The world’s top oil importer, China, is facing economic challenges, and this has resulted in a 3.42% decline in crude oil prices, which closed at 6612. Strong news on the American labor market and manufacturing drove up crude prices, and as a result, the US dollar index increased. A further depressant of demand sentiment was…
Amid reports of increasing seeding activity, the price of turmeric ended down 2.11% at 15876. Nonetheless, the negative impact was restricted because farmers are hoarding their inventory in expectation of additional price increases. It’s now believed that fair prices will lead to a rise in turmeric sowing in all key producing states. According to reports,…
The dollar strengthened on Friday, and some investors booked profits after the metal’s recent run due to growing anticipation of a U.S. interest rate reduction in September. As a result, gold prices fell more than 1%. At $2,404.34 per ounce, spot gold was down 1.7% from its peak. On Wednesday, gold reached a record-breaking $2,483.60….
In Asian trade, oil prices increased, continuing a recent upward trend as speculation about tighter supply and stronger demand in the largest fuel consumer in the world increased in response to a larger-than-expected drop in U.S. stockpiles. The previous week has seen sharp losses in the crude markets as worries about slowing global demand were…
Prices for cotton candy rose by 0.4% to 57,640 INR, mostly due to a notable decrease in the area used for cotton farming in Rajasthan, Haryana, and Punjab. After reporting 16 lakh hectares of cotton last year, these states now record 10.23 hectares under cotton. Just 97,000 hectares of cotton were grown in Punjab, dramatically…
As indications of reduced US supply helped ease concerns about the global oil market’s deteriorating demand, oil prices steadied throughout Wednesday’s Asian trading session. After dismal economic statistics from China, the world’s largest oil importer, increased worries about slowing demand, crude markets were nursing a steep fall over the previous week. October contract prices for…
The September WTI (West Texas Intermediate) and Brent oil futures were down 0.31 and 0.27 percent, respectively, to $84.62 and $80.59. Tuesday’s first hour of trading saw July crude oil futures on the Multi Commodity Exchange (MCX) trading at ₹6,828 against the previous close of ₹6,847, down 0.28 percent, and August futures at ₹6,752 against…
Forecasts of warmer-than-usual weather over the next several weeks are expected to generate higher demand for air cooling, which helped natural gas prices rise by 2.94% yesterday and settle at 196. The weather forecast encouraged market optimism because rising temperatures usually lead to a greater requirement for electricity generation for cooling purposes, increasing natural gas…
The increased anticipated production in the United States is primarily responsible for the 1.1 million bale increase in the worldwide cotton production prediction for 2024–2025 to 120.2 million bales. Global consumption is anticipated to rise by 250,000 bales, with increases in Malaysia and India balancing declines in other regions. These adjustments cause the global ending…
As investor confidence was encouraged by evidence of strong summer demand and easing inflationary pressures in the world’s largest oil market, the United States, oil prices surged during early Asian trading hours on Friday. Up 37 cents, or 0.4%, to $85.77 per barrel, were Brent crude futures. With a 0.6% increase, U.S. West Texas Intermediate…
