Turmeric prices dropped 0.4% to 13,032, driven by increased acreage due to favorable rains during the current sowing season. Daily arrivals rose to 13,660 quintals, reflecting higher availability. Preliminary estimates suggest acreage for 2024-25 may rise 15-20% compared to last year, with 3.30 lakh hectares under cultivation. However, untimely rains may reduce productivity. New crop…
Indonesia’s palm oil exports for 2024/25 have been revised down to 22.8 MMT due to reduced demand and the B40 biodiesel mandate. However, production is expected to rise 3% to 47 MMT in 2025/26 due to improved yields. Palm oil prices surged 24% year-on-year, narrowing their competitiveness with other oils. Soybean consumption remains steady at…
Gold prices rose 0.2% to 1,01,468 on MCX, following a recent high above 1,02,000. The increase was fueled by trade tensions and expectations of US interest rate cuts. US President’s tariffs, including a 100% tariff on imported semiconductors, boosted sentiment. CME FedWatch predicted a 91% chance of a September rate cut. Citi raised its gold…
Jeera futures fell by 1.56% to 18,910, driven by weak domestic and export demand post the peak retail season. Traders noted the end of retail buying and subdued foreign buyer interest. Farmers are holding around 20 lakh bags of jeera, with only 3-4 lakh bags expected to be traded before the season ends. Production for…
Natural gas prices rose by 3.62% to $266 due to declining daily output, increasing LNG export flows, and forecasts for hotter-than-normal weather in the U.S. through late August. This heatwave is expected to increase air conditioning demand and gas consumption for power generation. Gas-fired power plants generate over 40% of the U.S.’ electricity, making the…
மஞ்சள் சாகுபடி குறைவாக இருந்தபோதிலும், விலை 0.18% அதிகரித்து 13,142 ஆக இருந்தது. தினசரி வரத்து 13,660 quintal அதிகரித்துள்ளது, இது விளைபொருட்களின் நிலையான வரத்தைக் குறிக்கிறது. விவசாயிகள் குறைந்த லாபம் தரும் பிற பயிர்களிலிருந்து மாறுவதால், இந்த பருவத்தில் மஞ்சள் சாகுபடி பரப்பளவு 15-20% அதிகரிக்கும் என்று முதற்கட்ட மதிப்பீடுகள் தெரிவிக்கின்றன. இருப்பினும், பாதகமான வானிலை விளைவுகள் காரணமாக, குறிப்பாக Nanded பகுதியில் உற்பத்தி விகிதாசாரமாக உயர வாய்ப்பில்லை. 2024-25 பருவத்தில் மஞ்சள் production 3.30…
Turmeric prices rose by 0.18% to 13,142, despite short covering. Daily arrivals increased to 13,660 quintals, indicating a steady inflow of produce. Preliminary estimates project a 15-20% increase in turmeric acreage this season, as farmers shift from other less profitable crops. However, production is unlikely to rise proportionally due to adverse weather effects, particularly in…
Gold prices rose 1.45% to ₹101,204 as investors expected the US central bank to cut interest rates soon. There is an 81% chance of a rate cut in September. Gold was also boosted by rising global tensions. The president raised import duties on goods from several countries to between 10% and 41%. Citi raised its…
Crude oil prices fell 2.73% to 5,887 as markets reacted to rising global trade tensions and an unexpected increase in US oil supplies. The new US tariffs could hurt the global economy and reduce crude demand. The president confirmed a 10% base tax on imports and added new taxes of up to 41% for countries…
Research firm ICRA predicts that kharif crop sowing this season may surpass last year’s levels by a reasonable margin. With favourable monsoon conditions, kharif sowing has been completed on 76% of the normal sown area, up by 4% year-on-year as of July 2025. The kharif crops, mainly moong, rice, and maize, are planted during the…
