Due to strong export demand and aggressive buying by stockists, jeera prices rose an amazing 5.91% throughout yesterday’s trading session, ultimately finishing at 26540. Due to limited global supply, Indian jeera is still chosen by consumers worldwide, albeit the upside was slightly constrained by the potential for more pressure from more entrants into the market….
The federal government authorized duty-free imports of yellow peas in early December with a target date of March 2024; this was later extended to April and finally June. It was a component of New Delhi’s involvement to lower the pulse basket’s overall pricing. The 50% tariff on yellow peas reportedly went into effect for the…
Due to expectations of increased demand over the next two weeks, natural gas saw a 4.02% increase in price yesterday, finishing at 186.3. The primary cause of this increase in demand was the increased feed gas to LNG export facilities, particularly with the reopening of Freeport LNG in Texas. A persistent drop in output has…
Jeera prices saw a 1.38% decrease during yesterday’s trading session, ultimately finishing at 24230. This was mostly because of market pressure from anticipation of higher arrivals. The drawback was minimal, though, since international consumers continued to favor Indian jeera despite dwindling supply worldwide. In Rajkot Mandi, the market saw a significant influx of 10000 to…
Several factors contributed to copper’s strong performance during yesterday’s trading session, which saw it close up 1.11% at 855.3. A weaker dollar aided the upward momentum after the release of negative U.S. jobs data and projection revisions indicating a reduction in supply due to mining disruptions. Concerns about supply were raised by the International Copper…
The Federal Reserve kept interest rates unchanged and admitted their efforts to reduce inflation have failed. This caused the price of gold to rise as it is seen as a hedge against inflation. The central bank also indicated that additional rate hikes are unlikely in the near future. The Fed’s recent comments were seen as…
Due to the statistical impact of a high base, the growth of “core sectors” decreased to 5.2% in March from 7.1% in February, according to figures issued by the trade ministry on Tuesday. On the other hand, the output of eight key industries increased sequentially in March by 9.9%, the highest rate in a year….
The Centre has reduced the windfall tax on domestically produced crude from Rs 9,600 per tonne to Rs 8,400 per tonne, effective immediately. The windfall tax remains unchanged at nil for diesel and aviation fuel turbines. Earlier on April 16, the government had increased the windfall tax from Rs 6,800 to Rs 9,600 per tonne….
Natural gas saw a 5.11% increase and ended up at 168.7 due to several variables that affected market dynamics. A decrease in output combined with more feed gas supplied to the Freeport LNG export facility raised market activity. Natural gas flow to U.S. LNG export facilities increased significantly, hitting a three-week high. Freeport LNG in…
Prices for cotton candy increased slightly by 0.55% to settle at 58660, driven by strong demand from major consumers such as Bangladesh and Vietnam for Indian cotton. Net sales for the 2023–2024 season increased significantly, according to the USDA’s weekly export sales report. These sales were up 79% from the previous week and 64% from…
