Cotton candy prices rose 0.87% to 62520, boosted by good developments in domestic and worldwide markets. The Cotton Corporation of India (CCI) reported significant cotton procurement, especially from Telangana, Andhra Pradesh, and Maharashtra, indicating strong domestic demand. Furthermore, the Cotton Association of India (CAI) raised its cotton production predictions for the current season, predicting higher…
Due to outages at Freeport LNG’s Texas facility, ample gas supplies in storage, and lower expectations for gas flows to liquefied natural gas (LNG) export plants, natural gas prices fell 1.5% to settle at 150.9. Forecasts for milder weather over the next two weeks fueled the decline. Even lower than expected demand was the news…
The main factor behind the 0.38% increase in jeera prices to 23920 was a decrease in cumin arrivals in Unjha, which was indicative of tightening supply conditions. The current rabi season has seen a four-year high in jeera acreage; nevertheless, arrivals have dropped to 35–37 thousand bags, suggesting possible supply problems. Due to record prices…
After stabilizing more than a dollar higher on forecasts of a tighter supply due to Russian output curbs and attacks on Russian refineries, oil prices were expected to rise for a second day in a row on Tuesday. Brent crude had increased 23 cents to $86.98 per barrel. Crude futures in the US increased by…
A tighter outlook for the crude markets was presented by indicators of reduced stockpiles and disruptions in fuel supply, which caused oil prices to rise in Asian trade on Monday as prospects of an Israel-Hamas ceasefire lessened. Due to growing rumors of a Gaza ceasefire for the Muslim holy month of Ramadan, crude prices dropped…
The government has been advised by the miners’ organization FIMI not to impose any export duties on low-grade iron ore, claiming that doing so would result in a large loss of state revenue, jobs, and foreign exchange profits. The Federation of Indian Mineral Industries (FIMI) made a representation to the government stating that the imposition…
Due to positive investor sentiment over potential interest rate cuts by the US central bank later this year, copper prices increased by 0.39% yesterday, closing at 763.15 rupees. The Federal Reserve decided against raising interest rates, but it did signal that it was prepared to lower rates by a minimum of 0.75 percentage points in…
Due to weak African demand, rice export prices in India dropped for a second consecutive week, while prices in Vietnam marginally improved as a result of Indonesia’s enhanced offer for supplies. Four industry officials told Reuters earlier this week that Indian traders are signing a small number of new contracts for the sale of parboiled…
The prospect of a truce in Gaza took a toll on oil prices on March 22, further dented by a stronger currency and a decline in demand for gasoline in the United States. To futures contracts, the price of Brent Crude dropped by 0.5% to $85.36 a barrel. Similarly, US oil futures dropped 0.5% to…
Due to various reasons affecting the global cotton market, cotton prices fell by 0.8% Wednesday, ending at 62040 rupees per candy. In contrast to the earlier estimate of 294.1 lakh bales, the Cotton Association of India (CAI) increased its projections for cotton production for the current season, estimating a higher production of 309.70 lakh bales….
