The performance of the Jeera market recently indicates a complicated interaction between supply-side dynamics, worldwide demand patterns, and technical indications that affect price changes. Jeera prices saw a significant 1.02% climb yesterday, closing at 24365, spurred by moderate purchasing following a prior decrease associated with forecasts of stronger production during the current rabi season in…
Gold had a 0.24% increase, ultimately closing at 62301, as bond yields and the US dollar declined. In order to get insight into prospective interest rate adjustments, investors eagerly await a significant inflation data and remarks from Federal Reserve officials. This week, there are ten lectures by Fed members slated to take place. China’s net…
With producers actively working to reduce output in the face of a difficult market, natural gas saw a significant increase of 3.7%, ultimately settling at 151.2. A dramatic drop in prices prompted Chesapeake Energy and other major gas producers, such as Antero Resources, Comstock Resources, and EQT, to announce large reductions to their 2024 output…
Concerns over supply and continued cotton usage drove cotton prices, as represented by Cottoncandy, to register a significant increase of 1.21%, ultimately settling at 61660. In contrast to the previous month, the U.S. cotton balance sheet for 2023–2024 revealed lower ending stocks due to greater exports and less mill use, while output stayed constant. A…
In early Asian trading on Wednesday, oil prices fell as rumors of extensions to OPEC+ output restrictions countered the positive impact from the possibility of a postponed U.S. rate-cutting cycle. By 0110 U.S. West Texas Intermediate crude futures (WTI) were down 35 cents, or 0.44%, to $78.52 a barrel, while Brent crude futures slid 38…
The International Lead and Zinc Study Group (ILZSG) reported that zinc prices saw a small increase of 0.16%, culminating in a closing price of 214.55. This increase was attributed to an increase in the global zinc market deficit. The information showed that in December 2023, there was a 62,600 metric tonne shortfall, up from 53,500…
Motivated by dwindling supply in the spot market, turmeric prices spiked by 2.38% during yesterday’s trading session, ultimately finishing at 15666. Sluggish purchasing activity on expectations of stock releases ahead of the new harvest season, however, limited the rise. In the near future, it is anticipated that tighter ending stockpiles and the expectation of a…
Prices for jeera (cumin) saw a sharp decline during yesterday’s trading session, falling by -3.36% to settle at 25335. This decline was mostly caused by expectations of increased output in Gujarat and Rajasthan, two important cultivating regions. This year’s rabi season saw farmers in Gujarat and Rajasthan significantly increase their jeera cultivation, bringing the acreage…
U.S. West Texas Intermediate (WTI) crude futures increased by 15 cents, or 0.2%, to $77.73 a barrel, while Brent crude futures increased by 16 cents, or 0.2%, to $82.69 a barrel. On Monday, both benchmarks had settled more than 1% higher. Houthis affiliated with Iran have persisted in their attacks on ships in the Red…
Monday’s Asian trading saw a pullback in gold prices, which were still comfortably within a recent trading range as concerns about longer-term, higher U.S. rates increased ahead of important economic data. gold futures expiring in March dropped 0.4% to $2,041.85 an ounce, while spot gold declined 0.2% to $2,032.32 an ounce. Since higher rates increase…
