Demand in the cement industry could be mild in FY25.
While the cement sector had a successful year last year, with both capacity growth and utilization reaching all-time highs, demand is anticipated to decline in the current fiscal year. The business has performed well in recent years, helped by the growth in the housing and infrastructure sectors, which is one explanation for this unfavorable base…
Zinc Increases as China’s Total Trade Data Showed Some Encouragement
Due to encouraging indicators in China’s trade data, which showed growth in both imports and exports in April, suggesting a resurgence in both domestic and international demand, zinc prices increased by 0.23% yesterday, closing at 258.5. Given that China is a major producer and consumer of zinc, this uptick in trade activity is encouraging for…
Jeera declined since there may be more arrivals on the market
Jeera prices fell -0.75% Wednesday, closing at 25190. This was mostly because of the market pressure brought on by the expectation of more increases in arrivals. Nonetheless, strong export demand and forceful stockist purchases kept the negative effects in check. Due to limited worldwide supply, Indian jeera continued to be favored by purchasers worldwide, even…
Rising Chinese Imports and Falling Inventories Caused Crude Oil Prices to Soar
The world’s top oil-consuming countries, China, and the United States both have rising crude oil stockpiles and exports, which has caused a slight increase in crude prices yesterday, which ended at 6606 due to positive demand outlooks. A report by the Energy Information Administration showed that U.S. oil stocks had dropped by 1.4 million barrels…
Govt introduces high yielding & disease resistance wheat variety
The Indian Agricultural Research Institute has introduced a new high-yielding wheat seed variant, HD 3386, which is resistant to yellow and leaf rust diseases commonly found in the northwest region of India.IARI has developed a new wheat seed variety with a productivity of 25 quintal/acre, which is higher than the currently used seed (productivity of…
Expectations of this year’s Fed rate cuts caused silver to settle flat
Yesterday’s trading session saw a little decrease in silver prices of -0.09%, ultimately closing at 82878. Fresh expectations of imminent rate reduction by the Federal Reserve, stoked by the US jobs growth that was less than anticipated, were blamed for this decline. Following remarks made by Fed officials that suggested a possible change in the…
India’s service activity growth slower in April but still highest in 14 years
India’s services sector witnessed one of the strongest growth rates in just under 14 years due to a favourable economic environment and rising demand strength. The seasonally adjusted HSBC India Services Business Activity Index fell slightly from 61.2 in March to 60.8 in April. In April, India’s service activity increased slightly slower, but there was…
Strong export demand and aggressive stockist buying drove up Jeera prices
Due to strong export demand and aggressive buying by stockists, jeera prices rose an amazing 5.91% throughout yesterday’s trading session, ultimately finishing at 26540. Due to limited global supply, Indian jeera is still chosen by consumers worldwide, albeit the upside was slightly constrained by the potential for more pressure from more entrants into the market….
India extends the four-month duty-free import period for yellow peas
The federal government authorized duty-free imports of yellow peas in early December with a target date of March 2024; this was later extended to April and finally June. It was a component of New Delhi’s involvement to lower the pulse basket’s overall pricing. The 50% tariff on yellow peas reportedly went into effect for the…
Natural Gas Increased Due To Expectations Of Increased Demand In The Next Two Weeks
Due to expectations of increased demand over the next two weeks, natural gas saw a 4.02% increase in price yesterday, finishing at 186.3. The primary cause of this increase in demand was the increased feed gas to LNG export facilities, particularly with the reopening of Freeport LNG in Texas. A persistent drop in output has…