Turmeric prices rose by 1.2% to 14,000 due to increased acreage during the current sowing season. Monsoon conditions are encouraging farmers to expand turmeric cultivation, with an estimated 3.30 lakh hectares for the 2024-25 season. However, untimely rains and crop rot issues may reduce yields by 10-15%. Market arrivals remain steady, with 13,660 quintals reported,…
Natural gas prices fell by 3.34% to 300.9 due to rising output, strong inventory builds, and reduced LNG exports. Despite hotter-than-usual temperatures in the U.S., production in the Lower 48 states averaged 105.5 billion cubic feet per day (bcfd) in June, slightly higher than in May. The key weight on prices is the growing storage…
Jeera prices have rebounded by 1.9% to 19,610 per quintal, driven by short covering after weak post-retail season demand. Traders reported subdued momentum in both domestic and export markets, with foreign buyers remaining largely inactive. Market sentiment remains cautious due to ample supplies and sluggish export activity. Farmers hold around 20 lakh bags, with only…
Gold prices were mostly unchanged in Asian markets on Thursday. Low interest rates provided some support to a weaker US dollar after the president criticized the Federal Reserve chairman. Earlier this week, gold prices fell sharply due to the ongoing ceasefire between Israel and Iran. The peace deal has dampened demand for safe-haven assets like…
Cottoncandy prices rose by 0.55% to 53,500, despite an upward revision in India’s cotton production estimate. The Cotton Association of India (CAI) revised the production forecast slightly higher to 291.35 lakh bales, primarily due to improved yields in Odisha. However, 8 lakh bales lowered consumption estimates to 307 lakh bales, and exports were revised down…
Gold prices fell 2.38% to ₹97,023 as investors questioned how long the ceasefire between Iran and Israel would last. Fresh reports of missile strikes and military action have re-ignited concerns, leading to uncertainty over the ceasefire. Another reason for the decline was that the US Federal Reserve chairman said in a speech that while inflation…
Turmeric prices edged up 0.87% to ₹14,388, recovering slightly after earlier declines. The small increase was due to traders buying back previously sold turmeric (known as short covering). However, demand for turmeric in India and other countries remains weak, which was responsible for the earlier price fall. The quantity of turmeric entering the markets increased…
India’s coffee exports have grown by 125% in the last 11 years, from $800 million in 2014–15 to $1.8 billion in 2023–24. In 2022–23 alone, exports were $1.14 billion. This growth has been mainly due to the efforts of the Coffee Board of India. Europe is the largest buyer of Indian coffee, with countries like…
Copper prices are down 0.18% to 878.3. Investors are a little scared due to the conflict between Israel and Iran and the unclear supply-demand situation. However, prices are somewhat stable due to the low availability of copper worldwide. LME (London Metal Exchange) copper stocks are at 107,350 tons. This is 60% lower than in March…
Gold prices fell 0.21% as investors sold gold and covered losses in other investments as the Israel-Iran conflict intensified. The US has said that it may cut interest rates twice, even if it keeps them unchanged. The US President pressed for a deeper cut. In a survey by the ‘World Gold Council’, 95% of central…
