The government updated the stock holding limits for several entities on Monday and prolonged the time frame for the current stock limitations on tur and urad by two months until December 31 of this year. The Food and Consumer Affairs Ministry has decreased the stock restrictions at the depot for wholesalers and large chain shops…
As a result of greater supply offerings, prices for turmeric recently dropped by -0.39% to settle at 14378. Reports of helpful rainfall for standing crops, which increased farmer confidence, were the main factors in this decline. However, given that the cultivation of turmeric has declined in regions like Maharashtra, which has caused price trends to…
Oil prices increased on Monday as traders concentrated on a tighter supply outlook following Moscow’s temporary restriction on gasoline exports while avoiding any interest rate increases that may stifle demand. After ending the previous trading day 3 cents down, Brent crude futures increased 48 cents, or 0.5%, to $93.75 a barrel. U.S. West Texas Intermediate…
After a federal report confirmed a storage build in line with market expectations, natural gas had a sharp decline of -3.61%, settling at 218. U.S. utilities increased their gas storage by 64 billion cubic feet (bcf), closely matching the predicted 67 bcf increase, according to the EIA (U.S. Energy Information Administration). A 10-week low of…
Cotton prices, shown as “Cotton candy,” dropped significantly by -0.85%, ending the day at 60,540. This decrease is in keeping with the difficulties facing the global cotton sector, which will likely see a decline in both output and consumption throughout the forecast period of 2023–24. According to predictions, the U.S. will produce and export less…
In August, India’s imports of crude oil decreased for the third consecutive month to 18.73 million tonne (MT) as a result of maintenance work being done at its refineries and a reduction in exports from Russia. For the third consecutive month in August, India’s imports from Russia decreased, reaching a seven-month low. In August, this…
The government has decided to extend the stock holding restrictions placed on the tur and urad varieties of pulses beyond October 31 as prices continue to remain high. The department of consumer affairs reports that on Wednesday, the modal retail price of tur increased by 45% to Rs 160/kg from the price at the start…
The price of natural gas significantly increased by 4.54% to reach 237. This increase was linked to a decrease in daily gas output and an increase in gas flow to American LNG export terminals. According to data, gas production peaked in August at 102.2 billion cubic feet per day (bcfd) and then decreased in September…
Turmeric prices saw a small gain of 0.21%, closing at 15,622, spurred by increased purchasing activity associated with holiday demand. The shortage of turmeric on the market is made worse by Maharashtra’s declining turmeric production. Though supplies of turmeric are still scarce, upcoming beneficial rainfall in Maharashtra and Telangana is anticipated to boost crop growth….
The U.S. dollar lost ground on six-month highs reached last week, while gold prices rose to two-week highs on Tuesday as investors’ attention turned to the Federal Reserve’s two-day policy meeting, which gets underway later in the day. FUNDAMENTALS After reaching its highest price since September 5 earlier in the session, spot gold was stable…
