Cotton candy futures saw a -0.35% decline, closing at 56720, mostly as a result of concerns that cotton fields were being impacted by pink bollworm infestation. The infestation dropped significantly between 2017–18 (30.62%) and 2022–2023 (10.80%). From a two-year peak of 87,770 bales on December 1st, certified cotton stockpiles available for delivery against contracts fell…
The United States’ efforts to restock its Strategic Petroleum Reserve (SPR) helped drive up crude oil prices, which increased by 0.57% to close at $5969. With the intention of buying 3 million barrels of crude oil by March, the U.S. revealed plans to replenish the SPR until May. Despite worries about global economic growth and…
Short covering drove the recent price decline in jeera, which was ascribed to farmers sowing more cumin, to a slight increase of 0.48%, closing at 36,645. As opposed to 224,140 hectares during the same period last year, the most recent data shows a notable 94% increase in cumin cultivation in Gujarat, to 433,754 hectares. Additionally,…
Retail inflation in India, measured by the Consumer Price Index (CPI), likely reached a three-month high of 5.7% in November from 4.87% in October due to a spike in vegetable costs. Retail inflation stood at 5.88% in November 2022. On the other hand, the poll’s projections varied greatly, ranging from 5.30 to 6.92 percent. On…
Cotton candy, a symbol for cotton prices, closed at 57300, up 0.53%, as traders struggled with worries about short-term supply constraints. Deliverable against contracts, certified cotton stockpiles fell significantly from 87,770 bales on December 1st to 6,325 bales on December 5th, according to ICE statistics. This stock market fall increased market anxiety. 253.71 thousand tons…
Due to weaker buying activity as traders await the release of supplies ahead of the start of fresh crops in January 2024, turmeric prices closed lower by -0.77% at 14644. Better crop conditions brought on by excellent weather conditions are another factor driving pressure on the market. Despite reports of acceptable crop conditions, production losses…
The actual Gross Domestic Product (GDP) is expected to expand by 7% from 6.5% according to the Reserve Bank of India (RBI). In addition to announcing the bi-monthly monetary policy on Friday, RBI Governor Shaktikanta Das also forecast real GDP growth for the upcoming fiscal year 2024–2025. Real GDP growth is anticipated to be 7%…
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…
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…
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…
