Jeera prices rose 0.4% Wednesday, finishing at 22345, led by global customers preferring Indian jeera amid tighter worldwide supply. However, the upside was limited due to concerns about rising arrivals, with daily shipments of 10,000 to 12,000 bags in Rajkot Mandi exceeding demand levels. New arrivals in Gujarat and Rajasthan have increased, raising hopes of…
Yesterday’s natural gas price decrease of -0.07% to 146.8 was somewhat expected given the market’s ongoing struggles with a substantial surplus. However, expectations of milder weather for the coming week meant that demand for the commodity would likely increase, so the downside was limited. Prices were also somewhat supported by increased gas flow to LNG…
Amid mounting optimism that the Iran-Israel crisis won’t develop, oil prices dropped in Asian trade on Monday, consolidating losses from the previous week. Crude prices had also suffered sharp declines over the previous week due to concerns about a slowdown in demand and the bad state of the global economy, which somewhat countered rising tensions…
With a tighter cash-to-three-month discount of $1.23 per ton, a notable change from last Friday’s discount of $45.94 aluminum prices spiked by 1.04% yesterday, closing at 237.3. The decrease in LME aluminium stockpiles, which fell to 513,850 tons the lowest level since December 2023 due to recent withdrawals from Taiwan, Malaysia, and South Korea, was…
Copper settled at 838.3 with a 1.02% increase yesterday. The increase was due to growing demand and supply concerns, which led to lower output commitments by Chinese copper smelters. This decline in activity levels was caused by the continuous problem of poor copper ore availability. Additionally, smelting fees have dropped to multi-year lows due to…
Prices for cotton candy saw a little decrease of -0.03% yesterday, ending at 57580. This was mostly due to expectations of higher agricultural harvests, especially in nations like Australia. With the growth in cotton-producing areas, production, consumption, and commerce, the International Cotton Advisory Committee (ICAC) predicted a favorable cotton season for 2024–2025. Specifically, the ICAC…
Jeera prices increased by 1.62% due to high demand worldwide. However, the market arrivals are growing, which is putting pressure on the upward potential. Enhanced sowing areas and favorable weather have contributed to increased cumin production in India’s main producing regions. Cumin production in Gujarat is predicted to hit a record high of 4.08 lakh…
Yesterday, jeera prices rose by 1.08% to settle at 21900, propelled by buyers’ preference for Indian jeera in the face of limited worldwide supply. The upside was, however, limited because of worries about rising market arrivals; in Rajkot Mandi, daily shipments of 10,000 to 12,000 bags exceed demand. Pressure on the market has increased as…
India, the third-largest oil importer in the world, imported the same amount of crude oil as in the previous fiscal year, 2023–2024, which concluded on March 31. However, because of record-high imports of cheaper Russian crude and declining oil prices, India’s import bill decreased by over 16%. According to data from the Petroleum Planning and…
India’s physical investment in silver fell by 38% in 2023, leading to a 63% decrease in silver imports to a two-year low of 111.7 million ounces. Futures turnover increased by 13% and options trading increased by over five times. Physical investment decreased to 49.3 million ounces due to profit-taking. India’s physical investment was threatened by…
