Gold prices rose 1.22% to ₹97,251 on concerns over US trade deals and government spending. The US dollar weakened as investors worried about the government’s big spending and tax cut plans, which could lead to more borrowing. This made investors move their money into safe-haven assets like gold. Many expect the Federal Reserve to cut…
Jeera futures settled at 20,115, boosted by export inquiries and easing geopolitical tensions. Indian farmers hold around 20 lakh bags of cumin, with only 3-4 lakh expected to be traded by season-end. India’s cumin production is estimated at 90-92 lakh bags, lower than last year’s 1.10 crore bags. Production in Gujarat and Rajasthan is pegged…
The Soybean Processors Association of India (SOPA) expects a 5% decline in soybean sowings this kharif season due to low soybean prices for the past two years. Many farmers are switching to crops like cotton, arhar and maize, which can yield better returns. Although the monsoon rains were on time, some farmers in Madhya Pradesh…
Oil prices fell in Asian markets on Monday as concerns about Middle East supply problems began to fade. The main reason for the decline was an expected increase in OPEC+ oil production. Traders had previously reduced the “risk premium” they had added due to tensions between Iran and Israel. Now that those tensions have eased…
Turmeric prices rose by 1.2% to 14,000 due to increased acreage during the current sowing season. Monsoon conditions are encouraging farmers to expand turmeric cultivation, with an estimated 3.30 lakh hectares for the 2024-25 season. However, untimely rains and crop rot issues may reduce yields by 10-15%. Market arrivals remain steady, with 13,660 quintals reported,…
Natural gas prices fell by 3.34% to 300.9 due to rising output, strong inventory builds, and reduced LNG exports. Despite hotter-than-usual temperatures in the U.S., production in the Lower 48 states averaged 105.5 billion cubic feet per day (bcfd) in June, slightly higher than in May. The key weight on prices is the growing storage…
Jeera prices have rebounded by 1.9% to 19,610 per quintal, driven by short covering after weak post-retail season demand. Traders reported subdued momentum in both domestic and export markets, with foreign buyers remaining largely inactive. Market sentiment remains cautious due to ample supplies and sluggish export activity. Farmers hold around 20 lakh bags, with only…
Gold prices were mostly unchanged in Asian markets on Thursday. Low interest rates provided some support to a weaker US dollar after the president criticized the Federal Reserve chairman. Earlier this week, gold prices fell sharply due to the ongoing ceasefire between Israel and Iran. The peace deal has dampened demand for safe-haven assets like…
Cottoncandy prices rose by 0.55% to 53,500, despite an upward revision in India’s cotton production estimate. The Cotton Association of India (CAI) revised the production forecast slightly higher to 291.35 lakh bales, primarily due to improved yields in Odisha. However, 8 lakh bales lowered consumption estimates to 307 lakh bales, and exports were revised down…
Gold prices fell 2.38% to ₹97,023 as investors questioned how long the ceasefire between Iran and Israel would last. Fresh reports of missile strikes and military action have re-ignited concerns, leading to uncertainty over the ceasefire. Another reason for the decline was that the US Federal Reserve chairman said in a speech that while inflation…
