India is expected to experience above-average temperatures during the winter season, raising concerns about the yields of crops like wheat and rapeseed. The India Meteorological Department predicts above-normal minimum and maximum temperatures from December to February, with fewer “cold wave days. ” Winter-sown crops like wheat, rapeseed, and chickpea require cold weather for optimal growth…
For the first time, Brazil has surpassed the United States in cotton production and exports, setting a historic record. Thanks to favorable prices and low production costs, Brazil’s cotton acreage is expected to reach a record high of 1.97 million hectares in 2024-2025. With a decline in production in India and an increase in global…
Turmeric prices fell by 1.12%, closing at ₹13,214, due to profit booking and increased arrivals. However, Hingoli markets experienced intermittent closures due to assembly elections in Maharashtra. Low stock levels have kept prices stable, but a delay in new crop arrivals due to prolonged vegetation growth may provide temporary support. Sowing activity has improved, with…
India is expected to produce 25 million 480-pound bales of cotton in 2024-2025, but this represents a five-year low. Cotton production is on track to meet the challenges of the textile sector due to rising exports of value-added cotton-based products. India’s cotton production for the 2024/25 marketing year is unchanged at 25 million 480-pound bales,…
CottonCandy prices rose by 0.05% to ₹55,390 due to profit booking and strong demand from garment industries and export orders. India’s cotton production for 2024/25 is projected to decline by 7.4% due to reduced acreage and crop damage from excessive rainfall. The USDA revised its forecast to 30.72 million bales, lowering ending stocks to 12.38…
Natural gas prices fell 0.12% to ₹258.7 on rising production pressure and forecasts of milder weather. In December, U.S. gas production in the Lower 48 states increased to 102.3 billion cubic feet per day (bcfd), below the record of 105.3 bcfd set in December 2023 but above the November average of 101.5 bcfd. Futures prices…
Crude oil prices rose 2.6% to ₹5,929 per barrel on expectations that OPEC+ will continue its current production cuts until Q1 2025. In a sign of increased competition in the region, Saudi Arabia is expected to cut oil prices for Asian consumers to their lowest point in four years. The EIA Petroleum Status report revealed…
Cotton candy prices fell by 0.34% to ₹55,360 per candy, driven by profit booking and rising cotton yarn demand in southern India. India’s cotton production for 2024/25 is expected to drop by 7.4% due to reduced acreage and crop damage caused by excessive rainfall and pest infestations. The USDA lowered India’s production estimate to 30.72…
A strong US dollar and a cautious market approach ahead of key economic data and Federal Reserve talks pushed gold prices lower. Federal Reserve minutes expressed optimism about a strong labor market and easing inflation, Global demand for gold remained stable at 1,176.5 metric tons in Q3 2024, as robust investment activity offset declining jewelry…
Natural gas prices fell by 3.39% to settle at ₹273.6, driven by easing heating demand despite colder-than-normal weather. Weather forecasts suggest a shift from colder-than-normal to near-normal levels from December 4-12, reducing the pressure on utilities to draw heavily from storage. Production levels in the U.S. remain robust, with an average of 101.4 billion cubic…
