The state-run Coal India received approval from the Union Cabinet on Thursday to make significant investments in the thermal power industry. Among these is the coal miner’s establishment of two thermal power plants, which will require a total of over Rs 21,000 crore in investments. The investments made by Coal India subsidiaries are divided up…
During the first nine months of 2023–2024, India’s oil meal exports increased by 24% thanks to a spike in soy meal exports. According to data gathered by the Solvent Extractors’ Association of India (SEA), India exported 34.96 lakh tones (lt) of oil meals between April and December of 2023–24, up from 28.16 lakh tones during…
Low-level purchasing caused cotton prices to slightly rise, settling at 55240 with a 0.25% increase. Nevertheless, given that world consumption is expected to be 1.3 million bales lower in 2023–2024 than in the previous month, global dynamics have put pressure on pricing. Key cotton-producing nations like India, Indonesia, Pakistan, Uzbekistan, and Turkey are anticipated to…
In the previous trading session, gold showed strong performance, closing at 61769. It was up 0.43%. The increase in demand for safe haven assets due to the ongoing Middle East turmoil and a weaker US dollar were the reasons for the price surge. The cautious market mood is partly due to investors attentively following remarks…
Cumin (jeera) saw a significant decrease, settling at 27645, down -1.21%, mostly due to improved production expectations in important cultivating states like Gujarat and Rajasthan. The amount of jeera acreage has increased dramatically during rabi season, hitting a four-year high. Encouraged by the previous marketing season’s record prices, farmers increased their land under cultivation, demonstrating…
Reduced production expectations, limited supply, and increased export opportunities drove a 1.92% increase in turmeric prices, which ultimately settled at 13,896. In advance of the new crops scheduled to begin in January 2024, the market saw a slowdown in buying activity as stock releases were anticipated. The overall crop condition is acceptable, with harvest anticipated…
Forecasts predicting a loss in demand and an increase in supply due to the expectation of warmer-than-normal weather in late January caused natural gas to dip significantly, falling by -4.47% to settle at 243.7. Although the extreme cold weather drove spot power and petrol prices to multi-year highs, the futures market was impacted by expectations…
Disruptions in mine-side operations were the main driver of copper’s slight rise, which saw it settle up 0.42% at 715.4. Significantly, smelters’ desperate attempts to find raw materials have resulted in a drop in copper prices in China, which might threaten the margins of Chinese companies and possibly lower their output of refined copper. Surprising…
Cotton prices held steady at 55600, indicating market stability, according to the Cotton Association of India (CAI). According to CAI, domestic cotton consumption will remain unchanged at 311 lakh bales for the 2023–24 season. The season’s pressing estimates remain at 294.10 lakh bales. The observations of the CAI are based on information provided by other…
After dropping the previous session, oil prices were mixed on Tuesday as investors balanced general economic worries against weather-related supply and demand problems in the United States and ongoing tensions in the Middle East that resulted in additional tanker diversions. At $78.20 a barrel, Brent crude futures increased by 5 cents, or roughly 0.06%. Earlier…
