Crude prices fell slightly in Asian trade on Wednesday as markets remained nervous about tax challenges and rising supply, with the focus on stimulus plans in the world’s largest importer, China. Prices fell to their lowest in five months on Tuesday as investors worried about a slowdown in demand in the face of economic sanctions…
India’s rice procurement reached 45.84 million tonnes as of February 28, a 5% increase from last year. The Kharif season rice production is estimated at a record 119.93 million tonnes. Key states like Bihar, Uttar Pradesh, and Madhya Pradesh reported higher procurement, while Punjab and Haryana saw a decline. The Food Corporation of India (FCI)…
Oil prices fell to their lowest in nearly three months in Asian trade on Tuesday, as concerns mounted about the economic disruption caused by rising US trade tariffs and the possibility of additional OPEC+ output. Oil has not been resting this week as the world’s largest economies threatened to escalate their trade war. Concerns also…
Jeera prices rose by 0.42% to 21,335 due to the delayed arrival of the new crop in Gujarat due to unfavorable weather conditions. However, demand remains subdued and current export requirements are met through available stock. Farmers hold approximately 20 lakh bags of cumin, with only 3-4 lakh bags expected to be traded by the…
The prospects for India’s wheat harvest have improved as the recent Western Disturbance brought good rains and snowfall to north and northwest India, allaying earlier concerns about weather-related damage, the India Meteorological Department (IMD) said. While no significant weather threats are expected, March is expected to deliver above-average temperatures. Moreover, the absence of severe cold…
Oil prices fell on Friday, heading for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures settled at $73.18 a barrel, down 86 cents, or 1.16%, while U.S….
Gold prices fell 1% on Friday after the release of US inflation data. The data was expected to indicate that the Federal Reserve will take a cautious approach to further interest rate cuts. Spot gold fell 1% to $2,846.19 an ounce. Silver saw its biggest weekly decline since November, falling 3.1% so far this week….
Cotton candy prices have declined by 0.41% to 53,510 due to increased supply and weak mill buying. Brazil’s cotton production for 2024-25 is expected to rise by 1.6% to 3.7616 million tons, with a 4.8% expansion in planting area. The Cotton Corporation of India (CCI) is expected to procure over 100 lakh bales at the…
Gold prices closed down 0.79% at $85,196 as investors worried about a strong U.S. dollar and key inflation data. Uncertainty over U.S. trade plans also weighed on the market, with the U.S. President considering imposing a 25% “reciprocal” tariff on European automobiles and postponing additional tariffs on imports from Mexico and Canada until April 2….
Palm oil prices are expected to decline as production recovers and demand weakens. In 2024, palm oil futures surged 20% due to supply disruptions in Indonesia and Malaysia. However, inventories are set to rise as buyers shift to cheaper alternatives like soybean and sunflower oils. India’s palm oil imports could drop to a five-year low,…
