With the lowering of prices and the emergence of some hopeful signs for rural demand in the March quarter, FMCG volume growth turned positive once again. FMCG firms reported that the fourth quarter showed some initial signs of recovery after commodity headwinds had a negative influence on demand during the first nine months of the…
Jeera (cumin) prices reached a new high of 48,420 rupees per quintal on NCDEX on Monday due to strong export demand and low supply. Before declining to 46,560 during the day, NCDEX jeera May futures reached a fresh high of 48,420. With gains of more than 3.4% on Monday, the seed spice led all gainers…
Steel rebar futures have been approved for release by SEBI on MCX, the nation’s biggest commodity exchange. The exchange stated that the launch date for the contracts would be disclosed separately. The trading unit will have a base value of one tonne and be 5 tonnes. The tick size will be $10 per tonne, and…
On Monday, the rupee lost some of its early gains and fell 2 paise to close at 81.80 (provisional) against the U.S. dollar, following a rise in crude oil prices. The gains from a weak American dollar and strong domestic equities were offset by a rise in crude oil prices, according to forex traders, who…
On poor demand and improving daily arrivals, castor seed yesterday decreased by -0.84% to 6024. The export of castor oil fell 14% year over year to 490 thousand tonnes between April 22 and January 23. The production of castor seeds in India is anticipated to rise by 15% to 19.46 lakh tonnes in 2022–2023. Markets…
Early Asian trading on Monday saw a tiny increase in oil prices as concerns about a U.S. recession that had caused prices to fall for three weeks in a row for the first time since November started to fade. Brent crude prices were up 6 cents at $75.36 per barrel. West Texas Intermediate (WTI) oil…
Major producers of edible oils, including Adani Wilmar and Emami, have started lowering the cost of their most popular products as a way of passing on the benefits of the decline in prices elsewhere to customers. At a meeting with business organisations last week, the food ministry pushed producers to lower costs. The maximum retail…
The price of gold is trading unchanged on Friday, while the price of silver is up 0.23%. Gold June futures were selling at Rs 61,469 per 10 grams on the Multi Commodity Exchange, down Rs 24 or 0.04%. On the MCX, silver May futures were trading at Rs 78,220 per kilogram, up Rs 182. Globally,…
Following the weakness of the U.S. dollar in the international market, the rupee nudged up 2 paise to close at 81.78 (provisional) against the U.S. dollar on Thursday. Significant inflows of foreign capital, according to forex traders, as well as crude oil prices trading below USD 75 per barrel, strengthened the local currency. The local…
After the U.S. Federal Reserve raised interest rates and investors became concerned about a slowing global economy that could reduce energy demand, oil prices fell more than 1% on Thursday, compounding recent steep losses. Brent futures had decreased by 76 cents, or 1.1%, to $71.57 per barrel. On Wednesday, the global benchmark recorded its lowest…
