The government’s announcement on February 22 that the fair and remunerative price (FRP) of sugarcane will increase to Rs 340 a quintal from Rs 315 for the 2024–25 season caused sugar stockpiles to turn sour and trade negatively. This pricing is around 8% more than what it will be for the sugar season of 2023–2024….
Chesapeake Energy announced a cut in its 2024 gas production estimates in response to the recent drop in gas prices to a 3.5-year low, which caused natural gas to see a significant jump, finishing up 11.84% at 147.4. This action by Chesapeake is part of a larger trend, as other gas producers like Antero Resources,…
The turmeric market had a minor decrease, ending at 15434, down -0.89%. This was primarily due to a decrease in buying activity as people awaited stock releases before the start of fresh crops. Even yet, the downside was constrained by fewer supplies in the spot market, which were reinforced by postponed new crop harvesting and…
On Thursday, oil prices marginally increased, U.S. West Texas Intermediate crude futures (WTI) increased by 17 cents to $78.08 per barrel. By 0150, the May contract was up 14 cents to $77.45 per barrel. The April delivery of Brent oil saw a 14-cent increase to $83.17 per barrel, while the May contract saw a 13-cent…
NEW DELHI (Reuters) -Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. interest rates will take longer than thought. Brent crude futures increased 24 cents or 0.3% to $82.58 a barrel by 0721 while U.S. West Texas…
Industry officials predicted that favorable weather in major producing states and an increase in planted area would cause India’s output of mustard and rapeseed to soar to new heights in 2024. Increased production of rapeseed will assist the largest importer of vegetable oils in the world in reducing the amount of costly imports of soy,…
With traders evaluating demand forecasts in China, the largest consumer, after the Lunar New Year break, zinc saw a loss of -1.71%, closing at 212.05. Reviving the housing market and stimulating loan demand are the overarching goals of China’s attempt to lower the benchmark reference rate for mortgages. Zinc concentrate production is planned to commence…
The market’s recent performance for jeera has been marked by a notable recovery, with prices rising by 5.71% to close at 27215, mostly as a result of short-covering activity after a prior decline ascribed to improved production prospects in important cultivating regions like Gujarat and Rajasthan. The amount of land cultivated for jeera has increased…
Due to worries about supply and long-term cotton usage, cotton candy prices closed 0.3% higher at 60080. The 2023–2024 U.S. cotton balance sheet showed stable production but decreased ending stocks, increased exports, and decreased mill use. With the export projection increased to 12.3 million bales, ending stockpiles were anticipated to have disappeared by 20%, or…
Due mostly to lower supply on the spot market, turmeric had a 1.26% increase, closing at 15382. The advantage is, however, limited because purchasing activity has slowed down in anticipation of stock releases before to the start of fresh crop production. In the near future, it is anticipated that the tighter ending stockpiles and delayed…
