Turmeric prices fell by 2.96% to ₹13,626, driven by increased sowing and dry weather in Indonesia. However, tighter market supplies and stockist buying interest limited the downside. Farmers held back stocks in anticipation of price rises. Low export demand and rising sowing acreage could contribute to further price declines. Sowing reports show doubled turmeric sowing…
In Asian trade on Thursday, gold prices rose. Because investors expect the yellow metal to continue to profit from the low interest rate environment. However, interest rates were cut somewhat lower than expected due to the core consumer price inflation figures for August. Traders saw a 25 basis point drop in late September; This idea…
Cotton candy prices rose by 0.5% to ₹58,610 due to concerns over reduced acreage in the Kharif season, down by 9% to 110.49 lakh hectares compared to 121.24 hectares last year. Farmers are shifting to other crops due to lower cotton yields and high production costs. Increased cotton exports to Bangladesh have tightened the cotton…
Crude prices rose slightly on Wednesday as a tropical storm could damage France’s oil supplies.U.S. Oil futures were up 44 cents, or 0.7%, at $66.19 a barrel, while Brent crude futures were up 39 cents, or 0.6%, at $69.58 a barrel. While some production facilities had already been suspended, concerns about the storm’s risk of…
Copper prices dropped by 0.75% to ₹784.95, primarily due to weaker demand from China, the world’s largest copper consumer. China’s unwrought copper imports fell to a 16-month low in August, with total imports down 12.3% year-on-year to 415,000 metric tons. This was largely due to reduced manufacturing activity and demand in key sectors like electric…
Oil prices fell slightly on Tuesday on factors including weaker Chinese demand. Brent crude was down 4 cents, or 0.06%, at $72.80 a barrel. At $68.60 a barrel, the U.S. West Texas Intermediate crude futures lost 10 paise, or 0.15%. The NHC noted that analysts “risk at least 125,000 barrels per day (bpd) of oil…
Gold prices fell slightly in Asian trade on Tuesday, but remained close to recent peaks as traders awaited key U.S. inflation data for more cues on the Federal Reserve’s plans to begin cutting interest rates. Spot gold came within spitting distance of a record high on Friday, but then pulled back as the dollar advanced…
If the current decline in crude oil prices continues, it will lead to healthy marketing margins for downstream companies in the future. State-run oil marketing downstream companies posted weak earnings in the first quarter of the current fiscal after prolonged volatility in crude oil prices. Analysts expect a drop in retail prices of petrol and…
Cotton candy prices fell by 0.2% at 59,040, reflecting weakening ICE prices due to slow demand and improved crop conditions. Cotton acreage in India has decreased by 9% in the current kharif season, with 110.49 lakh hectares compared to 121.24 hectares last year. The Cotton Association of India expects total acreage for the year to…
In a note released on Friday, OPEC+ revised its forecast for oil production, expecting output for the three months starting in December to rise from October. OPEC+ announced on Thursday that it has decided to postpone a planned increase in oil production until October and November, following crude prices that hit a nine-month low. If…
