As the dollar fell from a 12-week high due to improving risk sentiment in the financial markets, crude oil yesterday closed down by -0.26% at 6503. Gains overall were modest as the perception of tighter supply was countered by the possibility of loosening sanctions against Iran and Venezuela. After China announced additional measures to rescue…
On profit-taking yesterday, the price of turmeric dropped by -6% to $15204 due to the domestic demand remaining at its current level. The lack of export inquiries is expected to affect market sentiment. Together with a steep increase in prices, export demand has stalled. A further concern for turmeric crops that will limit the losses…
On expectations that demand will fall as the extreme heat wave that has been engulfing much of the central region of the country and Texas begins to subside, natural gas yesterday declined by -0.29% to 209.3. Extreme heat increases the quantity of gas burnt to generate cooling power, notably in Texas, which derives the majority…
Amid worries about decreasing output, cotton candy prices yesterday settled up by 0.17% at 59180. India sowed 122.56 lakh hectares of cotton in 2023 compared to 124.82 lakh hectares in 2022, a decrease of roughly -1.82%. According to figures provided by the Cotton Corporation of India, cotton arrivals for the current season, which began in…
As sluggish manufacturing activity harmed the outlook for global demand and the dollar remained strong, oil prices decreased marginally in early Asian trade on Friday, setting the stage for a weeklong loss. While U.S. West Texas Intermediate crude slid 18 cents, or 0.2%, to $78.91 per barrel, Brent crude dropped 16 cents, or 0.2%, to…
Jeera yesterday decreased by -0.55% to 56520 as a result of an improvement in the supply situation around the world. The drawback is, however, considered to be minimal because of the limited supply brought on by the wet weather. In the next few days, India’s export demand will decline as Syria and Jeera become more…
Yesterday, cotton candy declined -0.54% to close at 59380 as concerns about the economy of the natural fiber’s largest consumer, China, cast a shadow over expectations for demand. The next season (October 2023–September 2024) will likely see a 3% reduction in global cotton production, but consumption may remain unchanged, and ending inventories may be lower….
The price of turmeric yesterday increased by 0.04% to 16170 despite the market’s lack of access to high-quality products. Turmeric crops are under pressure due to ongoing sowing and crop progress as well as the prediction for drier weather in the southern and central areas. Although sowing activities are practically finished in Maharashtra and are…
Jeera yesterday decreased by -2.2% to 57915 as a result of an improvement in supply conditions around the world. However, the drawback is not as great as the supply is constrained by the wet weather. In the following days, the demand for Indian exports would decline due to cheaper prices for Syria and Jeera on…
On Wednesday, gold prices rose as a slight drop in the dollar and Treasury yields allowed bullion to stabilize close to a crucial $1,900 level ahead of a meeting of central bankers that was likely to reveal clues about the direction of interest rates. While American gold futures increased by 0.2% to $1,929.40 per ounce,…
