As the Guatemalan crop floods the Gulf region at reduced rates, Indian cardamom is losing its flavour on the export market. This has made it easier for GCC nations to purchase more Guatemalan cardamom, which is now going for $5–12 a kg compared to $10–18 in India, depending on the grades. M. Dhanavandhan, a cardamom…
Steamed rice has undergone some processing in the form of steaming before being made available for sale, according to the Food Corporation of India (FCI), which has informed the Food Ministry. Exporters should be relieved after shipments of steamed rice were stopped because Customs officials believed it to be non-basmati white rice and demanded payment…
Gold prices remained at a three-week low on Thursday, under pressure from the strengthening dollar and rising Treasury yields amid concerns that the Federal Reserve will continue to raise interest rates dramatically. At the morning spot, gold was down 0.1% to $1,627.04 per ounce. Prior to this, prices dropped to $1,624.98—their lowest level since September…
Even as excessive rains continue to harm the Kharif crops in important growing regions, the government is attempting to accumulate inventories of imported pulses, primarily tur and urad, to supplement supply and prepare for potential future market interventions. For the delivery of imported tur at designated warehouses in Chennai, Nhava Sheva, Kandla, and Mundra, Nafed…
Early on Wednesday in Asian trading, oil prices increased, reversing losses from the previous session, as worries about restricted supply due to news of falling US stocks outweighed concerns about declining demand from top oil importer China. Brent crude futures were up 73 cents, or 0.8%, at $90.76 per barrel. U.S. West Texas Intermediate crude…
Gujarat’s groundnut crop area is expected to decrease by 10.52% during the Kharif season of 2022–2023, which is expected to result in a 22.18% decrease in crop size. One of the main oilseed crops during the Kharif season is groundnut. Gujarat, a well-known groundnut-growing state, is included in the “SEA Groundnut Kharif Crop Survey 2022”…
As the demand picture worsens and the global economy experiences issues as a result of rising interest rates, analysts who follow commodities predict that metal prices will likely be under pressure for the remainder of the year. A further drag on metal prices, which have been falling over the past few weeks, is China’s efforts…
The Minimum Support Price (MSP) for wheat has been set by the Central Government at Rs. 2,125 per quintal, an increase of 5.5% from the previous year. Even though the new MSP is more than the typical amount farmers earned during the height of the previous season, it is still less than the going prices….
As players avoided making significant changes ahead of a crucial U.S. inflation number that might affect the magnitude of the Federal Reserve’s next interest rate hike, gold prices were stable on Thursday in foreign markets. Spot gold was unchanged at $1,672.79 per ounce. At $1,679.80, U.S. gold futures were up 0.1%. On the Multi-Commodity Exchange…
The domestic sales of three-wheelers increased the most in September of the current fiscal year. A total of 50,626 units were sold domestically in September, up from 29,191 units in the same month the previous year, according to figures from the Society of Indian Automobile Manufacturers (SIAM). The data showed that between April and September,…
