Following significant decreases in fuel supplies and a less-than-expected increase in U.S. crude inventories last week, oil prices increased little on Thursday. U.S. West Texas Intermediate crude prices increased by 18 cents to $79.31 a barrel, while Brent crude futures increased by 15 cents to $83.11 a barrel. The benchmarks gained almost 1% on Wednesday…
Reduced supply in the spot market helped drive up the price of turmeric, which increased by 1.82% to settle at 17386, The buying activity slowed down, though, and there was anticipation that inventories would be released before the start of fresh crops, which curtailed the upside. In the short run, though, positive market sentiment is…
Aluminium saw a little decrease, finishing at 201.8, down -0.12%, as a result of the restart of production and power supplies at an Inner Mongolian aluminium smelter. Concerns about supply disruptions in China and abroad were allayed when Yunnan and other locations saw an improvement in power supply, which in turn led to stable production…
Jeera acreage reached a four-year high during the current rabi season, which caused jeera prices to decrease by -0.93% and settle at 25435. Due to the previous selling season’s record prices, farmers in important producing states like Gujarat and Rajasthan increased their crops. Gujarat saw a significant 160% rise in jeera agriculture, surpassing the average…
Reduced supply in the spot market helped turmeric post a notable gain, as it closed up 3.11% at 17482. The gain, however, is expected to be constrained because buying activity has slowed and there is anticipation that supplies will be released before new plantings begin. Short-term market sentiment for turmeric is anticipated to remain strong…
Silver closed yesterday at 73467, a noteworthy increase of 1.65%, demonstrating a good performance. Expectations of a possible June rate cut propelled this upward movement, especially in light of data showing a slowdown in U.S. manufacturing activity and a drop in consumer sentiment in February. The U.S. inflation rate meeting forecasts and the deflationary trends…
Brent futures dropped 3 cents to $82.77 per barrel, while May U.S. West Texas Intermediate (WTI) dropped 11 cents to $78.63. On Monday, WTI ended the day down $1.24 at $78.74 a barrel, while Brent finished 75 cents lower at $82.80 a barrel. To maintain prices in the face of worries about the global economy…
The government has approved the shipment of 80,000 tons of broken rice to Djibouti and Guinea Bissau, and 30,000 tons of non-basmati white rice to Tanzania. The Directorate General of Foreign Trade (DGFT) has stated in a notification that the export is authorized through National Cooperative Exports Limited (NCEL). West African Guinea-Bissau is a tropical…
Natural gas prices fell by -2.55% to settle at 153.1, mostly as a result of excess supply brought on by a mild winter and record output levels. In the week that concluded on February 23, 2024, U.S. utilities removed 96 billion cubic feet of natural gas from storage, surpassing the 88 billion cubic feet that…
Considering a global supply rise predicted after July, the Southern India Mills’ Association (SIMA) advised textile mills to refrain from panic buying amid rising cotton prices. Net sales decreased by 69% in 2023/2024 compared to the previous week and 83% from the previous 4-week average, according to data released by the U.S. Department of Agriculture…
