Gold prices have continued to rise, hitting their highest since November 1 at $2,750. Global trade uncertainty and US interest rates have been driving gold prices higher day by day. From a technical perspective, a break above $2,720 indicates a positive sentiment, with a move to $2,790 expected. Gold prices rose for a third straight…
Turmeric prices in India rose by 2.32% to 14,356, despite concerns about slow rhizome growth and low yield estimates. Harvesting has started in Karnataka and Andhra Pradesh and is expected to begin in Telangana soon. Farmers are concerned about lower-than-expected yields, and supply is expected to rise. The Erode Warangal line supply has been reduced,…
Jeera prices rose by 0.29% to ₹22,290 due to low-level buying and concerns over stock shortages. Despite low demand, existing export business is met by available stocks. Farmers have approximately 20 lakh bags of cumin, with only 3-4 lakh bags expected to be traded by season’s end. However, the upside is somewhat capped due to…
Following a review of local supply, the government approved the export of one million tonnes (MT) of sugar on Monday for the current 2024–25 (October–September) season. The sweetener’s exports had been prohibited since the previous season. A notification from the food ministry states that “export quotas of 1 MT have been pro-rated among those sugar…
The Tata Group is once again leading Indian companies’ ascent on the international scene. According to Brand Finance’s 2025 Global 500 report, the company’s brand worth increased by 10% to $31.6 billion, making it the first Indian brand to reach the $30 billion mark. This comes after it was named India’s most valuable brand for…
Yesterday, the market price of cumin closed at ₹22,290, up 0.29% on subdued demand and shortage of stocks. Despite the low demand, there is sufficient stock to meet the current export demand. Farmers have around 20 lakh bags of cumin, of which only 3-4 lakh bags are expected to be traded by the end of…
According to data from the Petroleum Planning and Analysis Cell, India’s petroleum product exports increased slightly by 1.5% to 47.5 million tonnes between April and December, from 46.8 million tonnes during the same period. Motor spirit, pet coke, and fuel oil shipments were the main drivers of the increase in exports. However, shipments of petroleum…
Global wheat prices are expected to face downward pressure in 2025 due to record production, despite tightening supplies providing short-term support. CBOT wheat price forecasts have been revised downward to an annual average of $5.80 per bushel, citing ample US stocks and bearish market sentiment. Global wheat production is expected to reach a record 793.2…
Gold prices fell 0.26% to ₹79,023 as markets anticipated a change in policy ahead of the new Fed interest rate announcement. However, losses were somewhat limited by better-than-expected US inflation figures, which fuelled hopes for a repeat Federal Reserve rate cut. The US manufacturing sector showed strength, with output rising 0.6% in December, beating market…
The strength of the currency, rising US bond yields, and prospects of a dismal earnings season have caused foreign investors to withdraw Rs 44,396 crore from Indian stocks this month. According to data from the depositories, this followed an investment of Rs 15,446 crore in December. The change in attitude coincides with both internal and…
