Oil prices rose in Asian trade on Thursday, recovering some ground after several days of bruising losses as industrial data showed that US inventories marked an unexpected balance last week. Brent oil futures for December delivery were up 0.6% at $74.67 a barrel, while West Texas Intermediate crude futures were up 0.6% at $70.27 a…
Jeera prices dropped by 1.7% to 25,500 due to expectations of higher production this season. However, the downside was limited due to strong domestic and export demand, tight global supplies, and farmers holding back stocks. Gujarat and Rajasthan saw increased sowing areas, leading to a 30% higher production forecast. China’s cumin production surged to over…
Oil prices rose slightly in Asian trade on Wednesday, steady after posting bruising losses last week as less severe increases in the Middle East and weaker demand weighed. Oil prices fell more than 4% after Israel said in a statement it would not attack Iran’s oil and nuclear facilities. Brent oil futures for December were…
The introduction of cotton seed wash oil futures was announced by the top commodities exchange, MCX, on Tuesday. According to a statement from MCX, each contract will have a trading unit of five tonnes, with a base value quoted in rupees per ten kilograms at Ex-Tank Kadi, Gujarat. Participants have inexpensive access to hedging because…
Gold prices edged lower in Asian trade on Tuesday. Industrial metals also retreated, with copper facing lingering pressure from concerns over top importer China after Beijing gave neutral hints to plans for more stimulus. Positive copper import data did little to offset this trend. Broad metal prices were also largely negative and were nursing losses…
Cotton Candy prices rose by 0.09% to 57,000 due to the USDA’s reduction in India’s cotton production forecast for the 2024-25 season to 30.72 million bales due to crop damage and pest issues. Ending stocks are expected to drop to 12.38 million bales. Acreage under cotton is down by about 9%, but higher yields from…
Oil prices fell more than $1 a barrel, down more than 1.5% in early trade on Monday, as deflation worries in China weighed on oil prices. Brent crude futures were down $1.26, or 1.59%, at $77.78 a barrel, and U.S. West Texas Intermediate crude futures were down $1.20, or 1.59%, at $74.36 a barrel. The…
India’s palm oil imports fell by over 33% in September, reaching a six-month low of 527,314 metric tons. This was primarily due to rising domestic stocks and a rally in Malaysian palm oil prices, which discouraged buyers from importing large volumes. The Solvent Extractors’ Association of India (SEA) reported a decline in overall vegetable oil…
Oil prices edged lower in early Asian trade on Friday as stronger-than-expected U.S. inflation data stoked some doubts about how much interest rates will fall in the coming months. Brent oil futures for December were down 0.5% at $78.98 a barrel, while West Texas Intermediate crude futures were down 0.4% at $74.79 a barrel. Although…
Cotton candy prices rose by 0.11% at 56,810, driven by the USDA’s revision of India’s cotton production forecast for the 2024-25 season to 30.72 million bales, down from previous estimates due to crop damage and pest issues. However, the upside movement remains limited due to moderate demand and weak export activity, especially in key markets…
