Crude Oil Increased Because U.S. Inventories Were Drawn More Than Anticipated

A combination of factors boosting market optimism caused crude oil prices to close 0.28% higher at 6399. The market was infused with liquidity and hopes of an economic revival were reinforced by China’s recent stimulus announcements, especially the lowering of the reserve requirement for banks. One of the main factors driving the rising demand for…

Read More

Domestic feed and food sectors’ consumption of soy in October–December decreased

During the first three months of the oil year 2023–24, beginning in October, soya bean offtake by the domestic feed and food sector has been slow. The feed sector consumed 18.5 lakh tones (lt) during the October–December period, according to the most recent figures provided by the Soybean Processors Association of India (SOPA). This is…

Read More

Cotton Gains Despite Increased Foreign Prices, Supported By A Decline In Unsold Inventory

The price of cotton candy saw a decrease of -0.66%, ending at 57620. This was driven by an increase in prices abroad as a result of a reduction in unsold inventory and a depreciating US dollar. For the 2023–2024 season, the world cotton market experienced revisions to its consumption forecasts. India, Indonesia, Pakistan, Uzbekistan, and…

Read More