Natural gas prices dropped by -0.47% to 272.6 on MCX due to abundant supply, near-record production levels, and forecasts of milder weather. Output in the Lower 48 states averaged 107.5 billion cubic feet per day in September, down from the August record of 108.3 billion cubic feet per day. Production dropped to a preliminary eight-week…
Natural gas prices rose by 1.86% to ₹273.9 due to declines in output and increased flows to LNG export plants. Freeport LNG’s plant in Texas is expected to return soon, bolstering export capacity. Despite forecasts of lower demand and abundant gas in storage, prices remain firm. Average gas output in the Lower 48 states fell…
Oil prices in Asian trade rose on Monday due to optimism over tighter supplies and heightened uncertainty over the Russia-Ukraine war. OPEC+ agreed to raise production in October at a slower pace than in previous months, raising output by 137,000 barrels per day. Brent oil futures for November rose 0.6% to $65.90 a barrel, while…
Crude oil prices fell by -2.63% to 5,634 as traders positioned cautiously ahead of the OPEC+ meeting, which may decide on further production hikes from October. The group, which accounts for about half of the world’s oil supply, is considering unwinding another layer of output cuts, amounting to 1.65 million barrels per day, more than…
Turmeric prices dropped by -2.21% at 12,230 due to higher acreage expectations. Monsoon conditions have supported timely sowing, with estimates suggesting a 15-20% increase in turmeric acreage. For the 2024-25 season, cultivation has reached 3.30 lakh hectares, a 10% increase from last year. However, farmer-held stocks in Warangal are nearly exhausted, and no fresh arrivals…
India is set to purchase a record volume of cotton from farmers in the new season due to weaker demand and cheaper imports. The government raised the minimum support price (MSP) by 7.8% to ₹8,110 per 100 kg, but market prices remain around ₹7,000. The Cotton Corporation of India (CCI) is preparing to buy unlimited…
Jeera futures fell by 0.74% to 19,320 due to weak domestic and export demand. Foreign buyers remain inactive, and comfortable stock levels and tepid overseas interest are keeping prices under pressure. Farmers hold around 20 lakh bags of cumin, but only 3-4 lakh bags are expected to be traded before the season closes. India’s cumin…
Natural gas prices fell by 4.88% to 235.9 due to strong supply and limited demand triggers. Despite hotter-than-average summer conditions, record output has kept the market well supplied. Production in the Lower 48 states averaged 108.1 billion cubic feet per day (bcfd) in August, slightly above July’s 107.9 bcfd. However, daily output briefly dipped to…
Global production trends influence India’s cotton and cotton oil market in August 2025. The country’s kharif cotton sowing is largely complete, with strong monsoon rains supporting crop growth and soil moisture. India’s dependence on global supply is evident, with imports from Australia, the U.S., Brazil, and Egypt increasing to $1.2 billion. China’s cotton production is…
Jeera futures closed 0.70% higher at 19,370, following weakness due to subdued domestic and export demand post the retail season. The downtrend was largely due to comfortable supply levels, limited foreign buying, and tepid trade activity. Farmers hold around 20 lakh bags, but only 3-4 lakh bags are expected to be traded before the season…
