Robusta coffee bean prices in India have soared to an all-time high of Rs 10,080 per 50 kg bag, bringing relief to coffee growers who mainly cultivate it due to lower input costs compared to Arabica. These growers have faced challenges such as erratic rainfall, crop damage by wild animals, and rising input and labor…
Zinc prices saw a small increase of 0.33% yesterday, closing at 243.5, driven by increased optimism in the world manufacturing sector amid signs that the manufacturing downturn may have peaked. The U.S. inflation statistics exceeded estimates for March, which delayed the expected date of a first-rate decrease from June to September, further supporting this optimistic…
Prices for cotton candy decreased significantly by -1.86% yesterday, leveling at 60,120. The main causes of this reduction were the reduced demand worldwide and the expectation of a better harvest in nations such as Australia. For the upcoming season, 2024–2025, the International Cotton Advisory Committee (ICAC) predicted gains in cotton-producing areas, production, consumption, and trade….
Private purchase of wheat in Punjab is expected to rise this marketing season due to depletion of stocks.”Private traders are expected to purchase 0.8-1 MT this season, up from 0.45 MT last year.” Private traders procured 0.6 MT of wheat from farmers in the 2022-23 rabi marketing season in Punjab, which used to be avoided…
Turmeric prices fell by 1.73% yesterday, settling at 17062. The drop was caused by predictions of new arrivals from the Marathwada region in Maharashtra, but this was mitigated by below-average supply and strong festive demand. Although there were more arrivals in Nizamabad and Erode this week than the week before, it is anticipated that turmeric…
In yesterday’s trading session, aluminium prices saw a slight decrease of -0.2%, ultimately finishing at 223.3. This dip was ascribed to profit bookings after recent increases, which were especially reinforced by higher premiums in Japan. Stronger-than-expected economic statistics out of China also helped the market, allaying worries about declining demand from the largest consumer in…
Crude oil prices fell by 1.07% due to reduced Middle East tensions. Azerbaijan’s oil output in March increased to 481,000 barrels per day, but still falls short of the nation’s 2024 OPEC+ quota. OPEC+ voluntary production reduction continues to tighten the market’s supply situation. Mexico’s Pemex plans to cut oil exports by 330k barrels per…
Jeera futures closed at 23285, up 0.69%, mostly on predictions that more arrivals would put pressure on the market. However, there was little downside as buyers worldwide continued to choose Indian jeera despite tightening global supply. Over the past few weeks, new arrivals have been reported in both Gujarat and Rajasthan, adding to the 10,000–12,000…
The International Cotton Advisory Committee’s (ICAC) forecasts for the upcoming 2024–25 season caused a minor decline in cotton prices, which looks to have been reversed by short covering. Cotton candy prices are now up 0.13% to 61660. Global cotton output, commerce, consumption, and area are all expected to rise in the next years. The market…
Silver prices surged 1.25% to 81875, overcoming rising U.S. Treasury yields fueled by positive Nonfarm Payrolls (NFP) statistics and undermining hopes of a Federal Reserve rate decrease in June. The total amount of silver ETF holdings this year has increased by 3% as a result of the significant inflows that investors have made into ETFs…
