After the market fell to its lowest point since late November due to worries about demand in China, copper prices yesterday finished up by 1.08% at 723.2 with bargain-buying bolstering the prices. The latest in a string of disappointing numbers, China’s April industrial output and retail sales growth fell short of expectations. Property investment and…
Due to strong export demand and projections of decreased supplies at the end of the current marketing year, jeera yesterday finished up 1.51% at 46610. Prices increased as concerns about the harvest grew owing to hailstorms and unseasonal rains in Rajasthan, the state that produces the majority of the food. Demand from domestic and international…
As a result of indications that crop yields in the Maharashtra region of Marathwada have decreased due to recent rain, turmeric prices yesterday closed up by 6% at $8024. Support was also noted because the farmers in Andhra Pradesh suffered significant losses due to the late rains that destroyed their turmeric crops. Due to the…
Oil prices fell on Monday as worries about fuel consumption in the top two oil consumers in the world, the United States and China, outweighed hopes for tighter supplies as a result of any OPEC+ supply cuts and a restart of U.S. purchases for reserves. Brent crude futures were down 43 cents, or 0.6%, to…
With a fourth consecutive week of closing up, natural gas is looking strong. However, for the bulls in the trade, prices have remained stagnant in the lower $2 level, scarcely moving the needle. On Friday, the front-month gas contract traded on the Henry Hub of the New York Mercantile Exchange settled at $2.266 per metric…
The Indian pulses industry has reiterated its call for the importation of yellow peas into the nation amid forecasts of a moderate El Nino, which is projected to cause decreased rainfall. At a conference held on Wednesday to review the availability and supply of pulses in the nation, the trade group India Pulses and Grains…
Crude soybean oil and crude sunflower oil are exempt from customs duty and the Agriculture Infrastructure and Development Cess for the next 50 days, with some restrictions. Crude soybean oil, whether or not it has been degummed, and crude sunflower oil, according to a notification from the Ministry, will be exempt “when imported into India,…
The future of the cashew sector is not so bright in 2023 due to a decline in worldwide demand and increased supplies. According to industry insiders, the previous year was difficult due to dropping exports, and the cashew industry anticipates that things may get worse this year as a result of a surge in the…
The price of gold is falling today, while the price of silver is down by 0.21%. Gold June futures were down Rs 146 or 0.24% to Rs 61,273 per 10 grams on the Multi Commodity Exchange. At Rs 77,290 per kg on the MCX, silver July futures were trading 166 rupees lower. According to Reuters,…
Jeera’s price increased due to strong export demand and forecasts of lower stock levels at the end of the current marketing year. Yesterday, however, prices decreased by -1.92% to 47340 as profit was booked. Prices increased as concerns about the crops grew as a result of hailstorms and unseasonal rains in Rajasthan, the main producing…
