Turmeric prices fell 0.51% to ₹13,206 on weak demand and increased supply. With the harvest underway at a faster pace, more crop is expected to enter the market next month. Turmeric arrivals have increased to 13,190 bags, almost double the previous session’s 6,780 bags, especially in significant markets like Nizamabad and Hingoli. The crop is…
Turmeric prices dropped by 0.55% to ₹13,274 due to weak demand and increased arrivals. Harvesting season has boosted arrivals to 13,190 bags, with Nizamabad and Hingoli seeing the highest. However, new crop yields are expected to be 10-15% lower this year due to small rhizomes and crop rots in the Nanded region. Farmers anticipate a…
Gold rose 0.09% to ₹82,304 amid former US President Donald Trump’s escalating tariff threats. He reiterated a 25% tariff on imports from Mexico and Canada, while also exploring additional duties on Chinese goods. The US economy slowed in Q4, but consumer spending grew at its fastest pace in nearly two years. Despite record prices, India’s…
Finance Minister Nirmala Seetha Raman Presented the budget for the 8th time in 2025. Key Announcements in Budget 2025
Jeera rose 0.11% to ₹21,805 on low procurement and stock shortage, but the rise was limited due to weak demand and adequate stock. Farmers still have about 20 lakh bags, and only 3-4 lakh bags are estimated to be traded by the end of the season, leaving 16 lakh bags to be carried forward. Production…
Aluminium prices rose by 0.04% to ₹252.1 due to supply concerns and the European Commission’s proposed inclusion of Russian primary aluminium imports in its 16th package of sanctions. The ban, which includes aluminium alloys, has a one-year phase-in period. Global primary aluminium output rose 3% year-on-year to 6.236 million tonnes in December. Stocks at Japan’s…
The silver market is expected to experience a deficit for the fifth consecutive year in 2025, with industrial demand continuing to be the main driver of this supply-demand imbalance. Silver prices have risen under the president’s administration due to geopolitical uncertainty and tariff fears, resulting in short supply and increased supply to CME warehouses. Industrial…
India’s pulses imports reached a record 66.33 lakh tonnes in 2024, nearly doubling from the previous year. The surge was primarily driven by increased yellow pea imports, which were allowed duty-free to address a shortfall in domestic chana production. Tur and urad imports also reached all-time highs, accounting for 25% of India’s total pulses consumption….
India’s sugar production is predicted to decline by 17% in 2024-25, reaching 26.52 million tonnes, according to the All-India Sugar Trade Association (AISTA). This decline is due to adverse weather conditions, diseases in Uttar Pradesh, and lower sugar recovery rates. Lower closing stocks and reduced carryover sugar could lead to a supply shortage. Consumption is…
Gold prices rose 0.89% to ₹80,289 as investors awaited the Federal Reserve’s first meeting of 2025. The Federal Reserve is widely expected to keep interest rates steady after a 100 basis point cut since September, the latest sign of easing inflation. Moreover, trade-related inflation risks have eased as the US President has eased fears of…
