Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
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…
Oil prices increased on Thursday on mounding supply force concerns among disruptions to Russian exports, the probable for major producers to cut output, and the limited closure of a U.S. refinery. Brent crude increased 59 cents, or 0.6%, to $101.81 a barrel, while U.S. West Texas in-between crude was up 42 cents, or 0.4%, at…
WTI Crude oil futures ended the last week 1.4% lower and closed at $90.77 per bbl, amid rising concerns of a global economic slowdown. Recession fears continue to spend pressure on energy markets, with Fed minutes a generating commitment to drop inflation to the 2% target range. U.S. crude stockpiles drop by 7.06 million barrels in…
Gold prices edged higher on Tuesday in the global markets after striking a near one-month low in the last session, helped by a slight pullback in the dollar although remaining worries over further hostile U.S. interest rate stroll kept the rise in check. Spot gold was up 0.2% at $1,738.90 per ounce, after striking its…
Gold prices fall over to a three-week low on Friday in the global markets and were heading for their first weekly decline in five, as a stronger dollar and prospects of more rate rises by the U.S. Federal Reserve dented its appeal. Gold contracts were trading 0.3% lower on the Multi-Commodity Exchange (MC-X) at Rs.51,451 per…
India’s government is analyzing a slower retirement of maturing coal-fired power plants as it also adds newer sites, a move that would keep fossil fuel capacity higher for years and potentially stall efforts to hit climate goals. Officials are considering a proposal to shutter less than 5GW of existing capacity by the end of the…
India’s demand for petroleum products like petrol and diesel will grow by 7.73% in 2022, the fastest speed in the world, an OPEC report said, India’s demand for oil products is projected to rise from 4.77 million barrels per day (BPD) in 2021 to 5.14 million BPD in 2022, OPEC said in its monthly oil…
The Central government is aiming at reducing import dependence on palm oil by 25 to 30% through the production of 2.8 million tonne (MT) of oil by 2030 under the National Edible Oil Mission. Currently, around 0.35 million hectare (MH) is under palm plantation. Under the mission launched last year, an additional area of 0.65…
The supply of coal to electricity generating plants increased by 17.09 percent to 58.45 million tonnes in July due to a rise in power demand, the government data said. The government in the last few months has taken various measures to ensure the sufficient availability of coal for power stations. The total coal dispatch to power utilities…
Gold prices struggled for momentum on August 10 in the international markets, as investors refrained from making big bets ahead of U.S. inflation data, which is expected to influence the pace of Federal Reserve rate hikes. Today morning the gold contracts were trading 0.24 percent lower on the Multi-Commodity Exchange (MCX) at Rs. 52,361 for 10 grams…
