On Friday, oil prices fluctuated as investors considered the dwindling demand prediction by a powerful organization and the unimpressive U.S. retail sales report that raised hopes for interest rate reduction in the country. At 01:31 , Brent crude futures fell 11 cents, or 0.1%, to $82.75 a barrel. At $78.04 a barrel, U.S. West Texas…
U.S. inflation statistics that sparked worries about possible delays in high-interest rate cuts caused copper to close down by -0.25% at 705.9. Interest rate reduction forecasts were recalculated by traders in response to the surprisingly high U.S. consumer price index in January. Based on the present pricing of Federal funds futures, LSEG’s rate likelihood tool…
The jeera market’s recent performance is indicative of the complex interaction between several internal and external forces. Increased acreage in important areas like Gujarat and Rajasthan is driving the bullish perspective on production, which is the main cause of the -1.55% drop in jeera prices to 25150. Farmers’ reaction to record prices during the previous…
With a peak sale of 0.48 in the weekly e-auction for bulk buyers, the government’s open market sale scheme (OMSS) of wheat from the Food Corporation of India (FCI) storage on Wednesday exceeded a record 8.48 million tonne. The wheat stock at FCI is at 11.93 , the lowest since 2016.Based on an assessment, the…
As worries about demand in the greatest economy in the world arose due to data showing that U.S. crude stocks increased significantly more than anticipated, oil prices dropped in early trade on Thursday. At 01:35 , U.S. West Texas Intermediate crude prices dropped 36 cents, or 0.5%, to $76.28 a barrel, while Brent crude futures…
Yesterday, turmeric prices edged higher by 1.06% to settle at 14898 as inflows eased in the spot market. Although the supply of turmeric has been low in recent times, its demand is expected to increase during the festive season. Another factor that increases costs is better farming conditions due to favorable weather. Also, talks have…
Early on Wednesday in Asian trading, oil prices dropped as investors reduced their expectations of a U.S. Federal Reserve interest rate cut and a U.S. industry organization reported that crude stocks increased more than anticipated last week. When the market started at 0000 Brent futures dropped 29 cents, or 0.4%, to $82.48. West Texas Intermediate…
Price declines of -0.07% were observed in cotton candy yesterday, with the main cause being profit bookings following recent advances. The cotton candy price closed at 58560. Initial price increases were caused by worries about supply dynamics and long-term cotton use. All the same, the most recent U.S. cotton balance sheet shows lower ending stocks…
A lower expectation for heating demand, near-record output, enough fuel in storage, and falling worldwide petrol prices were some of the factors that contributed to natural gas’s notable reduction of -7.48%, which eventually settled at 139.7. Low gas flows to U.S. LNG export facilities, mostly as a result of the liquefaction unit closure at Freeport…
According to a report released on Monday by the trade association Solvent Extractors’ Association of India (SEA), imports of edible oils—palm, soya bean, and sunflower—were down 23% to 3.64 million tones during the first quarter of the 2023–24 oil year (October–September) when compared to the same period the previous year. The nation imported 1.2 million…
