Even though the take-in increased to 96% from 94% the previous week, the average price of wheat in the Food Corporation of India (FCI) e-auction on Wednesday remained steady, indicating that demand will stay strong till the new crop starts arriving around mid-March. Since it began selling wheat on June 28 to increase the amount…
Oil prices increased on Thursday as negotiations to resolve the Gaza conflict and broader Middle East concerns that have unsettled the market since October resumed after Israel turned down a cease-fire request from Hamas. Strong indications of fuel demand in the United States this week supported the market’s rising trend. Brent crude futures were up…
Yesterday, the price of aluminium dropped by -1.04% to settle at 199.6 due to a variety of factors affecting market sentiment. Some assistance was given by China’s attempts to calm its markets and lower its stock of metals, but advances were constrained by a strong dollar. According to the China Nonferrous Metals Industry Association (CNIA),…
In anticipation of more robust market-supporting policies from China, copper prices fell -0.84% Wednesday, closing at 715.95. The People’s Bank of China implemented measures to stimulate economic growth, including lowering the reserve requirement ratio for financial institutions and executing 100 billion yuan in 14-day reverse repos. In an effort to promote economic expansion, these steps…
Wednesday saw a slight increase in oil prices as expectations for growth in US oil output to be mostly stable through 2025 allayed concerns about an oversupply. U.S. West Texas Intermediate crude increased 41 cents, or 0.6%, to $73.72, while Brent crude futures increased 38 cents, or 0.5%, to $78.97 a barrel. On Monday, both…
Turmeric saw a -1.56% decrease, closing at 15532, due to profit booking following prior advances that were bolstered by dwindling supply on the spot market. Shorter ending stocks and a delayed new crop harvest are predicted to keep feelings upbeat in the short run. On the other hand, when buying activity slows down ahead of…
Aluminium saw a -1.04% decrease yesterday, closing at 199.6, as worries over China’s economic growth continued. Uncertainty regarding the course of the Chinese economy’s growth was increased when the official PMI data showed that industrial activity had contracted for the fourth consecutive month. Investors were let down by the absence of any convincing signs of…
The price of cotton candy, a vital product for the world’s textile sector, dropped by -0.03% to settle at 57720. Predictions for the 2023–2024 era show lower global consumption of cotton, especially in major cotton-producing countries like India, Indonesia, Pakistan, Uzbekistan, and Turkey. This reduction coincides with significant changes in the global cotton market. Higher…
Early on Tuesday, as market players evaluated U.S. Secretary of State travel to the Middle East to discuss a ceasefire offer in the region, oil prices showed minimal movement. On Monday, he met the de facto ruler of Saudi Arabia. In anticipation of an Israeli attack on Rafah, a border city where over half of…
Reimagining its worldwide IT operating model for improved resilience, scalability, and user experience, Europ Assistance, a global assistance and travel insurance firm, has chosen Tata Consultancy Services (TCS) as a strategic partner. This announcement was made on Monday. In order to align its IT ecosystem with its mission of providing services “Anytime, Anywhere” and support…
