Turmeric prices rose by 1.05% to 13,280 due to lower-than-expected arrivals and strong buying interest. Positive export trends supported the price increase, with shipments reaching a four-year high. However, untimely rains impacting yields in the Nanded region have affected production, with an expected 10-15% decline in productivity. From April to December 2024, turmeric exports surged…
The Indian government has made it mandatory for the wheat industry and trade to declare their weekly stock position on a portal starting April 1. The existing stock limit on wheat will expire on March 31, 2025. The Department of Consumer Affairs stated that traders, wholesalers, retailers, big chain retailers, and processors must declare their…
India’s oilseed sector is experiencing significant changes due to production estimates, trade dynamics, and global policies. The government predicts a record soybean output of 15.1 million tonnes for 2024-25, while industry estimates are lower at 12.6 million tonnes due to reduced sowing. The government has increased MSP procurement under the Price Support Scheme to stabilize…
Gold prices rose 0.32% to ₹87,554 on the back of continued uncertainty over US tariffs and their potential to dampen global economic growth. Also, Hong Kong’s gold imports from China rose 7.5% to 14.851 metric tonnes in February from 13.816 tonnes in January, indicating steady demand from the world’s largest gold consumer. The Fed kept…
A stronger US dollar, which touched its highest level since March 4 at 104.3, led gold prices to fall 0.57% to settle at ₹87,278, its lowest since March 4. Traders priced in a rate cut of about 63 basis points for 2024 after the Federal Reserve’s stance on deferring interest rate hikes due to economic…
India recorded a record rice production in the 2024-25 crop year, with kharif rice output reaching 1,206.79 lakh tonnes and rabi rice at 157.58 lakh tonnes. This marks a sharp increase in kharif rice by 74.20 lakh tonnes compared to the previous year. The government procured 75.80 million tonnes of paddy, bolstering domestic stocks and…
Turmeric prices rose by 2.45% to ₹13,394, driven by lower-than-expected arrivals and strong buying interest. Export performance was positive, with shipments reaching a four-year high. From April to December 2024, turmeric exports rose 13%, reaching 1,36,921 tonnes. December saw a 46.94% YoY surge, reflecting global demand. However, new crop yields are projected to be 10-15%…
Record production levels and forecasts of mild weather that are expected to reduce heating demand in early April led natural gas prices to fall -0.29% to 344.2. Gas storage levels are still 8% below seasonal norms, including inventory drawdowns due to severe cold in January. According to LSEG figures, average gas production in the Lower…
Aluminium prices fell -0.34% to ₹261.55, largely due to improved raw material availability. This helped ease supply shortages caused by disruptions in the previous year. China’s record production of 44 million tonnes in 2024 was curbed, with exports from China falling after tax incentives were removed, with more aluminium being sent to domestic markets and…
Following the record high, gold prices eased 0.14% to close at ₹88,602 on profit booking. With two rate cuts expected in 2025, the US Federal Reserve decided to keep interest rates unchanged at 4.25–4.5%. At the same time, economic growth has slowed and inflation is rising. China’s official gold reserves rose to 2,290 tonnes, or…
