Natural gas prices fell by 4.88% to 235.9 due to strong supply and limited demand triggers. Despite hotter-than-average summer conditions, record output has kept the market well supplied. Production in the Lower 48 states averaged 108.1 billion cubic feet per day (bcfd) in August, slightly above July’s 107.9 bcfd. However, daily output briefly dipped to…
Global production trends influence India’s cotton and cotton oil market in August 2025. The country’s kharif cotton sowing is largely complete, with strong monsoon rains supporting crop growth and soil moisture. India’s dependence on global supply is evident, with imports from Australia, the U.S., Brazil, and Egypt increasing to $1.2 billion. China’s cotton production is…
Jeera futures closed 0.70% higher at 19,370, following weakness due to subdued domestic and export demand post the retail season. The downtrend was largely due to comfortable supply levels, limited foreign buying, and tepid trade activity. Farmers hold around 20 lakh bags, but only 3-4 lakh bags are expected to be traded before the season…
Zinc prices fell by 1% to 268.3, driven by rising Chinese refined zinc production and mixed demand signals. China’s refined zinc output increased by 4% YoY during January-July, while imports of zinc concentrates surged by 48%. New yuan loans contracted for the first time in two decades, while total social financing grew 9%. The U.S….
India’s cotton closing stocks are expected to rise 47% to 57.59 lakh bales for 2024-25, largely due to a surge in imports. The Cotton Association of India (CAI) predicts that imports will more than double to 39 lakh bales from last year’s 15.20 lakh bales. Domestic consumption is expected to rise to 314 lakh bales,…
India has imposed an anti-dumping duty on certain steel shipments from Vietnam, following a year-long investigation into potential threats and injury to India’s domestic steel sector. The duty targets hot-rolled flat products of alloy or non-alloy steel from the Southeast Asian nation. The ministry stated that the domestic steel industry has suffered significant injury due…
Crude oil prices fell 1.3% to ₹5,476, driven by the International Energy Agency’s forecast of a growing oil surplus this year and next. The IEA predicts inventories to rise at a record pace, reaching a 46-month high by June 2026. Despite expectations of peak US production, gains are supported by improved well efficiency. Geopolitical developments,…
The 2025/26 US wheat market is expected to see tighter supplies, lower domestic use, higher exports, and reduced ending stocks. Production is cut by 2 million bushels due to smaller harvested areas, but better yields offset this. Exports rise due to strong demand for Hard Red Winter wheat while ending stocks drop to 869 million…
Turmeric prices dropped 0.4% to 13,032, driven by increased acreage due to favorable rains during the current sowing season. Daily arrivals rose to 13,660 quintals, reflecting higher availability. Preliminary estimates suggest acreage for 2024-25 may rise 15-20% compared to last year, with 3.30 lakh hectares under cultivation. However, untimely rains may reduce productivity. New crop…
Indonesia’s palm oil exports for 2024/25 have been revised down to 22.8 MMT due to reduced demand and the B40 biodiesel mandate. However, production is expected to rise 3% to 47 MMT in 2025/26 due to improved yields. Palm oil prices surged 24% year-on-year, narrowing their competitiveness with other oils. Soybean consumption remains steady at…
