Early Asian trading on Monday saw a tiny increase in oil prices as concerns about a U.S. recession that had caused prices to fall for three weeks in a row for the first time since November started to fade. Brent crude prices were up 6 cents at $75.36 per barrel. West Texas Intermediate (WTI) oil…
Major producers of edible oils, including Adani Wilmar and Emami, have started lowering the cost of their most popular products as a way of passing on the benefits of the decline in prices elsewhere to customers. At a meeting with business organisations last week, the food ministry pushed producers to lower costs. The maximum retail…
The price of gold is trading unchanged on Friday, while the price of silver is up 0.23%. Gold June futures were selling at Rs 61,469 per 10 grams on the Multi Commodity Exchange, down Rs 24 or 0.04%. On the MCX, silver May futures were trading at Rs 78,220 per kilogram, up Rs 182. Globally,…
After prices increased amid growing crop concerns due to unseasonal rains and hailstorms in Rajasthan, the main producing state, jeera yesterday settled down by -0.15% at 45490 as a result of profit taking. Demand from domestic and international purchasers has increased as a result of the market’s expectation of a lower yield and quality of…
The price of zinc yesterday increased by 0.67% to 234.1 because the International Lead and Zinc Study Group (ILZSG) predicted that the global market for refined zinc will likely have a deficit in 2023. The ILZSG predicted that in 2023, there will be a shortage of only 45,000 tonnes, as the demand for refined zinc…
The price of natural gas yesterday decreased by -4.48% to settle at 181.3 as drillers continue to extract record amounts of gas from the ground while the heating demand is reduced by the seasonally warmer weather and by units closing for spring maintenance. Average gas production in the Lower 48 States of the United States…
In comparison to its predictions made in December 2022, the International Cotton Advisory Committee (ICAC) Tuesday reduced its outlook for cotton prices globally. According to ICAC’s May projection, the season’s average price is expected to range between 96.1 and 111.3 cents per pound, with 102.77 cents being the middle. This is less than the midpoint…
As crop concerns develop as a result of unseasonal rains and hailstorms in Rajasthan, the state that produces the majority of jeera, the price of the spice yesterday increased by 5.81% to 43045. Demand from domestic and international purchasers has increased as a result of the market’s expectation of a lower yield and quality of…
After prices fell on worries about weak demand, copper rose yesterday by 0.41% to close at 742.2. After China’s reopening, investors were unimpressed by the volume of purchases made there. Given the lack of demand for physical delivery, the Yanghsan copper premium has been more than cut in half since mid-March to $23 a tonne….
Cotton prices dropped by 0.29% to 62640 as the market was pressured by the likelihood of increased output and decreased consumption in India. The Cotton Association of India (CAI) predicts that the country’s cotton production will rise by 19.3% to 360.2 lakh bales (each weighing 170 kg) for the crop year 2022–2023 from 302 lakh…
