Turmeric prices fell sharply, by -3.76%, to settle at 16112, mostly due to anticipation of fresh entrants from Maharashtra’s Marathwada region. The downside was constrained despite this negative pressure because of below-average supply and strong festive demand. Important marketplaces like Nanded, Nizamabad, and Erode saw a sharp increase in new crop supplies, with arrivals much…
The price of aluminium increased by 1.05% to settle at 226.45 as money flooded into commodities, especially metals, a hedge against mounting inflationary pressures. The rise in demand for aluminium aligned with China’s robust production numbers, suggesting a stable growth path for the metal. March saw a year-over-year increase in aluminium output of 4.19% to…
Morgan Stanley predicts a sustained upside in iron ore prices, targeting $120/t in Q3. The firm’s strategists believe that the resistance level is at $100/t, and as the mood improves on China demand and supply slippages, the price risk is skewed upwards. The strategists also noted that the price has traded on average at a…
The National Statistical Office (NSO) issued data on Friday that showed that retail inflation, which is based on the Consumer Price Index (CPI), decreased to a 10-month low of 4.85% in March from 5.1% in February, despite high food costs. In the upcoming months, food prices are predicted to stay erratic. In the meantime, the…
Robusta coffee bean prices in India have soared to an all-time high of Rs 10,080 per 50 kg bag, bringing relief to coffee growers who mainly cultivate it due to lower input costs compared to Arabica. These growers have faced challenges such as erratic rainfall, crop damage by wild animals, and rising input and labor…
Zinc prices saw a small increase of 0.33% yesterday, closing at 243.5, driven by increased optimism in the world manufacturing sector amid signs that the manufacturing downturn may have peaked. The U.S. inflation statistics exceeded estimates for March, which delayed the expected date of a first-rate decrease from June to September, further supporting this optimistic…
Prices for cotton candy decreased significantly by -1.86% yesterday, leveling at 60,120. The main causes of this reduction were the reduced demand worldwide and the expectation of a better harvest in nations such as Australia. For the upcoming season, 2024–2025, the International Cotton Advisory Committee (ICAC) predicted gains in cotton-producing areas, production, consumption, and trade….
Private purchase of wheat in Punjab is expected to rise this marketing season due to depletion of stocks.”Private traders are expected to purchase 0.8-1 MT this season, up from 0.45 MT last year.” Private traders procured 0.6 MT of wheat from farmers in the 2022-23 rabi marketing season in Punjab, which used to be avoided…
Turmeric prices fell by 1.73% yesterday, settling at 17062. The drop was caused by predictions of new arrivals from the Marathwada region in Maharashtra, but this was mitigated by below-average supply and strong festive demand. Although there were more arrivals in Nizamabad and Erode this week than the week before, it is anticipated that turmeric…
In yesterday’s trading session, aluminium prices saw a slight decrease of -0.2%, ultimately finishing at 223.3. This dip was ascribed to profit bookings after recent increases, which were especially reinforced by higher premiums in Japan. Stronger-than-expected economic statistics out of China also helped the market, allaying worries about declining demand from the largest consumer in…
