The National Commodity and Derivatives Exchange’s (NCDEX) Jeera July contract prices just crossed the 52,000 mark, signalling a strong bullish trend in the market. This price increase is the result of a number of fundamental issues. The reduced production levels seen over the last two years are one of the main factors affecting the jeera…
The lowest commodity prices since March 3, improved economic indicators, foreign money inflows, and the Indian rupee all contributed to its best week since that date. The local rupee was helped by the broad-based decline in the value of the dollar following the Fed’s rate-pause announcement. According to the official data, there have been over…
According to its top management, industry heavyweight Tata Steel expects to spend a combined Rs 16,000 crore on capital projects for its domestic and international operations during the current fiscal year. According to the company’s CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee, Tata Steel has allocated Rs 10,000 crore…
As the Kharif sowing acreage is anticipated to decline during the current season, turmeric prices yesterday increased by 2.01% to 8832. The expected drop in Maharashtra’s sowing area is between 10% and 20%. The acreage is anticipated to drop by 10% to 15% in Tamil Nadu (NS: TNNP). A reduction in acreage between 18% and…
In anticipation of increased crude demand from Chinese refineries, crude oil yesterday finished up 0.72% at 5877. According to data, China’s throughput at oil refineries increased by 15.4% in May compared to the same month last year, making it the country’s second-highest monthly total ever. According to the International Energy Agency’s (IEA) most recent Oil…
The price of gold yesterday increased by 0.1% to 59355 as traders analyzed the most recent changes to monetary policy. The Federal Reserve stopped it’s tightening drive but made a suggestion that interest rates might rise again this year. At the same time, the ECB announced a further 25 bps increase in borrowing costs and…
Jeera’s price increased due to strong export demand and forecasts of fewer stockpiles at the end of the current marketing year. Yesterday, however, prices decreased by -1.24% to 49265 as profit was booked. Prices increased as concerns about the crops grew as a result of hailstorms and unseasonal rains in Rajasthan, the main producing state….
On improving sowing expectations, mentha oil yesterday decreased by -0.4% to 921.1. Prices will be affected by news of increasing acreages and slow menthol exports. Prices will be under pressure due to rising menthol imports and China’s restricted purchase. Menthol shipments fell by 42.52 percent to 97.85 tonnes in April 2023 from 170.22 tonnes in…
The largest hydropower business in India, NHPC Ltd., is in discussions with three of the top banks in Japan about financing its growth into solar energy. According to finance director Rajendra Prasad Goyal, NHPC is in talks with Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and the Japan Bank for International Cooperation…
Due to strong export demand and anticipation of lower stock levels at the end of the current marketing year, jeera yesterday finished up 0.7% at 49885. Prices increased as crop worries grew as a result of Rajasthan, the state that produces the majority of the crops, experiencing unseasonal rains and hailstorms. This season, the market…
