Jeera prices rose by 0.45% to ₹24,400, driven by domestic demand and Gulf export interest. However, tight supplies, limited arrivals from Rajasthan, and delayed new crop arrivals from Gujarat further limit market availability. Farmers hold around 20 lakh bags of cumin, with only 3-4 lakh bags expected to be traded before the end of the…
India’s cotton imports are expected to double to 33 lakh bales in 2024-25 due to a decline in domestic production. The Cotton Association of India revised production estimates to 291.30 lakh bales due to poor yields in Maharashtra. Imports reached 25 lakh bales. India’s cotton market is experiencing significant changes, with imports expected to double…
Due to consistently low palm oil imports, India’s vegetable oil stocks reached a three-year low of 1.67 million metric tons in April. The Solvent Extractors’ Association of India reported that palm oil imports rose slightly to 424,599 tons in March but remained below the average of over 750,000 tons. This reduced availability may prompt India…
The April 2024/25 wheat outlook shows mixed results for the US and global markets. U.S. wheat supplies are up due to increased imports, the highest since 2017/18, while exports have been revised downward. Domestic use remains nearly unchanged, with minor cuts to seed use. Consequently, U.S. ending stocks are projected to be 22% higher year-over-year….
Silver prices rose 0.49% to ₹91,595 amid geopolitical tensions and favorable supply-demand fundamentals. However, China is still subject to a steep 125% tariff, On the macro front, US inflation eased to 2.4% for the second consecutive month in March 2025, from 2.8% in February, fueling hopes that price pressures will moderate. Jobless claims remained relatively…
Gold prices rose Thursday as investors turned to gold as the US President escalated tariffs on China, the world’s top metal consumer. US President temporarily eased steep duties on several other countries, but he raised the tariff on Chinese imports to 125%, escalating a high-stakes confrontation between the two largest economies. Gold is traditionally seen…
Jeera futures fell 0.36% to ₹24,700 on profit booking after recent gains driven by strong domestic and export demand. Supply remains tight due to delayed crop arrivals from Gujarat and Rajasthan, but the upside is limited by weak overall demand and ample old stocks. Farmers hold around 20 lakh bags of jeera, but only 3–4…
Brent and WTI Oil are forecast to fall below $40 by the end of 2026 These forecasts are based on two key assumptions: the US economy will avoid a recession thanks to significant tariff cuts starting on April 9, and OPEC+ will moderately increase supply with two increases of 130-140kb each in June and July….
Turmeric futures fell by 5.92% to ₹14,168, following a price rally due to supply concerns and strong demand. However, the market remains supported due to lower-than-expected arrivals and robust export demand. Exports during April- December 2024 surged by 13% to 136,921 tons, exceeding previous years. Production remains cautious due to untimely rains, raising concerns over…
Union Petrol Minister Hardeep Singh Puri announced on Monday that the price of Liquefied Petroleum Gas (LPG) will go up by Rs 50 per cylinder from tomorrow morning for both Ujjwala (PMUY) and non-Ujjwala customers. “The cost would increase from Rs 500 to Rs 550 per cylinder for PMUY beneficiaries. Puri stated that the price…
