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PROLOGUE

EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Sugar Fundamentals (in `000' tonnes)
2011-12e

2010-11

2009-10

2008-09

2007-08

2006-07

2001-02

29264
168482
48777
161274
55704
246523
28817

28,413
1,60,948
51,828
1,58,622
52,603
2,41,189
29,264

29,240
1,53,678
52,365
1,54,918
51,228
2,35,283
28,413

40,505
1,44,144
46,656
1,53,437
47,786
2,31,305
29,240

35,039
1,63,536
45,721
1,52,337
50,721
2,44,296
40,505

30,747
1,64,458
44,305
1,51,332
51,107
2,39,510
35,039

37,423
1,30,764
40,381
1,30,087
38,315
2,08,568
39,861

4,664
26,650
1,200
25,500
20
32,514
6,994

3,510
20,637
4,247
23,500
230
28,394
4,664

9,150
15,950
2,786
24,200
176
27,886
3,510

9,850
28,630
0
23,500
5,830
38,480
9,150

4,175
30,780
0
22,425
2,680
34,955
9,850

10,710
20,480
0
17,845
1,360
31,190
11,985

5,060
-

4,175
70.00

4,415
64.66

5,043
68.88

5,151
69.02

4411.6
67.40

1.02%
1.43%
3061
3202
139

2.02%
2.01%
2259
2293
130

0.74%
0.90%
1508
2012
81

0.46%
0.60%
1491
1351
81

0.67%
0.77%
1880
1462
80

1011
62

World
Beginning stocks
Production
Imports
Consumption
Exports
Total supply
Ending stocks

India
Beginning stocks
6994
Production
28300
Imports
100
Consumption
26500
Exports
1800
Net availability
35394
Ending stocks
7094
Area under production
(Sugarcane-'000 Ha)
Sugarcane yield (tonnes/Ha)
Average daily volatility of MCX spot prices
Sugar medium
Sugar small
Indian price in Rs/qntl
LIFFE prices in Rs/qntl
Sugarcane SAP Rs/qntl
145

Note: e - source estimates provided by USDA, Data extracted on July 28, 2011; SAP: State Advisory Price
Source: USDA, Indian Sugar Mills Association

Sugar balance sheet 2011-12e - World (in `000' tonnes)
Country

Begining
stocks

Brazil
China
EU-27
India
Thailand
Others

-335
1,514
1,128
6,994
2,103
17,860

World Total

Supply
Production

Imports

Consumption

Demand
Exports

39,600
12,000
15,300
28,300
9,700
63,582

0
1,850
3,700
100
0
43,127

27,300
64
1,010
1,800
7,300
18,230

12,550
13,600
17,500
26,500
2,800
88,324

29,264

168,482

48,777

55,704

161,274

Ending
stocks
-585
1,700
1,618
7,094
1,703
17,287

28,817

Note: e - source estimates provided by USDA, Data extracted on July 28, 2011
Source: USDA

286 Commodity Insights Yearbook 2011

178_300_CYIB_2011_Agri_final.indd 286

1/26/2012 1:29:46 AM

800 5.364 2.500 1.444 20.950 1.57 20.62 27.71 32.200 1.570 34.745 198.450 3.75 10.04 48.47 137.165 6. World Bank.890 25.pwc.980 26.45 45.166.83 190.600 3.22 58.535 200 24.71 55.500 200 5.181 27.480 18.94 11.590 35.267 10.AGRI COMMODITIES Sugar .129.394 16.85 10.03 11.336.96 58.11 1.37 74.43 45.72 49.150 2.68 40.173.265 6.650 5.17 47.481 15.265 0 2.338.70 1.85 20.313 0 2.700 23.250 206.465 125 20.36 44.09 2007-08 Brazil Russia India China South Africa 31.288 190.85 44.74 140.81 58.12 32.359 2.34 140.34 11.78 158.900 1.91 13.000 100 1.00 1.09 19.223 4.271 2.955 15.478 2.650 11.680 122 1. Source: USDA. CIA World Fact Book Sugarcane state-wise area and production States/ UT 2010 -11 Uttar Pradesh 2125 Maharashtra 964 Tamil Nadu 326 Karnataka 421 Andhra Pradesh 192 Gujarat 188 Haryana 102 Uttarakhand 107 Punjab 70 Bihar 300 Madhya Pradesh 76 Others 92 All India 4962 Source: Ministry of Agriculture.14 23.43 138.247 1.47 29.52 13.329 32.065 6.indd 287 2179 1093 354 306 247 211 140 124 110 109 75 107 5043 2247 1049 391 326 264 214 140 121 99 130 64 106 5151 Production (`000' tonnes) 2009 2008 2007 2006 -10 -09 -08 -07 108735 56551 31807 29112 11707 13440 5335 5842 3700 5000 2362 4159 277750 109048 60648 32804 23328 15380 15380 5130 5590 4670 4960 2975 5116 285029 124665 88437 38071 26240 20296 15190 8860 7686 6690 3855 3180 5018 348188 133949 78568 41124 28670 21692 15630 9580 6100 6020 5956 2806 5425 355520 2001 -02 117982 45140 32620 33017 18082 12465 8170 7555 9250 5211 1616 6100 297208 A PwC & MCX Joint Endeavour 287 1/26/2012 1:29:46 AM .077 168 21.115 6.175 28.mcxindia.49 2006-07 Brazil Russia India China South Africa 31.550 6.62 50.800 5.525 32.400 5.855 2.47 30.56 21.150 30.600 1.100 0 972 165 19.500 1.265 6.425 13.189.550 200 176 75 1.16 60.500 24.429 2.645 39.317 2.500 13.34 44.44 10.330.630 15.637 11.200 14.971 196.200 28.06 42.00 164.300 34 230 93 830 11. Population figures for 2011-12 is arrived at by calculating CAGR from 2004-05 to 2010-11.01 141.78 43.250 1.350 0 2.39 1.394 15. Data retrived on July 28.300 12.780 12.08 1.27 20.830 56 1.600 4.000 5.com/in/en 178_300_CYIB_2011_Agri_final.61 49.010 26. GOI Area (`000' hectares) 2009 2008 2007 2006 -10 -09 -08 -07 2001 -02 2010 -11 1977 756 293 337 158 154 74 96 60 116 62 91 4175 1938 595 315 417 218 176 161 123 121 113 75 64 4316 125788 68672 34020 36828 14820 13440 6955 6400 5000 5492 3259 4239 324912 2084 768 309 281 196 221 90 107 81 112 71 96 4415 www.01 2010-11 Brazil Russia India China South Africa 38.45 21.148 28.549 35.83 31.500 14.84 42.NON-AGRI COMMODITIES DATABANK .02 46.023 3.00 183.748 2.74 60.73 56.886 18.14 33.650 50 20 64 500 12. 2011.11 175.47 10.740 38.341.820 220 25.36 1.90 33.850 180 2.570 31.38 2008-09 Brazil Russia India China South Africa 31.00 12.990 23.303 1.87 1.17 1.154 11.800 64 450 12.950 22.99 42.93 10.150 2.585 31.74 1.148.300 100 1.321.04 1.DATABANK .208.265 203.000 1.850 3.500 14.975 0 2.514 15.950 13. IFM.68 Note: e .10 139.620 37.300 1.90 58.40 33.05 161.47 47.898 2.29 24.330.495 201.315 6.21 35.950 0 1.14 49.com / www.62 39.786 1.38 1.06 2009-10 Brazil Russia India China South Africa 36.185 11.source estimates provided by USDA.97 1.29 11.400 3.360 0 3.85 49.850 270 27.500 13.840 0 2.BRICS Nations fact sheet (in `000' tonnes) Production Import Export Consumption Net Population availability (in million) Per capita Per capita availability consumption (kg) (kg) 2011-12e Brazil Russia India China South Africa 39.58 46.

00 248.600.00 186.00 Nov-08 1.725.14 10.252.300.67 Aug-10 113.056.700.00 Nov-10 1.15 5.42 5.00 189.025.600.PROLOGUE EDITORIALS EXPERTS' VIEWS INDIAN ECONOMY Sugar month-wise production.85 Sep-09 97.110.20 1.176.762.00 191.00 Aug-07 220.00 1.00 217.00 190.00 2. 2011. despatches and arrivals (in `000' tonnes) Sugar month-wise production and despatches Month Sugar despatches production production Sugar state-wise monthly arrivals Maharashtra Uttar Pradesh Dec-10 4.608.00 1.80 2.575.21 8.532.284.00 1.00 0.652.00 2.00 194.203.100.66 5.00 191.00 2.20 1.00 193.619.500.64 2.350.526.00 1.300.762.00 1.71 0.500.00 Mar-07 4.44 6.00 Jul-08 162.00 8.00 1.00 Feb-09 2.00 191.00 288 Commodity Insights Yearbook 2011 178_300_CYIB_2011_Agri_final.507.00 1.451.702.90 4.00 153.58 2.72 2.00 1.00 1.605.200.00 209.00 1.00 0.553.830.400.00 195.21 6.00 Sep-08 110.00 2.40 1.00 1.00 1.840.00 1.00 Feb-08 5.00 1.30 1.650.173.49 6.400.00 180.00 May-07 1. SAP: State Advisory Price Source: Indian Sugar Mills Association 2.83 3.00 185.430.20 1.00 1.00 1.00 12.00 1.600.00 1.00 208.00 1.76 1.27 5.031.00 165.00 2.00 2.00 8.859.587.00 227.60 2.00 1.90 1.00 190.650.00 1.00 1.00 2.00 Jun-08 337.00 1.01 Jan-10 4.indd 288 1/26/2012 1:29:46 AM .60 May-10 392.40 0.597.00 0.662.15 9.00 1.20 1.183.765.90 Nov-09 1.00 Dec-07 4.85 1.58 Jul-09 62.374.323.200.544.977.00 1.00 1.00 191.668.00 176.00 1.60 0.41 1.509.00 1.00 215.400.97 7.00 1.650.300.164.00 0.48 1.00 161.00 1.84 Jun-10 97.60 4.637.950.692.26 2.00 229.672.00 159.17 9.00 6.00 Apr-06 1.75 1.500.60 N/A 9.00 2.00 1.00 1.00 May-08 1.00 Dec-06 4.400.00 1.62 3.00 1.00 184.00 1.00 Apr-08 2.00 1.00 1.21 0.124.00 169.500.02 Jun-06 81.81 Jul-10 46.00 Jan-07 4.00 2.898.707.00 1.00 Sep-06 206.909.00 191.00 208.00 1.39 Apr-09 314.79 0.132.700.749.804.60 1.773.00 Aug-06 206.598.49 1.00 0.85 1.00 229.00 20.600.500.00 10.29 0.00 9.00 194.00 1.00 193.900.00 1.75 0.267.00 10.300.377.500.16 Oct-09 194.00 1.00 229.700.142.845.53 4.874.224.49 2.00 Mar-09 1.00 Jun-07 501.20 N/A 8.450.777.91 1.00 174.00 1.581.750.87 3.00 214.70 1.00 1.08 10.00 192.424.500.000.00 1.00 1. Data extracted on July 28.00 10.00 202.80 7.90 Levy Sugar Free Sugar 208.00 Mar-08 4.00 1.10 1.00 Aug-08 105.00 Jul-07 224.669.00 1.300.15 8.00 1.00 0.20 2.00 186.00 186.218.047.00 1.58 0.30 1.00 200.00 8.50 7.00 1.00 177.850.695.00 1.00 0.88 Aug-09 95.00 Oct-10 229.04 6.14 7.899.00 Nov-06 2.94 Sep-10 145.05 6.300.00 Feb-07 4.300.200.00 184.40 1.61 6.631.00 150.200.54 8.291.800.00 1.492.16 Dec-09 4.00 May-06 418.00 1.23 7.832.600.00 Oct-08 294.00 2.10 0.11 1.636.00 1.300.00 1.400.702.586.00 1.00 2.00 Dec-08 4.00 189.00 1.46 Feb-10 3.10 9.00 1.00 156.00 Apr-07 3.00 1.00 220.40 1.00 215.391.66 Apr-10 1.00 Jan-08 5.300.872.834.00 Jan-09 3.00 1.40 1.450.89 7.300.00 1.00 2.00 0.70 6.10 1.40 6.78 9.00 1.242.00 0.296.91 8.00 2.00 189.00 211.21 Mar-10 2.00 228.343.500.82 Jun-09 94.00 201.00 6.00 Oct-06 306.00 191.414.90 10.source estimates provided by USDA.00 2.00 1.72 0.00 Oct-07 326.200.00 235.259.00 1.00 1.00 1.25 7.82 Note: e .00 Sep-07 253.650.06 May-09 109.00 1.00 1.00 1.00 189.00 11.00 192.00 1.00 0.80 8.624.00 Nov-07 1.00 167.00 1.350.00 Jul-06 165.25 1.

580 4. prices Rs/Qntl www.512 1. Int.335 26.610 5.542 2.906 10. Sugarcane Crushed /Recovered and Capacity in India No.650 1.060 1.421 1.269 1.141 1.725 144.352 2.167 2.mcxindia.260 1.AGRI COMMODITIES DATABANK .298 9.546 249.NON-AGRI COMMODITIES State-wise Production of Sugar in India (`000' tonne) 2010-11e Maharashtra 9.indd 289 A PwC & MCX Joint Endeavour 289 1/26/2012 1:29:46 AM .238 180. p: provisional Source: Indian Sugar Mills Association Sugar: Ending Stock & Prices 000 tonnes 12000 India ES World ES (5x) Mumbai Prices Sugar London Prices 3500 9600 2800 7200 2100 4800 1400 2400 700 0 0 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 Source: SEA of India & Agmarknet.321 10.191 510 18.55 149 504 3.000 India 24. Indian prices Rs/Qntl.825 185. Average Prices of India for the month of March SourceSource: : USDA.estimated. of factories in operation Average Actual Capacity (tonne) Per 24 hrs Total Cane Crushed ('000 tonnes) Recovery of Sugarcane (%) Average Duration (Days) 2009-10 2008-09 2007-08 2006-07 2001-02 490 3.17 174 434 3.550 1.com/in/en 178_300_CYIB_2011_Agri_final.199 2001-02 5.507 Uttar Pradesh 6.924 28.978 10.530 Number of Sugar Factories in Operation.803 4.540 Source: Compiled based on Lok Sabha Questions (2005-2011) 2009-10p 2008-09 2007-08 2006-07 7.249 10.060 1.839 2.366 1.DATABANK .548 10.036 5.050 18.27 140 Note: e .03 87 516 3.390 1.456 Andhra Pradesh 1.013 8.2 108 488 3.474 279.075 7.839 1.385 Karnataka 3.461 Gujarat 1.010 590 26. ES .320 2.com / www.330 9.ending stock.200 Tamil Nadu 1.pwc.

Source: USDA 290 Commodity Insights Yearbook 2011 178_300_CYIB_2011_Agri_final.source estimates.000 Others Note: e .000 Brazil Thailand 20.000 Other Note: e .000 Thailand 200.000 Guatemala 50.source estimates.000 United States EU-27 20.000 0 Brayil India 100.000 0 India EU-27 100. Source: USDA Imports 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12e 0 10.000 Other Note: e .source estimates.000 United States 200.000 Other Note: e .PROLOGUE EDITORIALS EXPERTS' VIEWS INDIAN ECONOMY Data of top 5 countries (`000' tonnes) Production 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12e 50.000 Indonesia 30.000 China Brazil 150.000 United Arab Emirates 60.indd 290 1/26/2012 1:29:46 AM . Source: USDA Exports 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12e 0 10.source estimates.000 United Arab Emirates 60.000 EU+27 China 150.000 Russia 50.000 Australia 30. Source: USDA Consumption 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12e 50.

234 68. Future prices are for near month continuos futures contract.00 3.00 1.884.00 1.019.870.086.mcxindia.133.808.821.00 2.00 108.10 139.33 4.00 1.663.Wholesale Price Index.544 105.455.552.50 3.868.00 2.00 1.indd 291 A PwC & MCX Joint Endeavour 291 1/26/2012 1:29:47 AM .085.292.00 1.00 103.386.00 1.700.00 2.00 2.11 3.800.159.30 315 111.00 1.709.00 2.00 1.870.476.00 1.942.015.475.00 1.00 1.858.809.00 107.436.00 2.780.00 3.00 1.00 1.00 97.810.745.083 Mar-08 1.335.439 61.902 Note: MCX Spot prices for sugar medium is taken from Alipur till Nov-09 and from Delhi from Dec-09 onwards.621 Oct-09 3.417.00 93.101.380.266 Apr-09 2.40 722.00 1.854.310 Mar-09 2.00 1.464.791 Sep-07 1.884 58.547.00 1.com / www.00 109.00 1.90 283.00 1.com/in/en 178_300_CYIB_2011_Agri_final.00 3.00 1.98 3.971 70.00 1.579.00 2.290.00 1.00 1.437.474.00 1.00 1.4 147.00 2.90 203.537.00 1.150 Feb-09 2.401.00 2.00 1.396.269.923.452.442.00 2.854 Jan-10 4.288.389.40 332.738 Oct-07 1.00 1.96 2.00 1.142.897.617.833.08 2.966 Aug-07 1.88 161.587.00 1.500.63 2.00 3.780.272.778 Sep-06 1.69 2.00 1.639.685.7 153.817.63 2.9 135.00 2.00 1.00 1.842 88.367.00 2.9 131.700.920.199 Jun-06 1.500.00 1.00 115.2 217.00 1.00 1.758 Jul-08 1.00 1.404.10 279.840.8 79.10 585.00 1.919.289.501.017.00 92.358.70 334.00 95.040.064.90 208.023.449.967.786.00 1.919.300.00 100.250 71.70 137.00 1.800.00 2.422.381.428 71.00 1.172.829.00 2.731.00 1.00 1.137 47.00 2.00 1.00 1.00 2.871.726.707.30 447 152.807.736.00 2.641 61.640.00 1.80 3.468.00 1.827.00 2.168.70 377.328.415.218.00 2.00 2.781 Sep-09 3.334.278.804 56.00 1.00 2.404.790.00 1.379.00 107.430.80 580.349 50.009 78.427.545.00 2.551.024.00 1.423.34 140.165.00 1.00 1.00 95.00 1.00 1.569.480.00 1.845.442.27 3.046.00 92.587.378.800.822.716.647 75.00 1.495.00 1.946.837.822.00 439.00 1.394.630.977 87.092.00 2.00 1.431.00 1.582.394.773.00 1.00 2.662.956 61.641.807 53.933.469 Jan-07 1.00 2.40 383.00 2.330.543.559.662.00 2.294.00 1.241 63.00 1.491.434.644.479.00 468.00 1.690.00 2.125.00 1.282 Oct-10 2.20 392.825.198 May-09 2.493.00 1.00 1.00 1.011.615.506.10 2.00 1.00 98.864.355.611.633.004.287.42 3.12 185.00 2.00 93.00 1.621 Nov-06 1.549.60 327.550.946.00 1.80 152.475.337.085.959 63.00 161.00 1.00 1.215.00 380 125.603.00 2.00 1.396.739 61.630.10 386.018 Mar-07 1.00 1.512.00 2.00 1.80 369.00 373.834.10 610.497.641.00 1.764 85.00 104.00 3.963.00 1.00 1.436.NON-AGRI COMMODITIES DATABANK .00 2.9 70.238.77 3.00 2.90 379.700.444.420.494.00 95.735.943.759.00 1.00 1.924 Sep-08 1.939.00 1.00 109.293 85.00 1.00 1.409 61.445.pwc.00 1.830.996.849.260.00 120.555.00 1.00 199.052.636.554.000.00 1.12 3.00 1.558.7 142.034.667.00 2.964 61.00 2.00 1.950 Jul-10 2.00 1.920.00 2.890.961 Feb-08 1.745.055 72.773 Sep-10 2.14 2.00 1.147.00 1.30 189.877 Nov-09 3.00 1.00 2.95 160.673 44.935.36 2.00 2.00 1.485.00 1.70 465.70 128.157 65.00 2.00 92.432.833 Feb-07 1.50 350.175.901.925.886.852.891.338.830.807.168 Jan-09 2.330 49.916.00 1.00 3.444.00 1.00 1.00 2.00 3.100.327 81.680.00 1.00 1.598.00 2.6 152.775.00 1.903.539 May-08 1.990.00 2.00 92.924.00 113.559.930.00 1.00 2.203 Aug-06 1.453 66.354.955.337.585.00 2.96 3.224.00 1.00 3.454.00 1.00 1.809.00 3.04 3.00 2.447.772.855.473.647.614.00 1.50 58.52 2.00 1.00 3.00 1.331 59.00 1.201.40 401 138.43 166.900. WPI .00 2.00 1.476.56 2.27 183.00 1.890.00 1.813 70.499.892.80 491.707.440.38 2.00 3.00 3.10 742.00 1.40 470.018.00 1.56 2.4 213.198.084.00 1.00 1.00 1.00 3.00 92.00 191.135.804.554.00 2.00 1.00 1.00 1.00 1.876.217 61.401.997.847.00 1.374 63.60 108.420.52 3.152 47.66 161.00 2.147 84.00 1.833.403 82.443.00 1.80 308 166.40 618.00 1.539.00 2.87 3.00 1.299.5 145.936.354.00 1.00 1.5 139.00 1.87 2.00 2.00 100.295.619 60.00 287.00 1.00 1.997 53.00 2.314.00 1.00 1.269.00 1.636.498.00 3.00 1.171.523.09 155.00 2.040.852.432.50 398 104.00 1.446.00 458.450.217 Apr-08 1.148 Jul-06 1.605.338 Mar-10 3.378 Oct-06 1.00 3.689.00 1.00 127.00 2.600.046.00 1.810.00 1.80 3.910 54.690.00 1.00 1.738.00 1.30 136.42 2.772.27 142.518.00 1.683.412.50 280.946.760.00 1.420.30 669.499.00 1.410.307 May-07 1.96 2.770.495.00 1.500.80 427.778.00 1.448 Apr-10 3.00 1.470.356.600.560.150.00 1.908 Aug-09 2.630.522.155 Jul-09 2.00 2.59 200.00 2.841.20 171.00 3.00 2.367 63.00 96.646.00 2.00 1.00 1.847.346 53.355.68 2.225.478.350.151 67.492 May-10 3.833.918.93 157.943.00 1.00 110.00 1.003.489.527.159 Nov-08 1.135.885.04 4.299.508.525 84.528.921.962 77.557.303.655.00 1.7 227.672.00 2.00 3.51 202.976.933.00 1.884.2 207.380.948 63.8 151.00 1.00 108.456.00 1.00 2.492.00 1.00 1.00 1.2 279.296.00 1.00 3.00 2.537.70 180.479.62 172.285.00 1.586.478.857 Dec-06 1.847.00 1.9 160.878.5 185.373.707 Jan-08 1.00 1.686.11 3.00 1.60 504.326.247.963 91.113.593.00 1.351.379 Jun-10 2.471.051 May-06 2.00 2.565.30 400 111.71 167.00 114.869.00 1.144.00 1.00 1.00 1.00 1.976.015.456.255.590.00 2.309 Jul-07 1.80 166.199 Apr-06 2.00 1.236.00 2.00 1.558.00 1.390.00 336.00 2.057.00 1.00 1.70 710.627 Aug-08 1.00 3.00 4.586 61.562.107 Jun-08 1.908.00 3.00 2.50 2.410.683 Aug-10 2.00 3.332.287.009.00 115.885.426 Jun-09 2.00 1.11 2.00 110.00 1.00 92.941.905.00 2.9 128.785.472.814.50 573.00 1.AGRI COMMODITIES Sugar prices and trading activity Month MCX Spot prices (Rs/qtl) Medium (Delhi) Small Monthly Month’s Month’s Monthly Month’s average high low average high Month’s low Other markets monthly average spot prices (Rs/qtl) Delhi Mumbai WPI of Sugar White Sugar LIFFE futures Closing Open price Volume interest (USD/MT) (in lots)^ (in lots)^^ Dec-10 3.00 1.874.839.964.00 2.27 2.274.00 1.960. & Ministry of Comerce and Industry.23 2.00 1.418.00 1.00 2.39 2.00 2.00 2.925.00 2.50 320.20 342.202 Feb-10 3.740.510 Oct-08 1.830 Apr-07 1.597.00 1.00 1.00 1.60 332 174.00 3.102.60 309.621.304.00 2.00 2.420 Nov-07 1.154 68.489.63 3.252.00 1.34 184.293.358.591.906.611.00 1.75 165.055.255.00 2. Source: AgmarkNet.976.00 1.757.379 Jun-07 1.392.206 49.875.00 1.30 528.85 3.935.00 1.665.90 318 51.233.608.785.92 3.854.61 164.80 578.864.43 2.00 2.50 170.00 2.658.37 2.367.00 2.00 177.548.901.982.73 2.00 1.964.00 1.153 Dec-08 1.00 2.00 2.00 1.80 334.432.00 2.76 132.307.00 2.00 1.00 3.2 120.016.000.543.00 1.273.00 2.570.00 1.00 3.710.00 387.406.874 74.419.00 1.00 3.529.00 1.884.356.824.971.00 1.469.361.868.00 3.586 77.00 2.00 1.00 1.266.00 3.018.333.80 339 175.00 2.00 1.00 2.92 2.00 1.80 617.00 3.60 113.281.30 139.785.00 1.435.70 710.80 777.00 1.00 1.00 1.245.017.985 78.945.940.00 1.40 453.995.00 2.00 1.5 156.276.00 1.770 77.00 1.00 1.10 140.890.00 3.00 1.739.00 127.740.053 82.00 1.00 98.00 96.725.16 159.00 2.017 Dec-07 1.85 168.00 1.00 1.00 2.00 3.00 1.00 116.111.904.968.00 1.468.00 1.425 60.00 1.120.580.631.574.332.00 1.872.852.00 337.38 2.00 3.218.00 1.00 2.00 92.80 474 162.5 112.713.00 1.525.018 Nov-10 3.00 1. Exchanges' websites www.066 Dec-09 3.399.00 2.00 1.00 2.6 205.2 137.80 320 92.00 2.00 1.509.918.00 1.DATABANK .21 2.00 1.867 65.294.00 2.