Natural gas prices dropped by 0.63% to ₹285.7 due to increased U.S. production and reduced tariff risks. President’s suspension of tariffs on Canada and Mexico reduced import costs, reducing price support. Average U.S. gas output rose to 106.0 bcfd in February, but daily production dropped to 105.1 bcfd. Weather remains a key driver, with forecasts…
Jeera fell 1.37% to ₹20,905 on increased supply availability and lower demand. Of the nearly 20 lakh bags currently held by farmers, only 3-4 lakh bags are expected to be traded by the end of the season, leaving 16 lakh bags available for carry-forward. Jeera production for 2023-24 is expected to be 8.6 lakh tonnes…
CottonCandy rose 0.54% to ₹53,780, driven by India’s upward crop revision and strong demand from garment industries. The Cotton Association of India (CAI) increased its 2024-25 cotton production estimate by 2 lakh bales to 304.25 lakh bales, mainly due to higher output in Telangana. However, North Indian production is expected to decline by 3.5 lakh…
Crude oil prices dropped by 0.25% to ₹6,334 due to tensions between OPEC+ and the former US President, who has called for increased oil supply to curb high prices. The US decision to impose 25% tariffs on Mexico and Canada and 10% on China added to market uncertainty. US crude inventories rose by 3.463 million…
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…
