Turmeric prices fell 3.9% to ₹13,806 as reports of good yields showed a slight improvement despite some weather changes. Turmeric arrivals rose to 9,030 bags from 7,965 bags in the previous session. With Hingoli markets closed, key trading hubs like Erode were active. The crop has expanded significantly, especially in Erode district, where it is…
Cotton candy prices are expected to decline by 0.26% to ₹54,530 per tonne in CY 2024-25, while global production is expected to increase by 1.2 million bales to 117.4 million bales due to higher supplies in Argentina and India. Cotton supplies in North India (Punjab, Haryana and Rajasthan) have declined by 43% year-on-year as of…
Urad (black matpe) prices have surged due to crop damage in Tamil Nadu and Andhra Pradesh, declining acreage, and adverse weather conditions. A 25% drop in kharif output and increased export prices from Myanmar have tightened supplies in the domestic market. Karnataka and other regions have reported poor quality and reduced yields, exacerbating the situation….
Aluminium prices dropped by -0.53% at ₹243.35 due to rising output in China and Asia’s tightening supply. In November, Chinese aluminium production increased by 3.6% YoY, reaching 3.71 million metric tons. However, high alumina costs and environmental control measures are affecting smelters. China’s aluminium exports reached nearly 5.5 million tons in the first ten months…
Till mid-December 2024, the Cotton Corporation of India (CCI) has procured over 31 lakh bales of cotton at the Minimum Support Price (MSP). Telangana and Maharashtra are leading in the procurement of cotton. CCI has projected that the cotton procurement in 2024-25 will be higher than last year at 33 lakh bales with higher MSP….
Following recent gains from postponed planting in Gujarat and Rajasthan, cumin prices were down 0.17% to ₹24,040. In Gujarat, the sowing area has come down from 2.44 lakh hectares to 57,915 hectares as on November 25. Due to high temperatures, this is only 15% of the 3.81 lakh hectares used for sowing. The delay of…
Turmeric prices rose by 0.34% to ₹13,972, driven by tight market supplies ahead of the new crop’s arrival. Arrivals increased to 9,030 bags, with strong inflows in major trading hubs like Erode and Hingoli. However, gains were limited due to the crop’s excellent condition and favorable weather. Prolonged rains delayed harvesting, potentially affecting fresh supplies…
Due to strong African demand and new crop yields, India’s parboiled rice prices remained steady this week. Vietnamese rates decreased due to strong supplies, while Thai rates increased due to baht appreciation. Top exporter India’s 5% broken parboiled variety was quoted at $444-$450 per metric ton, while Indian 5% broken white rice was quoted at…
Soybean supplies have fallen by 15% in the first two months of the 2024-25 oil year as farmers have held back their crops in anticipation of better prices. Prices have fallen below the minimum support price of ₹4,892 to less than ₹4,200 per quintal. As global supplies of soybeans are increasing, so are prices due…
Natural gas prices rose by 4.5% to ₹299.6 due to a larger-than-expected storage draw, with the U.S. Energy Information Administration (EIA) reporting a withdrawal of 190 billion cubic feet from storage for the week ending December 6. Despite the decline, storage levels remain 1.8% higher year-over-year and 4.6% above the five-year average. Gas flows to…
