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…
Early Asian trading on Monday saw a tiny increase in oil prices as concerns about a U.S. recession that had caused prices to fall for three weeks in a row for the first time since November started to fade. Brent crude prices were up 6 cents at $75.36 per barrel. West Texas Intermediate (WTI) oil…
Major producers of edible oils, including Adani Wilmar and Emami, have started lowering the cost of their most popular products as a way of passing on the benefits of the decline in prices elsewhere to customers. At a meeting with business organisations last week, the food ministry pushed producers to lower costs. The maximum retail…
The price of gold is trading unchanged on Friday, while the price of silver is up 0.23%. Gold June futures were selling at Rs 61,469 per 10 grams on the Multi Commodity Exchange, down Rs 24 or 0.04%. On the MCX, silver May futures were trading at Rs 78,220 per kilogram, up Rs 182. Globally,…
After prices increased amid growing crop concerns due to unseasonal rains and hailstorms in Rajasthan, the main producing state, jeera yesterday settled down by -0.15% at 45490 as a result of profit taking. Demand from domestic and international purchasers has increased as a result of the market’s expectation of a lower yield and quality of…
The price of zinc yesterday increased by 0.67% to 234.1 because the International Lead and Zinc Study Group (ILZSG) predicted that the global market for refined zinc will likely have a deficit in 2023. The ILZSG predicted that in 2023, there will be a shortage of only 45,000 tonnes, as the demand for refined zinc…
The price of natural gas yesterday decreased by -4.48% to settle at 181.3 as drillers continue to extract record amounts of gas from the ground while the heating demand is reduced by the seasonally warmer weather and by units closing for spring maintenance. Average gas production in the Lower 48 States of the United States…
In comparison to its predictions made in December 2022, the International Cotton Advisory Committee (ICAC) Tuesday reduced its outlook for cotton prices globally. According to ICAC’s May projection, the season’s average price is expected to range between 96.1 and 111.3 cents per pound, with 102.77 cents being the middle. This is less than the midpoint…
