India’s cotton industry will undoubtedly be severely impacted by the political unrest in Bangladesh, even though it may not have a major impact on trade. Bangladesh is the recipient of $2.4 billion worth of Indian cotton exports. Bangladesh’s proportion of India’s total cotton exports increased from 16.8% in FY13 to 34.9% in FY24, based on…
Oil prices were close to eight-month lows on Monday as concerns about a potential recession in the United States, the world’s biggest oil user, outweighed concerns about the potential impact of escalating tensions in the Middle East on supply from the main producing region. Brent crude futures experienced a minor decline of 4 cents, or…
Natural gas prices dropped by 2.31% to 164.9 as a result of increased output and lower-than-anticipated demand next week. This drop happened despite bullish forecasts of record-breaking heat that might drive petrol use by power generators to an all-time high and a smaller-than-expected weekly storage build. Gas output in the Lower 48 states increased to…
As investors anticipated further signals from the Federal Reserve regarding interest rate reductions, gold prices increased during Wednesday’s Asian trading session, supported by a weakening dollar. Gold futures expiring in December saw a 0.5% increase to $2,463.85 an ounce, while spot gold increased by 0.3% to $2,419.11. Before the end of the Fed meeting later…
As a result of increasing output that outweighed expectations for higher demand over the next two weeks due to projected record heat in the Lower 48 U.S. states, natural gas prices ended up down -0.46% at 172.9. Prices have been pressured by a large excess of petrol in storage, even with the expected increase in…
Yesterday, cotton candy prices saw a notable decrease in acreage, with Punjab, Haryana, and Rajasthan reporting just 10.23 lakh hectares under cultivation—a sharp decrease from the 16 lakh hectares recorded the previous year. As a result, cotton candy prices ended the day up 0.44% at 56980. Compared to the average 7.58 lakh hectares in the…
Monday’s Asian trading saw a rise in gold prices, regaining some of the ground lost during July’s downturn. This was due to attention being drawn to the Federal Reserve’s upcoming meeting when it is anticipated that the central bank would issue additional hints regarding interest rate cuts. Gold futures expiring in December saw a 0.5%…
Gold prices saw robust selling last week in response to China’s weak demand for real gold. The COMEX gold market saw a 4.50 percent loss last week, while the yellow metal price in India saw a greater decline as a result of price adjustments following the news of a 9 percent reduction in customs duties…
Friday saw a little increase in oil prices, but they are still expected to decrease for a third straight week due to sluggish demand in China, the world’s largest petroleum importer, and hopes for a ceasefire agreement in the Gaza conflict and other Middle Eastern hostilities. September’s Brent crude futures increased by 12 cents, or…
Citing data from the National Energy Administration, China’s natural gas consumption is anticipated to increase this year by 6.5% to 7.7% over the previous year, potentially reaching 425 billion cubic meters. This year’s production increased significantly as well. Due to state enterprises’ new field start-ups that improve domestic output, it climbed by 6% over the…
