The World Bank predicted on Wednesday that after this year’s 60% increase in response to Russia’s invasion of Ukraine, energy prices will fall 11% in 2023. However, slower global development and Covid limits in China could cause a deeper fall. In its most recent Commodity Markets Outlook, the bank predicted that the price of Brent…
Considering that this asset class offers considerable diversification from conventional equities and debt investments, the custom of purchasing gold for Diwali appears to have been carefully considered. Gold is a haven in unstable economic times. Along with being a hedge against inflation, it can also provide some protection against rupee devaluation, which is particularly important…
Oil prices decreased on Wednesday as reports from the industry revealed that U.S. oil stockpiles increased more than anticipated, but losses were restrained by supply concerns. After closing 26 cents higher the day before, December Brent crude futures were down 72 cents, or 0.8%, at $92.80 a barrel. West Texas Intermediate (WTI) crude for the…
Under the strain of arrivals, soyabean and groundnut prices may decrease to the MSP (minimum support price) levels set by the Center by Diwali, according to Ajay Jhunjhunwala, President of Solvent Extractors’ Association of India (SEA).The circumstance, according to Jhunjhunwala in his letter to the SEA members, will have a negative effect on farmers and…
As chickpea (chana) prices have mostly remained below the minimum support price (MSP) levels of 5,230 per quintal this year, farmers in central India are expected to migrate over to planting greater acreage under wheat. The most common price at which transactions are made for chana is currently between Rs. 4,000 and Rs. 4,500 per…
As the Guatemalan crop floods the Gulf region at reduced rates, Indian cardamom is losing its flavour on the export market. This has made it easier for GCC nations to purchase more Guatemalan cardamom, which is now going for $5–12 a kg compared to $10–18 in India, depending on the grades. M. Dhanavandhan, a cardamom…
Steamed rice has undergone some processing in the form of steaming before being made available for sale, according to the Food Corporation of India (FCI), which has informed the Food Ministry. Exporters should be relieved after shipments of steamed rice were stopped because Customs officials believed it to be non-basmati white rice and demanded payment…
Even as excessive rains continue to harm the Kharif crops in important growing regions, the government is attempting to accumulate inventories of imported pulses, primarily tur and urad, to supplement supply and prepare for potential future market interventions. For the delivery of imported tur at designated warehouses in Chennai, Nhava Sheva, Kandla, and Mundra, Nafed…
As the demand picture worsens and the global economy experiences issues as a result of rising interest rates, analysts who follow commodities predict that metal prices will likely be under pressure for the remainder of the year. A further drag on metal prices, which have been falling over the past few weeks, is China’s efforts…
The Minimum Support Price (MSP) for wheat has been set by the Central Government at Rs. 2,125 per quintal, an increase of 5.5% from the previous year. Even though the new MSP is more than the typical amount farmers earned during the height of the previous season, it is still less than the going prices….
