugar in the Year to Sep 2008 :- Trade Sources
**** Cardamom production for 2007-8 expected 30-40% lower from 11thousand tons to ard 7-8