Turmeric prices rose by 0.05% yesterday, finishing at 16544, owing to below-normal supply and strong festive demand, which kept the market positive. Lower production has resulted in much lower arrival rates than the previous year, indicating that supply is currently limited. This scarcity is projected to motivate stockists to take advantage of any price drops,…
Following the terrible earthquake in Taiwan, demand for safe haven assets surged, and uncertainty surrounding U.S. interest rates further fueled demand for gold, which helped prices of the metal rise in Asian trade on Wednesday and stay close to record highs. An earthquake in Taiwan has damaged the island’s infrastructure and main chip production facilities,…
Zinc prices rose 0.35% to close at 217.7, boosted by a large decline in Chinese smelter output and a tight supply of zinc concentrate raw material following the holiday break. This caused several enterprises to postpone the resumption of production, resulting in a modest increase in domestic refined zinc production in March 2024. Despite the…
The increase in maximum temperatures would not affect the harvest-ready wheat crop, the IMD (India Meteorological Department) stated on Monday. Extreme heat is anticipated to hit India from April to June, with the central and western peninsular regions bearing the brunt of the impact, according to the IMD Director. He stated that there is no…
Gold prices on MCX increased by 12% in FY24, from Rs 59,400 to over Rs 67,000 per 10 grams due to international crises such as Israel-Hamas war and Russia-Ukraine crisis. Gold demand reached a record high of 4,899 tonnes globally in 2023 due to central bank acquisitions and sales. The World Gold Council predicts India’s…
Natural gas prices increased by 1.45%, finishing at 146.5, on higher demand expectations for the next two weeks. This increase in demand comes against a backdrop of reduced output, with some energy companies reducing drilling activity and delaying well completions, resulting in a 3% decline in output over the last month. In addition to supply-side…
Cotton candy prices fell by 0.13% to 62000, owing to upward adjustments in production projections by important organizations such as the Cotton Association of India (CAI) and Cotton Corporation of India (CCI). CAI and CCPC upgraded their crop production forecasts for the current season, contributing to enhanced supply projections for natural fiber. Cotton Australia’s increased…
The administration had to take measures ahead of the general elections, resulting in lowered prices for LPG cylinders and motor fuel. Oil marketing corporations (OMCs) may face profitability questions due to recent price spikes, despite healthy profits in the first three quarters of FY24. Analysts predict daily fuel price modifications will resume after the elections,…
