The minimum export price (MEP) for all agricultural products is “strictly” not planned, the administration announced on Friday. Department of Commerce’s Additional Secretary, stated that the government has no plans to investigate the export of any agricultural products. Just to be clear, the government does not intend to assess all agricultural products from an export…
Due to profit-taking after recent advances, cotton candy saw a small decrease of -0.32%, ultimately finishing at 56240. In order to influence market dynamics, the Cotton Association of India (CAI) kept its pressing forecast for the 2023–24 season at 294.10 lakh bales. The President of CAI said that opening inventories, imports, and market arrivals were…
Prices for jeera (cumin) saw a notable drop of -5.99% to close at 31695, which was ascribed to promising production prospects in Gujarat and Rajasthan. The growth in Jeera seeding, especially in Gujarat, was notable as it jumped by 102% to 544,099.00 hectares. Cumin cultivation increased by 13% in Rajasthan to 6.32 lakh hectares. The…
The price of cotton, depicted as cotton candy, increased slightly by 0.07% to settle at 56420. Based on information from trade sources and state associations that cultivate cotton, the Cotton Association of India (CAI) kept its pressing estimate for the 2023–24 season at 294.10 lakh bales. With market arrivals, imports, and opening stockpiles included, the…
Copper prices increased by 0.91% to close at 739.3, supported by strong demand and mounting worries over supply interruptions. The optimism was bolstered by industrial profit improvements in China, the world’s largest metals user, as well as hopes of Chinese economic policy support amidst concerns about supply interruptions owing to Red Sea shipping restrictions. The…
While record output and mild weather have affected storage demand, natural gas prices increased by 0.24% to close at 207.5. Expectations of colder weather in January and higher demand for heating contributed to the price reduction. The surplus was mostly due to record gas flows to U.S. LNG export facilities. High output and abundant storage…
The prices of jeera had a significant decrease of -5.96%, ultimately reaching 35865. This fall was mainly ascribed to increased production opportunities in Gujarat and Rajasthan. In the short run, it is anticipated that the vigorous Jeera seeding operations in Gujarat and the slow exports will put downward pressure on pricing. Gujarat saw a notable…
As tensions in the Middle East increased as a result of Houthi attacks on ships in the Red Sea, crude oil prices increased by 0.47% to close at 6163. Concerns over possible interruptions to oil supplies were raised by the circumstances. But Angola’s move to leave OPEC raised doubts about the organization’s capacity to sustain…
The Cotton Association of India (CAI) maintained its pressing forecast for the 2023–24 season at 294.10 lakh bales weighing 170 kg apiece, which helped lift the cotton prices, which were represented by Cotton candy, to close up 0.75% at 56,120. Atul S. Ganatra, President of c, stated that opening stocks, imports, and market arrivals combined…
A government directive released on Friday states that the reduced import tariff regime on edible oils, such as refined sunflower oil and refined soybean oil, has been extended by the central government until March 25 in an effort to control food inflation. The Finance Ministry officially announced that the lower tariff, which was originally scheduled…
