Due to worries about weak milling demand amid a slowdown in yarn demand worldwide, cotton candy prices fell by 1% to close at 57700. The drawback was, however, minimal because purchasers in Bangladesh and Vietnam continued to have a high demand for India’s cotton. For the upcoming season of 2024–2025, the International Cotton Advisory Committee…
With the mandi prices of chana (gram) hovering around 35% above the minimum support price (MSP) due to a drop in output, the government may impose a stock holding limit on the pulses variety, which accounts for 50% of the country’s pulses production. Sources told FE mandi prices have witnessed a sharp spike in the…
Gold fell 0.45% to 71,256 yesterday after hawkish comments in the Federal Reserve’s most recent minutes dampened prospects of a U.S. interest rate drop. The policymakers’ heated discussion about whether the present rates are tight enough to curb inflation was evident in the minutes. Interest rate hikes in the future were discussed, even though it…
JSW Energy is considering several deals in the renewable energy sector, as financial investors are looking to sell their investments. These deals involve projects/companies with a capacity ranging from 500 MW to 3000-4000 MW. JSW Energy is accelerating its solar projects due to the changing economics, with solar panel prices dropping and solar tariffs increasing….
Jeera prices had a slight increase of 0.2%, ultimately reaching 29,390. This increase was mostly caused by a deceleration in the rate of arrivals, as farmers and stockists withheld their inventory in anticipation of higher prices. The first week of May saw a modest increase in jeera arrivals at major APMC mandis throughout India when…
The Reserve Bank of India (RBI) reported that for the week ending May 17, forex reserves increased by $4.5 billion to an all-time high of $648.7 billion. The week ending May 17 saw an increase in the rupee of 17 paise, or 0.20%. The entire Forex kitty has increased for the past three weeks running….
China’s significant increase in imports of unwrought aluminium and related products caused aluminium prices to drop by 0.68% to end at 239.85. With a remarkable 72.1% year-over-year growth in April imports to 380,000 metric tonnes, the first four months of the year saw 1.49 million tonnes of imports, an 86.6% increase over the same period…
Prices for cotton candy rose by 0.93% to settle at 56,500, fueled by strong demand from important customers like Bangladesh and Vietnam for Indian cotton. Nevertheless, the limited worldwide yarn demand coupled with a slowing milling demand restrained the upside. A stronger crop in nations like Australia may have moderated the upward trend. For the…
Nifty closed just short of the coveted 23,000 milestone as buying across all sectors, with the exception of metal and pharmaceuticals, negated the hawkish Fed minutes. The bulls were back in action on Dalal Street. Benchmark indices reached new all-time highs. Both the Sensex and the Nifty had closed with gains of 1,196.98 points and…
As farmers clung to their stocks in anticipation of future price increases, turmeric prices yesterday jumped by 3.67% to settle at 19,648. Prices are expected to be supported further by the ongoing heatwave in India, which might harm crop production and exacerbate supply shortages. With more heatwave days predicted for May than normal, the India…
