Over the previous week, the rupee was steady against the dollar. On Tuesday, it finished at 83.11, down from 83.16 the previous week. Despite difficulties including foreign outflows and rising crude oil costs, the value of the Indian rupee was unchanged. NSDL (National Securities Depository Limited) reports that over the previous week, there was a…
Turmeric saw a -1.51% dip, closing at 14830, as buying activity decreased in advance of stock releases prior to the start of new plantings. A further factor driving up prices was better crop conditions brought on by fortunate weather. Lessening production projections and tighter market stocks, however, limit the downside. There is clear support for…
The International Monetary Fund’s optimistic growth projection for the global economy in 2024 was met with strong performance from crude oil, which ended up 1.23% at 6478. Fears about the implications for the biggest user of crude oil in the world were stoked by this event. Regarding supply, for the most of 2023, Iran was…
India’s sugar production is expected to decrease by 4 per cent in the October 2023 to September 2024 season to 31,6 million tones from 32,9 million tones in the previous season as per the first estimate made by the AISTA (All India Sugar Trade Association). The production, with a range of plus or minus by…
A combination of factors boosting market optimism caused crude oil prices to close 0.28% higher at 6399. The market was infused with liquidity and hopes of an economic revival were reinforced by China’s recent stimulus announcements, especially the lowering of the reserve requirement for banks. One of the main factors driving the rising demand for…
During the first three months of the oil year 2023–24, beginning in October, soya bean offtake by the domestic feed and food sector has been slow. The feed sector consumed 18.5 lakh tones (lt) during the October–December period, according to the most recent figures provided by the Soybean Processors Association of India (SOPA). This is…
The price of cotton candy saw a decrease of -0.66%, ending at 57620. This was driven by an increase in prices abroad as a result of a reduction in unsold inventory and a depreciating US dollar. For the 2023–2024 season, the world cotton market experienced revisions to its consumption forecasts. India, Indonesia, Pakistan, Uzbekistan, and…
Rising production projections in Gujarat and Rajasthan meant that jeera prices stayed unchanged at 28350. With Gujarat and Rajasthan spearheading the expansion, jeera acreage reached a four-year high during the current rabi season. Gujarat saw a 160% increase in farming, surpassing the typical acreage of 3.5 lakh hectares to reach 5.60 lakh hectares. At 6.90…
The price of cotton candy experienced a little increase, closing 0.45% higher at 57500, driven by a decline in unsold inventory, a rise in international prices, and a weakening of the U.S. dollar. predictions of consumption for the 2023–2024 season were revised downward on the global cotton market, with a decrease of 1.3 million bales…
The optimistic developments in China’s policy support for its economy caused copper prices to marginally decrease by -0.05%, ultimately finishing at 729.5. China’s central bank gave a strong signal of support for the nation’s weak economy when it announced a significant reduction in bank reserves, bringing in approximately $140 billion to the banking sector. Furthermore,…
