The mild winter weather, recent disruptions at LNG export plants, and a surge in production all contributed to the decline in natural gas prices, which closed at 151, down -1.82%. Analysts predict that due to the difficult market conditions, some producers may reduce their gas drilling operations. According to Baker Hughes, the number of gas…
Yesterday, jeera prices fell sharply by 2.5 percent, closing at 26545. This was mostly caused by increased production expectations in Gujarat and Rajasthan, two important cultivation regions. In reaction to record prices seen in the previous marketing season, farmers increased their cultivation areas, resulting in a four-year high in jeera acreage for the current rabi…
China, a major user of zinc, is experiencing a slowdown in demand and the economy, which is reflected in the current downward trend in zinc prices, as was demonstrated by yesterday’s 1.07% drop to settle at 207.6. Setbacks in the Russian zinc market, particularly the production delay at the Ozernoye mine as a result of…
The price of cotton showed tenacity during yesterday’s trading session, ending the day up 0.62% at 58680. The recent U.S. cotton balance sheet for the 2023–2024 season, which showed decreased ending stocks, increased exports, and stable output, is responsible for the upward trend. With a strong rate of shipments and sales, the export projection was…
Parliament was informed on Friday that the Central Government has disbursed Rs 15,948 crore under various schemes to various sugar mills in the last 5 years till January 31 to clear the sugarcane price arrears of the farmers. According to the Union Minister of State for Commerce and Industry, the Central Government has introduced these…
Oil prices fell in early Asian trade on Monday after Israel announced it had “ended” a series of attacks in southern Gaza. At 0135, US West Texas Intermediate crude futures were down 46 cents, or 0.6%, at $76.38 a barrel, while Brent crude was down 43 cents, or It was down 0.5% to $81.76. Prices…
Jeera fell -1.47% to settle at 27165, primarily due to increased production forecasts in important cultivating states like Gujarat and Rajasthan. There is a strong association between market prices and acreage, as seen by the four-year high in jeera acreage observed in the current rabi season. Farmers expanded cultivation in response to record prices in…
The prediction for U.S. soybeans in 2023–2024 predicts lower ending stockpiles and slower exports as a result of weak shipments and intense competition with Brazil. In comparison to earlier projections, the soybean outlook for the 2023–2024 season in the United States points to a decline in soybean exports and a rise in ending stockpiles. In…
The USDA’s weekly sales data showed that cotton candy was in strong demand, as evidenced by its 1.32% gain at 58320. In comparison to the previous week, net sales for 2023/2024 increased by 69% to 349,400 running bales, above the four-week average by 37%. Strong demand especially from China and Vietnam helped exports hit a…
The government on Thursday cut in half the maximum amount of wheat that traders, wholesalers, large retailers, and processors could store in stock while extending the restrictions until March 31, 2024, in an effort to increase wheat supplies and discourage hoarding. Up until the end of the current fiscal year, stock holding limits for wheat…
