Mahalakshmi@fastura.com

Aluminium dropped as evidence of weak demand countered earlier supply-reduction measures

The price of aluminium fell by -0.64%, finishing at 195.1, indicating that demand was still muted in spite of earlier efforts to reduce supply. Key industries that used aluminium were negatively impacted by the global economic downturn, restrictive borrowing rates set by central banks, and the debt problem in Chinese real estate. The global downturns…

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Cotton increased as traders struggled with worries over short-term supply shortages

As traders struggled with worries about short-term supply shortages, cotton prices, depicted as Cotton Candy, finished up 0.25% at 57000. The certified cotton stocks, deliverable against the contract, have decreased from their previous peak on December 1st to 6,325 bales on December 5th, indicating a tightening supply scenario. The International Cotton Advisory Committee (ICAC) predicts…

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Jeera gains as investors are becoming more willing to purchase given the recent price decline

Jeera prices increased by 0.81% to close at 39350, propelled by buyers’ desire to purchase after a recent decrease in value. The upside, however, is expected to be constrained because of sufficient soil moisture and excellent weather for crop growth. When compared to the same period in 2022, Gujarat’s jeera seeding has grown significantly, rising…

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Cotton fell as the ICAC predicted that production would probably surpass consumption worldwide

Cotton prices, as measured by Cotton candy, fell by -0.7% to settle at 56380, primarily due to a pessimistic forecast for the world cotton market. For the second year in a row, the International Cotton Advisory Committee (ICAC) predicted that worldwide cotton production would be surplus due to production exceeding consumption. In the 2023–2024 season,…

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Natural gas fell as a result of record supply, ample storage, and low demand

With record production, abundant storage, and less demand, natural gas had a significant 5.25% decrease, ending at 223.9. Contrary to the predicted withdrawal, the U.S. gas storage system saw an unexpected 10 Bcf addition. This surprised the market, especially considering the large departure from last year’s numbers. The negative outlook was reinforced by weather predictions…

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Jeera plummeted due to suitable weather and sufficient soil moisture

A notable loss was experienced by jeera, or cumin, which dropped by -5.98% to close at 41475. The decrease is ascribed to excellent meteorological circumstances that facilitate sufficient soil moisture for agricultural sowing operations. As a result of stockists’ desire to purchase despite the recent price decline, the negative is lessened. An encouraging aspect of…

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Gains for cotton as CAI’s estimate of cotton production is reduced

Cotton candy prices saw a little increase of 0.07%, ultimately settling at 57240. This increase was mostly driven by the Cotton Association of India’s (CAI) revised downward projection of cotton production for the current 2023–2024 season. Concerns about decreased cotton output were exacerbated by the revision, which mentioned damage in Haryana caused by pink bollworm…

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