At the beginning of this month, wheat inventories in the central pool owned by the Food Corporation of India (FCI) and state agencies fell to 25 million tonnes (mt), the lowest level since 2008. In comparison to the buffered standard of 20.5 mt, estimations indicate that by October 1 the wheat stock will be about…
The likelihood that OPEC+ will vote to cut output caused oil to rise, and Europe’s energy situation got worse as the Group of Seven nations backed a proposal to attempt and limit the price of Russian crude. After falling by about 7% the previous week because of worries that demand would be harmed by slowing…
Early on Thursday, crude oil futures prices declined due to a modest expansion in the Chinese PMI (purchasing managers’ index). The information about the state of the U.S. market for crude oil also had an impact on futures pricing. On Thursday morning, October crude oil futures on WTI were trading at $89.25, down 0.34 percent,…
India is expected to declare that the country’s economy expanded by double digits in the first quarter of its fiscal year, primarily as a result of the base effect but also because of increased demand and consumer spending. Analysts predict that India’s GDP increased by up to 16% year over year in the April–June quarter…
WTI Crude Oil has recovered from $86 to $93 after Saudi Arabia said it will cut down production if the U.S.-Iran deal goes through. The deal will bring 1 million BPD oil to the market and before 17th Aug, crude was in free fall on fear of demand destruction because of the emerging recession and…
Export controls may be put in place for broken rice, which is utilised for both human consumption and as animal feed. According to sources, the restriction of enforcing an export tax is being taken into consideration.In the past few months, the price of broken rice in India has increased by about Rs. 3 per kg…
After the Kansas City Federal Reserve organizes one of the most significant economic conferences in Jackson Hole where Chairman Jerome Powell’s keynote address today will likely attract the most attention the next gold trigger would occur. This year’s symposium takes place at a crucial time compared to the previous three to four years because the…
India’s sugar exports are likely to decline to around 8 million tonnes (MT) in the next season starting October, compared with a record shipment of around 11.2 MT worth $4.6 billion in 2021-22. The drop is assigned to lower carry-forward stocks at the start of the season. Sugar prices in the global markets are firm…
Mandi In comparison to last year, tomato, onion, and garlic prices have significantly decreased as supplies have increased as a result of above-average monsoon rains in major production states like Maharashtra, Karnataka, and Andhra Pradesh. According to traders, given robust production and sufficient supply, prices of these important agricultural commodities are predicted to remain low…
The Indian Rupee is likely to trade in a rangebound manner on Wednesday amid mixed ideas. The range for the day as RBI ensures to keep the rupee within 80 levels is 79.70 to 80.00, according to forex analysts. Any trigger may lead to a breakout and set a target of 80.50-81.00 levels. In the…
