With a peak sale of 0.48 in the weekly e-auction for bulk buyers, the government’s open market sale scheme (OMSS) of wheat from the Food Corporation of India (FCI) storage on Wednesday exceeded a record 8.48 million tonne. The wheat stock at FCI is at 11.93 , the lowest since 2016.Based on an assessment, the…
As worries about demand in the greatest economy in the world arose due to data showing that U.S. crude stocks increased significantly more than anticipated, oil prices dropped in early trade on Thursday. At 01:35 , U.S. West Texas Intermediate crude prices dropped 36 cents, or 0.5%, to $76.28 a barrel, while Brent crude futures…
Yesterday, turmeric prices edged higher by 1.06% to settle at 14898 as inflows eased in the spot market. Although the supply of turmeric has been low in recent times, its demand is expected to increase during the festive season. Another factor that increases costs is better farming conditions due to favorable weather. Also, talks have…
Early on Wednesday in Asian trading, oil prices dropped as investors reduced their expectations of a U.S. Federal Reserve interest rate cut and a U.S. industry organization reported that crude stocks increased more than anticipated last week. When the market started at 0000 Brent futures dropped 29 cents, or 0.4%, to $82.48. West Texas Intermediate…
Price declines of -0.07% were observed in cotton candy yesterday, with the main cause being profit bookings following recent advances. The cotton candy price closed at 58560. Initial price increases were caused by worries about supply dynamics and long-term cotton use. All the same, the most recent U.S. cotton balance sheet shows lower ending stocks…
A lower expectation for heating demand, near-record output, enough fuel in storage, and falling worldwide petrol prices were some of the factors that contributed to natural gas’s notable reduction of -7.48%, which eventually settled at 139.7. Low gas flows to U.S. LNG export facilities, mostly as a result of the liquefaction unit closure at Freeport…
According to a report released on Monday by the trade association Solvent Extractors’ Association of India (SEA), imports of edible oils—palm, soya bean, and sunflower—were down 23% to 3.64 million tones during the first quarter of the 2023–24 oil year (October–September) when compared to the same period the previous year. The nation imported 1.2 million…
The mild winter weather, recent disruptions at LNG export plants, and a surge in production all contributed to the decline in natural gas prices, which closed at 151, down -1.82%. Analysts predict that due to the difficult market conditions, some producers may reduce their gas drilling operations. According to Baker Hughes, the number of gas…
Yesterday, jeera prices fell sharply by 2.5 percent, closing at 26545. This was mostly caused by increased production expectations in Gujarat and Rajasthan, two important cultivation regions. In reaction to record prices seen in the previous marketing season, farmers increased their cultivation areas, resulting in a four-year high in jeera acreage for the current rabi…
China, a major user of zinc, is experiencing a slowdown in demand and the economy, which is reflected in the current downward trend in zinc prices, as was demonstrated by yesterday’s 1.07% drop to settle at 207.6. Setbacks in the Russian zinc market, particularly the production delay at the Ozernoye mine as a result of…
