Cotton candy prices saw pressure from lower global consumption predictions for the 2023–2024 season, but they ended the day up 0.76% at 55,660 thanks to low-level buying. Turkey, Pakistan, India, Indonesia, and Uzbekistan are expected to have lower consumption expectations, which accounts for the predicted drop of 1.3 million bales. Nevertheless, a rise in global…
At Unjha (Gujarat), the center of the trade, the average mandi prices of cumin seeds (jeera) have dropped by 50%, from Rs 600/kg in October to Rs 300/kg. According to traders, the dip was caused by expectations of a record crop. much though jeera is starting to arrive in the mandis, the peak of arrivals…
The government anticipates a strong rabi crop this year, with yields reaching an all-time high of 114 million tones, despite worries about wheat inventories falling to a seven-year low. This allays worries that a grain scarcity might drive up retail costs. Wheat prices have been high for over a year, although they have somewhat decreased…
Amidst growing speculation that the Federal Reserve will maintain higher interest rates for an extended period, gold prices declined during Asian trading on Monday. Nevertheless, the yellow metal managed to remain above crucial levels due to safe-haven demand and short-term dollar weakness. In January, traders unwound bets that the Fed would start lowering interest rates…
In order to guarantee sufficient supply of molasses for regional ethanol manufacturers, the government on Tuesday declared a 50% export charge on the commodity. Additionally, the import duties on edible oils were prolonged by an additional year. The current import levy on refined and crude edible oils, such as sunflower, soy, and palm, has been…
In keeping with the government’s goal of tripling the amount of green energy capacity to 500 GW by 2030, the renewable energy industry might benefit from the impending interim budget. Following their meetings with government officials, business leaders expressed optimism about more funding, especially for renewable energy sources including wind, solar, and bioenergy. They also…
For the week ending January 12, India’s foreign exchange reserves increased by USD 1.634 billion to USD 618.937 billion, the Reserve Bank of India (RBI) reported on Friday. The total reserves have dropped to USD 617.3 billion from USD 5.89 billion during the previous reporting week. In October 2021, the nation’s forex reserves hit an…
The Centre for Agricultural and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore, funded by the TNIAM Project, predicts that prices for sesame will likely move north, but they could also fluctuate depending on the monsoon and arrivals from other major producing States. The oilseed prices that dominated the Sivagiri Regulated Market in the Erode…
The agriculture minister, predicts that the nation will produce a significant amount of wheat this year due to increased coverage. The principal rabi (winter) crop, wheat, was sown in October and is already fully grown. The top three states with the most area covered by wheat are Uttar Pradesh, Madhya Pradesh, and Punjab. “As per…
As the market is generally seen to be done dropping from here, cotton prices have been stable over the past month, which has helped to improve demand from spinning mills, dealers, and international trading houses. “A significant decrease in pricing from this point on is improbable. Buying by mills is partly due to this reason….
