Prices for turmeric fell by -0.83% to settle at 13,906, primarily as a result of a more favourable production outlook. In expectation of higher supplies in the upcoming months, market participants decreased their positions. Although turmeric’s export prospects have greatly improved, with a 25% increase in exports fueled by demand from both developed and emerging…
Due to profit taking after earlier increases brought on by news of a pink bollworm assault in the cotton belt of Haryana, cotton candy prices saw a minor decline of -0.49% to 60,780. The cotton sector is battling decreased production and consumption in the global outlook for 2023–24. The cotton estimates for the United States…
As the majority of the gas for these sectors comes from state-run ONGC and Oil India nomination fields, where prices are capped at $6.5 per million British thermal units (mmBtu), analysts say the recent increase in natural gas prices is unlikely to exert any significant upward pressure on domestic compressed natural gas (CNG) or piped…
Due to a strong U.S. currency and a spike in Treasury yields, gold prices on the important London spot market fell to their lowest point in six months. Demand for U.S. assets grew as investors anticipated interest rates would rise for an extended period. In spite of the weaker Indian Rupee, domestic gold prices fell…
Prices of cotton candy increased by 0.3% to close at 61080. The increase was brought on by reports of a pink bollworm infestation in Haryana’s cotton growing region. The 2023–24 Cotton outlook shows that the global cotton sector is struggling with declines in both output and consumption. The U.S. cotton predictions for 2023–2024 are for…
Due to profit-taking, crude oil prices declined 2.17% to close at 7,623 after surging due to surprise declines in crude stocks. According to U.S. government data, oil stockpiles decreased by 2.2 million barrels more than expected, highlighting supply limits brought on both Saudi Arabia and Russia’s output curbs. Particularly, oil supplies dropped by 943,000 barrels…
A pink bollworm infestation reportedly damaging the cotton belt in Haryana caused cotton prices to rise 0.63%, closing at 60900. The 2023–24 Cotton prognosis indicates that the global cotton industry is, nonetheless, struggling with decreased production and consumption. Forecasts for 2023–2024 in the United States show higher beginning stocks but decreased output, exports, and ending…
The price of U.S. oil increased by about $1 a barrel on Thursday, reaching its highest level in more than a year as concerns about OPEC+ cuts headed by Saudi Arabia adding to supply shortages throughout the world. The movement was spearheaded by U.S. West Texas Intermediate oil futures (WTI), which surpassed $95 for the…
Prices for copper fell -0.23%, ending the day at 712.25. This decline was caused by a number of causes, including the Federal Reserve’s cautious approach, anxieties about a probable government shutdown in the United States, and worry about decreased industrial demand as a result of a slowing Chinese economy. A stronger dollar and rising bond…
Prices for cotton candy stayed the same at 60520, with investor mood being affected by worries over Chinese demand. Pink bollworm infection in the Haryana cotton belt is adding to market concerns. According to the 2023–24 Cotton Outlook, the cotton sector is struggling with major declines in both output and consumption on a global scale….
