In spite of unfavorable weather in Rajasthan, the main growing region for cumin, and some areas of Gujarat, prices for jeera (cumin seed) have resumed their ascent after a brief hiatus. Concerns have been raised about the crop status as a result of recent unseasonal rains that have fallen in the jeera-growing regions of southern…
The crop quality has been negatively impacted by unseasonal rainfall and hailstorms in major wheat-producing states, but the output is not expected to be reduced, according to experts and dealers. According to S Pramod Kumar, CEO of Sunil Agro, the rains dulled the new crop, but there was no appreciable reduction in output. He claimed…
The windfall duty on domestically produced crude oil has been eliminated by the Finance Ministry, while it has been decreased for diesel. The new levy went into effect on April 4. Despite the fact that the tax has been decreased due to a drop in prices over the past month, this week’s output cuts by…
The stage has been prepared for other producers to compete for markets in Asia following an unexpected reduction in oil supply from OPEC+. Since the Organization of Petroleum Exporting Countries began actively controlling supplies in 2017, member states have given flows to Asia preferential treatment at the expense of nations like the U.S. China and…
The growers of cardamom have renewed hopes for a healthy crop in the upcoming season, which is anticipated to begin around the third week of July. In several manufacturing zones, summer showers have so far been about average. A lot will depend on the premonsoon showers in April and May. Farmers were unable to benefit…
The unexpected declaration by OPEC+ to further reduce output in an effort to sustain market stability caused an increase in oil prices of approximately $5 per barrel on Monday. In the opening, Brent crude reached its highest price in almost a month, trading at $84.95 a barrel, up $5.06 or 6.3%. With a price of…
India’s exports of coffee reached a new high of $1.126 billion for the fiscal year that ends in March 2023 due to a rise in worldwide prices. The exports exceeded the Commerce Ministry’s fixed target of $1.088 billion, up by approximately a tenth in dollar value terms from the previous year’s $1.027 billion. In fact,…
Consumer Affairs Secretary Rohit Kumar Singh issued a directive to retailers on Friday warning them against maintaining a “unreasonable level” of profit margin on pulses, particularly tur dal. This was done out of concern over the rising price of tur dal. The secretary of the Retailers Association of India (RAI) instructed the main organized retailers…
Yesterday, Jeera prices increased as poor weather conditions hindered supply from the key producing areas, and they eventually decreased by -1.05% to end at 35430 on profit taking. This year, jeera production is down, demand for exports is up, and there is a shortage in stocks. Gujarat has seen an increase in cumin harvests over…
Gold prices were unchanged on Friday, maintaining their proximity to the important $2,000 mark following wild swings this week, but safe-haven demand in the face of a potential banking crisis has left the yellow metal on track for a significant increase this quarter. Prior to staging a rebound on Thursday, when higher-than-expected U.S. jobless claims…
