Due to various reasons affecting the global cotton market, cotton prices fell by 0.8% Wednesday, ending at 62040 rupees per candy. In contrast to the earlier estimate of 294.1 lakh bales, the Cotton Association of India (CAI) increased its projections for cotton production for the current season, estimating a higher production of 309.70 lakh bales….
The government’s wheat stock has dropped to its lowest level since 2016. Madhya Pradesh, which is the second-biggest contributor to the central pool wheat stock after Punjab, plans to purchase 8.2 million tonnes of grain during the 2024–25 rabi marketing season (April–June). In the preceding marketing season (2023–24), Madhya Pradesh made a total procurement drive…
Gold prices increased slightly yesterday, ending at 65,750 rupees per ounce. Traders were waiting impatiently for the U.S. Federal Reserve’s monetary policy announcement and Fed Chair comments, hoping to gain some insight into the possibility of rate reduction. The Federal Reserve kept interest rates in the predicted range of 5.25% to 5.5%, but it also…
After a recent dip attributable to increasing acreage in the current rabi season, jeera prices saw a strong rebound yesterday, finishing up by 1.91% at 23760 rupees. Due to record prices from the previous marketing season, farmers in important producing regions like Gujarat and Rajasthan greatly increased their cultivated fields. This growth in acreage exceeded…
Yesterday, the price of turmeric saw a slight decrease of -0.17%, ending at 17514, due to profit bookings after recent price increases. Prices had previously been supported by below-normal supply and strong festive demand, resulting in a bullish trade bias. Arrivals in main APMC markets were much fewer this year than the previous year, clearly…
Gold fell slightly yesterday, to settle at 65583, under the weight of a stronger U.S. currency and expectations for comments from the U.S. Federal Reserve Chair after the central bank’s policy meeting. With recent data indicating strong gains in U.S. consumer and producer prices, damping anticipation for early Fed rate cuts, the market anticipated clarity…
Prices for Jeera dropped by -0.64%, ultimately settling at 23,315 due to several variables affecting the dynamics of supply and demand in the market. Prices were affected by the notable rise in jeera acreage during the current rabi season, which in important producing states like Gujarat and Rajasthan reached a four-year high. Due largely to…
Early on Wednesday in Asian trading, oil prices began to decline as traders withdrew some of their capital following two sessions in which benchmarks surged to multi-month highs, dampening investor demand due to a stronger dollar. May delivery of Brent oil futures dropped 19 cents, or 0.2%, to $87.19 per barrel. The April delivery of…
According to trade data issued on Monday, India’s net sugar production decreased slightly to 280.79 lakh tons as of March 15 of the current marketing year, which began in October 2023. The Indian Sugar Mills Association (ISMA) released a statement saying, “Sugar production till 15th March 2024 in the current 2023-24 season reached 280.79 lakh…
With predictions of colder weather and higher heating demand over the next two weeks, natural gas saw a significant spike of 2.46% yesterday, closing at 141.7. This change in weather forecasts helped to boost market confidence, as did a persistent decline in U.S. output after petrol prices fell to a 3-1/2-year low in February. Due…
