Short covering helped Jeera profit as prices fell and there were more opportunities for production

Prices for jeera saw a 0.68% recovery to close at 27295 due to short-covering after a decrease impacted by positive production outlooks in important regions like Gujarat and Rajasthan. The amount of land planted to jeera reached a four-year high during the current rabi season. Farmers increased their cultivation considerably in reaction to the record…

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Cotton fell as global consumption is expected to be lower than it was last month

Cotton prices, as indicated by Cotton candy, dropped by -0.63% to settle at 57020. Reduced predictions for global demand in 2023–2024 contributed to the decline, especially in major cotton-producing nations including Turkey, India, Indonesia, Pakistan, and Uzbekistan. In addition, a 2.0 million bale increase in world-ending stocks for 2023–2024 was caused by higher beginning stocks…

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soyameal

Domestic feed and food sectors’ consumption of soy in October–December decreased

During the first three months of the oil year 2023–24, beginning in October, soya bean offtake by the domestic feed and food sector has been slow. The feed sector consumed 18.5 lakh tones (lt) during the October–December period, according to the most recent figures provided by the Soybean Processors Association of India (SOPA). This is…

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Cotton Gains Despite Increased Foreign Prices, Supported By A Decline In Unsold Inventory

The price of cotton candy saw a decrease of -0.66%, ending at 57620. This was driven by an increase in prices abroad as a result of a reduction in unsold inventory and a depreciating US dollar. For the 2023–2024 season, the world cotton market experienced revisions to its consumption forecasts. India, Indonesia, Pakistan, Uzbekistan, and…

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Jeera Made Money On Low-Level Purchases After Prices Fell As A Result Of Increased Production

Low-level buying caused the jeera prices to rise sharply, 4.02%, to settle at 28350 following a recent decline ascribed to improved production forecasts in the major farming states of Gujarat and Rajasthan. The current rabi season saw acreage for jeera hit a four-year high, demonstrating a strong relationship between cultivated area and market pricing. Gujarat…

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Turmeric Increases Despite Lower Production Prospects and Tighter Market Stocks.

Prices for turmeric rose 5.99%, to $15,598. This increase was fueled by tightened supply, better export chances, and declining production expectations. Slower purchasing activity in advance of stock releases prior to the new crops scheduled to begin in January 2024 also provided assistance to the market. However, pressure from better crop conditions brought on by…

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