A surge in supplies from fresh harvests resulted in mentha oil’s yesterday price being unchanged at 873.8. As harvesting activities have expanded, supplies have grown in Uttar Pradesh and Bihar. With increased yield and ideal weather, production prospects have improved. Prices will also be under pressure from indications of a decline in menthol exports. The…
Due to strong demand from the domestic and foreign markets, turmeric prices yesterday finished up 3.03% at 15554. The decreased sowing acreage and smaller ending stocks are also causing farmers and stockists to hang onto their supplies in anticipation of price hikes, which is causing a supply deficit in the cash markets. During this season,…
As a result of lower arrivals due to severe rain in Gujarat and Rajasthan, jeera yesterday increased by 0.8% to 59690. To get their produce to market, farmers need help. However, it is anticipated that cumin arrivals will rise after the rains stop, which might alter market trends. Good export demand and anticipation of decreased…
After industry data revealed a significantly steeper-than-expected draw in crude oil stocks last week in the U.S., the largest fuel consumer in the world, oil prices climbed more than 1% on Wednesday, trading close to their highest level since April. While U.S. West Texas Intermediate crude increased by 84 cents, or 1.03%, to $82.21 per…
Due to strong export demand and predictions of lower stock levels at the end of the current marketing year, jeera yesterday decreased by -5.93% to 54640. Prices increased as crop worries grew as a result of Rajasthan, the state that produces the majority of the crops, experiencing unseasonal rains and hailstorms. This season, the market…
Due to strong export demand and predictions of fewer supplies at the end of the current marketing year, jeera yesterday finished higher by 5.72% at 58085. Prices increased as crop worries grew as a result of Rajasthan, the state that produces the majority of the crops, experiencing unseasonal rains and hailstorms. This season, the market…
Friday saw a more than 3% decline in the price of Multi Commodity Exchange (MCX) shares, a day after the exchange called off the mock trading session for the new trading platform. The exchange is currently putting a new commodity derivative platform into place. According to a circular released by MCX on Thursday, “the exchange…
The government will soon sell 4 lakh tonnes of wheat and 5 lakh tonnes of rice from buffer stock to bulk buyers and dealers in the first round of auctions, despite the growing retail prices of commodities. These steps are a part of the Center’s comprehensive effort to reduce the rate of increase in the…
Crude oil yesterday decreased by -4.17% to close at 5705 as concerns over interest rates and inflation resurfaced, increasing questions about the prospects for gasoline demand. Pressure from important central banks was also perceived as being hawkish, which created worries that interest rates would keep rising for a longer period of time and worsen the…
Due to strong export demand and predictions of lower stock levels at the end of the current marketing year, jeera yesterday settled higher by 1.62% at 54510. 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…
