Crude oil prices dropped 1.62% to settle at 6363, which was caused by the OPEC+ meeting being rescheduled for November 30. The delay resulted from Saudi Arabia’s discontent with other members’ production levels, which at first raised concerns about possible supply cuts. Significant news showing a 9 million barrel increase in U.S. crude inventory, over…
Prices for natural gas fell by -1.16% to settle at 238.7. The main causes of this fall were record supply, high storage levels, and low demand. By mid-November, US petrol stockpiles were already 6% above average, and by November 17, they should be 7% above average. High natural gas output and milder winter temperatures, which…
Jeera prices had a 0.5% increase, culminating at 45830, propelled by low-level purchasing after a recent decline in value. It is anticipated that excellent weather and sufficient soil moisture will increase total jeera sowing activity. Due to the recent price decline, stockists are exhibiting a desire to purchase, which is leading to short covering. However,…
A weaker dollar and positive expectations for rising demand propelled zinc’s slight advance of 0.35%, which saw it settle at 227.95. With the central bank and financial authorities promising to provide funding and handle local government debt issues, Chinese officials gave the country’s real estate industry a boost. With a total debt of 92 trillion…
Prices for cotton candy saw a little decrease of -0.45%, ultimately finishing at 56960. This was ascribed to profit booking following previous gains. The Cotton Association of India (CAI) has estimated that reduced planted acres and the influence of El Niño weather conditions will cause India’s cotton production for 2023–2024 to decline by 7.5% to…
On November 17, oil prices surged by over 4%, recovering from a four-month low reached the previous day as investors who had placed short positions cashed in and as assistance was provided by US penalties on certain Russian oil shippers. West Texas Intermediate (WTI) crude saw a gain of $2.99, or 4.1 percent, at $75.89,…
The government said on Thursday that, as part of its efforts to control retail prices by dumping food grains on the open market, it has sold 2.84 lakh tons of wheat and 5,830 tons of rice from its buffer stock to 2,334 bidders through an electronic auction. 3 lakh tons of wheat and 1.79 lakh…
Turmeric prices fell -0.77% to $13420, with the slow buying activity leading to stock releases prior to the arrival of the fresh crops in January 2024. Nevertheless, the possibility of yield losses from unfavourable weather limits the downward pressure. The current crop conditions are favourable, and the harvest is anticipated to take place in January…
Prices for cotton candy, which had previously been supported by variables impacting India’s cotton production, were at a halt at 57340 due to profit booking. According to projections, less planted acreage and the effects of El Nino weather will cause India’s cotton production to drop by 7.5% to 29.5 million bales in 2023–2024. According to…
Following previous support from India’s predicted 7.5% reduction in cotton production for 2023–2024, profit booking caused the cotton market to marginally decline by -0.28% to settle at 57340. This drop was caused by elements like reduced planted areas and the effects of El Nino weather. The Cotton Association of India (CAI) predicts that imports would…
