Cotton prices, as indicated by Cotton candy, saw a slight increase of 0.04%, ultimately reaching 56180. The Cotton Association of India (CAI) has not altered its pressing forecast of 294.10 lakh bales weighing 170 kg apiece for the 2023–24 season. Market arrivals, imports, and opening stocks made up the 92.05 lakh bales total supply that…
With the United States producing an expected 13.3 million barrels of crude oil per day, the price of crude oil fell by -1.39% to settle at 5943. Oil prices were further pressured by this increase in crude output, which was up 200,000 barrels per day from the previous week. The downward pressure was also fueled…
Profit booking after previous gains caused cotton prices, as represented by Cottoncandy, to somewhat drop, ending at 56160. Market attitude was influenced by the Cotton Association of India (CAI) maintaining its pressing forecast of 294.10 lakh bales for the 2023–24 season. With market arrivals, imports, and opening stocks included, the total supply was anticipated to…
Tuesday’s increase in gold prices followed several days of high gains in 2023, as traders welcomed the possibility of an early 2024 Federal Reserve interest rate decrease. The market greeted the Fed’s dovish signals with open arms, increasing betting that the bank may start reducing rates as early as March 2024. Spot prices of the…
Prices for jeera fell sharply, by -5.6%, to settle at 29260, primarily due to increased production forecasts in Gujarat and Rajasthan. Short-term price pressure is being caused by Gujarat’s aggressive Jeera seeding as well as a decrease in exports. Thanks to the excellent weather, sowing operations have gone smoothly. According to the most recent data,…
The minimum export price (MEP) for all agricultural products is “strictly” not planned, the administration announced on Friday. Department of Commerce’s Additional Secretary, stated that the government has no plans to investigate the export of any agricultural products. Just to be clear, the government does not intend to assess all agricultural products from an export…
Due to profit-taking after recent advances, cotton candy saw a small decrease of -0.32%, ultimately finishing at 56240. In order to influence market dynamics, the Cotton Association of India (CAI) kept its pressing forecast for the 2023–24 season at 294.10 lakh bales. The President of CAI said that opening inventories, imports, and market arrivals were…
Prices for jeera (cumin) saw a notable drop of -5.99% to close at 31695, which was ascribed to promising production prospects in Gujarat and Rajasthan. The growth in Jeera seeding, especially in Gujarat, was notable as it jumped by 102% to 544,099.00 hectares. Cumin cultivation increased by 13% in Rajasthan to 6.32 lakh hectares. The…
The price of cotton, depicted as cotton candy, increased slightly by 0.07% to settle at 56420. Based on information from trade sources and state associations that cultivate cotton, the Cotton Association of India (CAI) kept its pressing estimate for the 2023–24 season at 294.10 lakh bales. With market arrivals, imports, and opening stockpiles included, the…
Copper prices increased by 0.91% to close at 739.3, supported by strong demand and mounting worries over supply interruptions. The optimism was bolstered by industrial profit improvements in China, the world’s largest metals user, as well as hopes of Chinese economic policy support amidst concerns about supply interruptions owing to Red Sea shipping restrictions. The…
