Due to increased global demand, cumin prices are rising
In response to rising domestic and international demand, the price of the common spice cumin (jeera) has increased significantly by at least ‘300 per 20 kg in the past week. The commodity’s price increased from 4,800 to 5,100 to 5,100 to 5,500 in just the past week. According to market experts, this bull run is…
Despite China’s Covid wave, copper continues to maintain steady
On Wednesday, copper prices stayed around $8,350 a tonne as expectations that China’s relaxation of Covid-19 limits will eventually boost demand were countered by an increase in infections that are short-terming consumption.Due to its rigorous zero-Covid policy, which hampered economic growth and caused copper prices to drop as low as $6,955 in July after reaching…
Focus on M.P. and Odisha to reach the target; rice procurement up 11%
All eyes are on Odisha and Madhya Pradesh, who combined contributed over 13% to the Central Pool last year, to make up for the deficit in Uttar Pradesh and Punjab, as overall rice procurement has increased by 11% so far this season. As the procurement in the State is projected to be on par with…
First bullion bourse tries to shine
High gold prices, a lack of participant interest, and inadequate liquidity, according to traders, have made trading on Indian International Bullion Exchange (IIBX), the country’s first international bullion platform, lackluster. Beginning in July, IIBX is operating out of the International Financial Services Centre (IFSC) building in Gandhinagar’s Gujarat International Finance Technology City (GIFT City). Given…
CAI decreases cotton production and consumption projections
The cotton crop in India for 2022–2023 is expected to be 4.25 lakh bales (each weighing 170 kg) lower than the previous year, when 307.05 lakh bales were produced, due to forecast declines in production in Andhra Pradesh, Karnataka, and Haryana. The CAI predicted a decrease in cotton production for November in Punjab (0.75 lakh…
Central government is asked to invest money in the coffee co-operative
As prices fluctuate during the current harvest, struggling coffee growers believe that now is the ideal time for the Center to strengthen the only multi-state co-operative Coffee Marketing Co-operative Ltd (COMARK) by providing financial support to the growers’ organization to engage in market intervention activities. Farm gate coffee prices have decreased by approximately a fifth…
Copper prices increase as China pledges economic support
Due to a declining dollar and expectations of increased demand in China as a result of the government’s projected economic stimulus, copper prices increased on Monday. The central bank is anticipated to loosen monetary policy soon after the Chinese government announced that it would intensify efforts to stabilize the country’s economy. However, for the time…
Oilmeal exports increased by 50% from April to November as shipments of rapeseed meal increased
When compared to the same period in the previous financial year, the total export of oil meals grew by 50% to 23.92 lakh tonnes (lt) between April and November 202223 from 15.96 lt. The export of oil meals increased by 150 percent from 1.63 lt in November 2021 to 4.07 lt in November 2022, according…
Oil prices are rising due to optimism about China’s recovering demand
As optimism from China’s reopening and a resurgence in oil demand overshadowed worries of a global recession, oil prices recovered ground on Monday after dropping more than $2 per barrel in the previous session. While U.S. West Texas Intermediate crude was at $74.89 a barrel, up 60 cents or 0.8%, Brent crude futures increased 72…