With a fourth consecutive week of closing up, natural gas is looking strong. However, for the bulls in the trade, prices have remained stagnant in the lower $2 level, scarcely moving the needle. On Friday, the front-month gas contract traded on the Henry Hub of the New York Mercantile Exchange settled at $2.266 per metric…
The Indian pulses industry has reiterated its call for the importation of yellow peas into the nation amid forecasts of a moderate El Nino, which is projected to cause decreased rainfall. At a conference held on Wednesday to review the availability and supply of pulses in the nation, the trade group India Pulses and Grains…
Crude soybean oil and crude sunflower oil are exempt from customs duty and the Agriculture Infrastructure and Development Cess for the next 50 days, with some restrictions. Crude soybean oil, whether or not it has been degummed, and crude sunflower oil, according to a notification from the Ministry, will be exempt “when imported into India,…
The future of the cashew sector is not so bright in 2023 due to a decline in worldwide demand and increased supplies. According to industry insiders, the previous year was difficult due to dropping exports, and the cashew industry anticipates that things may get worse this year as a result of a surge in the…
The price of gold is falling today, while the price of silver is down by 0.21%. Gold June futures were down Rs 146 or 0.24% to Rs 61,273 per 10 grams on the Multi Commodity Exchange. At Rs 77,290 per kg on the MCX, silver July futures were trading 166 rupees lower. According to Reuters,…
Jeera’s price increased due to strong export demand and forecasts of lower stock levels at the end of the current marketing year. Yesterday, however, prices decreased by -1.92% to 47340 as profit was booked. Prices increased as concerns about the crops grew as a result of hailstorms and unseasonal rains in Rajasthan, the main producing…
The U.S. debt ceiling standoff and other economic uncertainty helped silver close up 0.49% at 77456 yesterday as markets prepared for inflation figures that could affect the Federal Reserve’s interest rate policy. There is currently an 88.0 percent possibility that the Federal Reserve will maintain interest rates at its next meeting in June, according to…
Jeera (cumin) prices reached a new high of 48,420 rupees per quintal on NCDEX on Monday due to strong export demand and low supply. Before declining to 46,560 during the day, NCDEX jeera May futures reached a fresh high of 48,420. With gains of more than 3.4% on Monday, the seed spice led all gainers…
Steel rebar futures have been approved for release by SEBI on MCX, the nation’s biggest commodity exchange. The exchange stated that the launch date for the contracts would be disclosed separately. The trading unit will have a base value of one tonne and be 5 tonnes. The tick size will be $10 per tonne, and…
On poor demand and improving daily arrivals, castor seed yesterday decreased by -0.84% to 6024. The export of castor oil fell 14% year over year to 490 thousand tonnes between April 22 and January 23. The production of castor seeds in India is anticipated to rise by 15% to 19.46 lakh tonnes in 2022–2023. Markets…
