Global Arabica coffee prices hit new highs on Monday, as farmers were reluctant to sell their 2025/26 harvest due to the effects of a continuing drought and expectations of higher prices and concerns about future harvests. According to data, only 12% of Brazil’s 2025/26 harvest has been sold, below the usual average of 21%. Prices…
Crude oil prices dropped by 1.98% to ₹6,300 after the US reversed its initial plan to impose sanctions and tariffs on Colombia after reaching an agreement on deported migrants. Market volatility persists due to the President’s strong rhetoric. US crude oil inventories fell for the ninth week, with a 1.02 million-barrel drop. Inventories at the…
Aluminum prices rose 0.08% to ₹252.75, following comments from the US President that investors were optimistic about a possible trade deal with China, the world’s top user of the metal. The sentiment was further bolstered by developments in the European Union, which is set to ban primary aluminum imports from Russia as part of its…
Cotton candy prices in India have dropped by 0.08% to ₹53,290 due to revised crop projections by the Cotton Association of India (CAI). The updated estimate is now at 304.25 lakh bales, 2 lakh bales higher than earlier forecasts, largely due to better-than-expected yields in Telangana. However, cotton prices remain under pressure as the US…
Jeera futures settled 0.8% lower at ₹22,445 due to subdued demand and current export needs being met. However, concerns over stock shortages limited the downside. Farmers hold around 20 lakh bags of jeera, with only 3-4 lakh bags expected to be traded by the season’s end. India’s jeera production for 2023-24 is expected to match…
The Cotton Association of India (CAI) has revised up its 2024-25 cotton production estimates by 2 lakh bales, taking the total estimate to 304.25 lakh bales. The consumption estimate has been increased by 2 lakh bales on the back of increasing demand. Exports, primarily to Bangladesh, continue at a low pace. CCI holds a significant…
Due to lower export estimates, Malaysian palm oil futures fell 1.5% to below MYR 4,150 per tonne for the second consecutive session. Shipments of Malaysian palm oil products fell between 18.2% and 23% from January 1 to 20, with unfavorable currency dynamics and reduced demand in India contributing to the pressure. Global policy uncertainties, including…
Cold weather forecasts have led to a 4.52% increase in natural gas prices, with severe cold likely to push daily gas demand to a new high, with LSEG estimating 172.2 billion cubic feet per day (bcfd) on January 21, surpassing the previous record of 168.4 bcfd. Cold weather has already affected production, and historically, similar…
Gold prices have continued to rise, hitting their highest since November 1 at $2,750. Global trade uncertainty and US interest rates have been driving gold prices higher day by day. From a technical perspective, a break above $2,720 indicates a positive sentiment, with a move to $2,790 expected. Gold prices rose for a third straight…
Turmeric prices in India rose by 2.32% to 14,356, despite concerns about slow rhizome growth and low yield estimates. Harvesting has started in Karnataka and Andhra Pradesh and is expected to begin in Telangana soon. Farmers are concerned about lower-than-expected yields, and supply is expected to rise. The Erode Warangal line supply has been reduced,…
