Amid ongoing concerns about a stock shortage, Jeera rises on low-level buying
Jeera prices rose by 0.29% to ₹22,290 due to low-level buying and concerns over stock shortages. Despite low demand, existing export business is met by available stocks. Farmers have approximately 20 lakh bags of cumin, with only 3-4 lakh bags expected to be traded by season’s end. However, the upside is somewhat capped due to…
The government permits one metric ton of sugar exports.
Following a review of local supply, the government approved the export of one million tonnes (MT) of sugar on Monday for the current 2024–25 (October–September) season. The sweetener’s exports had been prohibited since the previous season. A notification from the food ministry states that “export quotas of 1 MT have been pro-rated among those sugar…
The Tata Group surpasses the $30 billion milestone and becomes the most valuable brand in India.
The Tata Group is once again leading Indian companies’ ascent on the international scene. According to Brand Finance’s 2025 Global 500 report, the company’s brand worth increased by 10% to $31.6 billion, making it the first Indian brand to reach the $30 billion mark. This comes after it was named India’s most valuable brand for…
Cumin prices rise on low procurement
Yesterday, the market price of cumin closed at ₹22,290, up 0.29% on subdued demand and shortage of stocks. Despite the low demand, there is sufficient stock to meet the current export demand. Farmers have around 20 lakh bags of cumin, of which only 3-4 lakh bags are expected to be traded by the end of…
India’s exports of petroleum products increased by 2% between April and December.
According to data from the Petroleum Planning and Analysis Cell, India’s petroleum product exports increased slightly by 1.5% to 47.5 million tonnes between April and December, from 46.8 million tonnes during the same period. Motor spirit, pet coke, and fuel oil shipments were the main drivers of the increase in exports. However, shipments of petroleum…
World Wheat Prices Are Under Pressure Due to Record Production and Limited Supply
Global wheat prices are expected to face downward pressure in 2025 due to record production, despite tightening supplies providing short-term support. CBOT wheat price forecasts have been revised downward to an annual average of $5.80 per bushel, citing ample US stocks and bearish market sentiment. Global wheat production is expected to reach a record 793.2…
Gold prices fall on President’s new policy changes
Gold prices fell 0.26% to ₹79,023 as markets anticipated a change in policy ahead of the new Fed interest rate announcement. However, losses were somewhat limited by better-than-expected US inflation figures, which fuelled hopes for a repeat Federal Reserve rate cut. The US manufacturing sector showed strength, with output rising 0.6% in December, beating market…
FPIs withdraw Rs 44,396 cr from stocks in January due to a poor outlook for results and a strengthening currency.
The strength of the currency, rising US bond yields, and prospects of a dismal earnings season have caused foreign investors to withdraw Rs 44,396 crore from Indian stocks this month. According to data from the depositories, this followed an investment of Rs 15,446 crore in December. The change in attitude coincides with both internal and…
Aluminum prices rise as Europe bans Russian metal imports
Aluminum prices rose 1.1% to ₹252.55 on supply concerns and EU sanctions on Russian aluminum imports.Also, aluminum stocks in LME-registered warehouses have fallen 45% since May 2024, totaling just 619,375 tonnes. More than 60% of canceled warrants indicate that more aluminum could leave LME warehouses in the coming weeks, significantly reducing supply. This supply reduction…
The government’s significant action on ethanol is making waves. Here are seven stocks to monitor.
Shares of sugar companies experienced a surge on Thursday after Union Minister Nitin Gadkari announced that India is on track to reach its goal of 20% ethanol blending within the next two months. The share price of Dhampur Sugar Mills increased by as much as 8.4%, reaching an intra-day peak of Rs 156.91. EID Parry’s…
