As markets anticipated critical data on U.S. nonfarm payrolls on Friday, gold prices held near seven-month highs, while copper prices reversed weekly losses due to the relaxation of additional anti-COVID measures in major importer China. After a series of abrupt rate hikes by the Federal Reserve in 2022, it is anticipated that U.S. nonfarm payrolls…
The country’s mustard production may rise this year and surpass yearly demand for the first time since the nation became reliant on imports of edible oil due to a higher area and anticipated productivity growth. If the weather holds favorable for the next month, production might reach over 125 lakh tonnes (lt), an increase of…
A weaker dollar and increased prospects of future rate hikes that are less aggressive helped gold prices extend their new year surge and rise more than 1% to their highest level since mid-June. The price of spot gold increased by 1.2 percent to $1,860.64 per ounce, reaching its highest level since June 13. U.S. gold…
On Wednesday, gold prices stayed at six-month highs, ending a recent rise as traders repurchased dollars in anticipation of additional monetary policy clues from the Federal Reserve’s December meeting minutes. The yellow metal saw a solid start to the year as demand for safe havens other than the dollar surged in response to worries about…
The pace of Telangana’s paddy purchases is modest. The State has so far purchased 60 lakh tonnes (lt) of paddy, falling short of its goal of 100 lt for the Kharif harvesting season, according to the most recent data. A total of 12,500 crore worth of paddy was purchased from roughly 10 lakh farmers. According…
While growers who stuck to urad, moong, bajra, and ragi were unable to realize the MSP, farmers who sold cotton, soyabean, paddy, and jowar crops in the agricultural produce marketing committee (APMC) markets from October to December 2022, the crucial harvesting season, earned an additional 8,241.6 crore over the combined minimum support price (MSP) value….
Jeera (cumin seed), the spice, set a new record high on Monday, surpassing $33,000 per quintal in the futures market, kicking off 2023 on a scorching note. Jeera futures for January delivery have increased by more than 30% from 25,085 since December 2. Jeera prices in Unjha’s spot markets have increased by 29% from 24,857…
The market anticipates that the easing of Covid-related limitations in China will increase demand for the commodity, which is why crude oil futures traded higher on Monday. The price of January crude oil futures on the Multi Commodity Exchange (MCX) opened at $6,620, up $0.99 from the previous close of $6,555. The price of February…
Cotton growers in Telangana have planned to stage statewide protests in order to press their demand for $15,000 per quintal, which is lower than it was last year. In the State, cotton is farmed on over 50 lakh acres. Farmers continued to grow cotton in 2022, encouraged by the previous season’s record prices, which rose…
The API stated Wednesday that U.S. oil stockpiles decreased for a second consecutive week, just as many people were beginning to worry about the demand picture due to an increase in COVID-19 cases in China. Following the release of the data, West Texas Intermediate, the U.S. benchmark, traded at $78.78 per barrel after closing down…
