In anticipation of an increase in local supplies, the price of turmeric yesterday decreased by -0.28% to 7956 as profit was booked. Additionally, traders are displaying less interest at current price levels and refraining from bulk purchases in anticipation of a decrease in pricing. Given that farmers in Maharashtra and Telangana are receiving a fair…
On expectations of stimulus measures from major metals customer China, zinc yesterday finished up by 0.61% at 215.7. In order to stimulate the economy, China is probably going to further reduce bank reserve requirements and interest rates in the second half of this year. Investors also predicted Beijing would introduce supporting measures shortly to boost…
Jeera yesterday increased by 1.26% to settle at 47980 as a result of strong export demand and projections for fewer supplies at the end of the current marketing year. Due to Rajasthan’s unseasonal rains and hailstorms, the state that produces the majority of the crops, prices increased as crop worries grew. Due to increased demand…
In anticipation of an increase in local supplies, the price of turmeric yesterday decreased by -0.55% to 7978 as profit was booked. Additionally, traders are displaying less interest at current price levels and refraining from bulk purchases in anticipation of a decrease in pricing. Given that farmers in Maharashtra and Telangana are receiving a fair…
Aluminium yesterday increased by 0.73% to close at 205.65, buoyed by expectations that China will provide stimulus to bolster economic development and restore its struggling real estate market. Following a report by state-owned media, investors also anticipated China will significantly reduce banks’ reserve ratios and interest rates in the second half of this year to…
Nat Gas yesterday increased by 2.95% to settle at 191.8 due to the prediction for hotter-than-normal weather in mid-to-late June, a decline in U.S. daily output, higher exports to Mexico, and low wind energy requiring generators to use more gas to make electricity. The price hike occurred despite maintenance-related decreased gas flows to liquefied natural…
Due to reduced production prospects and a delayed monsoon projection, turmeric yesterday settled up 2.9% at 8022. In anticipation of a price decline, traders are however also displaying less interest in the current price levels and refraining from bulk purchasing. Given that farmers are receiving a fair price for their produce, supplies in Maharashtra and…
On Wednesday, the gold price barely changed as the markets braced themselves for a Federal Reserve meeting, while copper prices continued their recovery from six-month lows. The dollar suffered this week due to disappointing U.S. economic statistics, which led to speculation that the Fed wouldn’t have enough room to continue rising interest rates. This led…
On Wednesday, oil prices plummeted in Asian trading as disappointing Chinese trade data fueled new worries about weakening demand in the nation. Prices have now completely reversed all gains from earlier this week due to OPEC production cutbacks. In May, China’s trade surplus hit a 13-month low, primarily due to a surprising decline in exports…
Tuesday saw a little decline in oil prices as traders gave up the majority of the gains made the previous session in the wake of Saudi Arabia’s declaration that it will further reduce the output, of the world’s largest exporter. At $76.48 a barrel, Brent crude futures were down 23 cents, or 0.3%. American West…
