Prices for cotton candy saw a little decrease of -0.03% yesterday, ending at 57580. This was mostly due to expectations of higher agricultural harvests, especially in nations like Australia. With the growth in cotton-producing areas, production, consumption, and commerce, the International Cotton Advisory Committee (ICAC) predicted a favorable cotton season for 2024–2025. Specifically, the ICAC…
Jeera prices increased by 1.62% due to high demand worldwide. However, the market arrivals are growing, which is putting pressure on the upward potential. Enhanced sowing areas and favorable weather have contributed to increased cumin production in India’s main producing regions. Cumin production in Gujarat is predicted to hit a record high of 4.08 lakh…
Yesterday, jeera prices rose by 1.08% to settle at 21900, propelled by buyers’ preference for Indian jeera in the face of limited worldwide supply. The upside was, however, limited because of worries about rising market arrivals; in Rajkot Mandi, daily shipments of 10,000 to 12,000 bags exceed demand. Pressure on the market has increased as…
India, the third-largest oil importer in the world, imported the same amount of crude oil as in the previous fiscal year, 2023–2024, which concluded on March 31. However, because of record-high imports of cheaper Russian crude and declining oil prices, India’s import bill decreased by over 16%. According to data from the Petroleum Planning and…
India’s physical investment in silver fell by 38% in 2023, leading to a 63% decrease in silver imports to a two-year low of 111.7 million ounces. Futures turnover increased by 13% and options trading increased by over five times. Physical investment decreased to 49.3 million ounces due to profit-taking. India’s physical investment was threatened by…
The API said on Tuesday that although U.S. crude stockpiles increased last week more than anticipated, gasoline inventories decreased, suggesting that refinery activity is still recovering despite rising fuel demand. The U.S. benchmark crude oil futures, WTI Futures, settled down 0.1% at $85.36 a barrel before trading at $85.28 a barrel in response to the…
New sanctions imposed by the US and UK on Russian metals have caused a 2.65% hike in aluminum prices, settling at 232.45. The primary aim of these sanctions is to restrict Russia’s ability to export metals, particularly aluminum, which it uses to fund its armed activities in Ukraine. These restrictions have raised concerns about market…
The introduction of fresh sanctions by the West on Russian commodities caused a tremor in the commodity markets and caused copper prices to rise by 1.31%, ultimately trading at 831.3. Aluminium, copper, and nickel were among the commodities for which the US and the UK imposed sanctions on the importation of Russian supplies made after…
The price of cotton candy saw slight increases, closing at 59920, mostly due to short covering after a prior decline in price amid hopes for better harvest conditions in nations like Australia. For the forthcoming season, 2024–2025, the International Cotton Advisory Committee (ICAC) predicted increases in several indicators, including the area used to produce cotton,…
Yesterday, jeera prices fell significantly, falling -2.14% to 22400, mostly as a result of market pressure from expected increases in arrivals. The Rajkot Mandi market saw 10,000–12,000 bags arrive every day, exceeding the amount of demand that is now in place. Production has significantly increased due to favorable weather and an expansion of the sowing…
