Turmeric prices fell -0.77% to $13420, with the slow buying activity leading to stock releases prior to the arrival of the fresh crops in January 2024. Nevertheless, the possibility of yield losses from unfavourable weather limits the downward pressure. The current crop conditions are favourable, and the harvest is anticipated to take place in January…
Prices for cotton candy, which had previously been supported by variables impacting India’s cotton production, were at a halt at 57340 due to profit booking. According to projections, less planted acreage and the effects of El Nino weather will cause India’s cotton production to drop by 7.5% to 29.5 million bales in 2023–2024. According to…
Following previous support from India’s predicted 7.5% reduction in cotton production for 2023–2024, profit booking caused the cotton market to marginally decline by -0.28% to settle at 57340. This drop was caused by elements like reduced planted areas and the effects of El Nino weather. The Cotton Association of India (CAI) predicts that imports would…
Crude oil fell -1.29% to settle at 6424, mostly due to record-high output in the United States despite encouraging signs of demand from China. The petroleum output increase estimate for 2023 was revised by the U.S. Energy Information Administration to 12.9 million bpd, which is somewhat less than earlier projections. Citing unanticipated production growth in…
OPEC’s claim that market fundamentals are still strong and that financial market speculators are to blame for the recent price decrease drove crude oil prices to close slightly lower, down -0.23% at 6508. Notably, the buy came at an average cost of $77.57 per barrel. The U.S. Energy Department announced that 1.2 million barrels of…
The difficulties India’s cotton sector suffered in the 2023–2024 season are reflected in Cottoncandy’s latest price hike of 1.05% to 57500. Reduced planted area and the effects of El Nino weather on productivity are the reasons for the anticipated 7.5% drop in cotton production to 29.5 million bales. This underscores the pressure on the domestic…
The U.S. crackdown on Russian oil shipments has caused supply disruptions, which has caused oil prices to slightly rise on Tuesday. This was attributed to an OPEC report that stated market fundamentals remained solid. Brent crude futures had increased by 33 cents, or 0.4%, to $82.85 a barrel. At $78.59 a barrel, U.S. WTI crude…
A possible yield loss from bad weather caused turmeric prices to rise by 0.71% and settle at 13606. In Jan. 24, the upside was restrained by sluggish buying ahead of fresh crops. Better crop conditions and anticipation of stock releases were noted sources of pressure. January to March is when crops are expected to be…
A slight increase of 0.11% in zinc prices was recorded as a result of mounting worries about supply interruptions. These worries have been raised by reports of a fire at the Russian Ozernoye mine project and by the recent halting of mining operations. A fire is said to have occurred at the Russian mine, which…
Short covering following a price decrease caused Jeera to rise by 1.5%. Good weather and enough soil moisture will probably encourage planting and keep the sowing outlook normal. The recent price increase was caused by short-term interest from stockists, but the poor demand for Indian jeera globally was caused by competitive prices in other nations,…
