Natural gas fell as a result of record supply, ample storage, and low demand

With record production, abundant storage, and less demand, natural gas had a significant 5.25% decrease, ending at 223.9. Contrary to the predicted withdrawal, the U.S. gas storage system saw an unexpected 10 Bcf addition. This surprised the market, especially considering the large departure from last year’s numbers. The negative outlook was reinforced by weather predictions…

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Jeera plummeted due to suitable weather and sufficient soil moisture

A notable loss was experienced by jeera, or cumin, which dropped by -5.98% to close at 41475. The decrease is ascribed to excellent meteorological circumstances that facilitate sufficient soil moisture for agricultural sowing operations. As a result of stockists’ desire to purchase despite the recent price decline, the negative is lessened. An encouraging aspect of…

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Gains for cotton as CAI’s estimate of cotton production is reduced

Cotton candy prices saw a little increase of 0.07%, ultimately settling at 57240. This increase was mostly driven by the Cotton Association of India’s (CAI) revised downward projection of cotton production for the current 2023–2024 season. Concerns about decreased cotton output were exacerbated by the revision, which mentioned damage in Haryana caused by pink bollworm…

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