As it struggles with shortages at home, India, the world’s top consumer of ethanol made from sugar cane, is thinking about reducing its output. According to persons familiar with the situation, who wanted to remain anonymous since the talks are private, authorities are looking into a proposal to restrict the amount of sugar-cane juice used…
Wednesday’s 5 paise increase in the rupee against the US dollar to close at 83.32 (provisional) was aided by a bullish trend in local equities and steady intake of foreign funds. Forex dealers claimed that strong gains for the local currency were limited by the Reserve Bank of India (RBI) purchasing dollars and the increase…
Concerns about growing stocks at the London Metals Exchange (LME), which reached 174,900 tons a 225% rise since July caused copper to tumble 1%, ultimately ending at 713. In November, China released mixed industrial statistics that increased demand uncertainties. Up to 1% of global copper supply was impacted by First Quantum’s operations being suspended due…
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,…
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…
With record production, abundant storage, and less demand, natural gas had a significant 5.25% decrease, ending at 223.9. Contrary to the predicted withdrawal, the U.S. gas storage system saw an unexpected 10 Bcf addition. This surprised the market, especially considering the large departure from last year’s numbers. The negative outlook was reinforced by weather predictions…
A notable loss was experienced by jeera, or cumin, which dropped by -5.98% to close at 41475. The decrease is ascribed to excellent meteorological circumstances that facilitate sufficient soil moisture for agricultural sowing operations. As a result of stockists’ desire to purchase despite the recent price decline, the negative is lessened. An encouraging aspect of…
Monday’s trading session saw the main equity indices close in the green. The BSE Sensex reached 68,863.93, up 2.05%, while the NSE Nifty 50 gained 418.90 points, or 2.07%, to end at 20,686.80. To close at 46,431.40, the Bank Nifty index increased by 1617.20 points, or 3.61%. With advances led by large- and small-cap stocks,…
With mounting uncertainty regarding OPEC+ output cuts, crude oil saw a 1.97% decrease, closing at 6281. Fears of a drop in the demand for fuel were exacerbated by worries about China’s economic crisis. In response to declining oil prices and forecasts of a surplus in the upcoming year, the OPEC+ coalition decided to reduce its…
Cotton candy prices saw a little increase of 0.07%, ultimately settling at 57240. This increase was mostly driven by the Cotton Association of India’s (CAI) revised downward projection of cotton production for the current 2023–2024 season. Concerns about decreased cotton output were exacerbated by the revision, which mentioned damage in Haryana caused by pink bollworm…
