Aluminium dropped as evidence of weak demand countered earlier supply-reduction measures

The price of aluminium fell by -0.64%, finishing at 195.1, indicating that demand was still muted in spite of earlier efforts to reduce supply. Key industries that used aluminium were negatively impacted by the global economic downturn, restrictive borrowing rates set by central banks, and the debt problem in Chinese real estate. The global downturns…

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Cotton increased as traders struggled with worries over short-term supply shortages

As traders struggled with worries about short-term supply shortages, cotton prices, depicted as Cotton Candy, finished up 0.25% at 57000. The certified cotton stocks, deliverable against the contract, have decreased from their previous peak on December 1st to 6,325 bales on December 5th, indicating a tightening supply scenario. The International Cotton Advisory Committee (ICAC) predicts…

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Jeera gains as investors are becoming more willing to purchase given the recent price decline

Jeera prices increased by 0.81% to close at 39350, propelled by buyers’ desire to purchase after a recent decrease in value. The upside, however, is expected to be constrained because of sufficient soil moisture and excellent weather for crop growth. When compared to the same period in 2022, Gujarat’s jeera seeding has grown significantly, rising…

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Cotton fell as the ICAC predicted that production would probably surpass consumption worldwide

Cotton prices, as measured by Cotton candy, fell by -0.7% to settle at 56380, primarily due to a pessimistic forecast for the world cotton market. For the second year in a row, the International Cotton Advisory Committee (ICAC) predicted that worldwide cotton production would be surplus due to production exceeding consumption. In the 2023–2024 season,…

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November’s unemployment rate declines as the agricultural sector creates more jobs in rural areas.

Based on a drop in unemployment in rural areas during the rabi-sowing season, India’s total jobless rate in November dropped to 9.16% from a 29-month high of 10.05% in October, according to data from the Centre for Monitoring Indian Economy (CMIE). While the urban jobless rate increased to 9.39% from 8.44% in November, the rural…

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