Soybean supplies have fallen by 15% in the first two months of the 2024-25 oil year as farmers have held back their crops in anticipation of better prices. Prices have fallen below the minimum support price of ₹4,892 to less than ₹4,200 per quintal. As global supplies of soybeans are increasing, so are prices due…
Jeera prices rose by 0.48% to ₹24,080 as major states Gujarat and Rajasthan, which are major producers of jeera, sowed the seeds late due to late sowing. As of November 25, jeera cultivation in Gujarat was recorded in only 57,915 hectares, a huge decline from 2.44 lakh hectares in the same period last year. Additionally,…
Natural gas prices fell 0.12% to ₹258.7 on rising production pressure and forecasts of milder weather. In December, U.S. gas production in the Lower 48 states increased to 102.3 billion cubic feet per day (bcfd), below the record of 105.3 bcfd set in December 2023 but above the November average of 101.5 bcfd. Futures prices…
Oil prices were little changed on Tuesday. Because oil production is expected to suffer due to strong supply prospects and rising tensions in the Middle East. Brent crude futures for December delivery were up 7 cents, or 0.1%, at $71.77 a barrel. West Texas Intermediate crude futures for November delivery were up 8 cents, or…
Gold prices surged to record highs in Asian trade on Monday despite easing bets on U.S. rate cuts. The demand for the yellow metal remained strong due to safe-haven interest, and investors are looking for further cues on the U.S. economy. Spot gold rose as much as 0.7% to a record high of $2,353.81 an…
Due to the small depreciation of the US dollar and the increasing tensions in the Middle East, gold prices surged to almost one-week highs on Monday. As of 03:35 , spot gold was up 0.4% at $2,021.09 an ounce, reaching a peak not seen since February 13. Additionally, U.S. gold futures increased 0.4% to $2,032.40…
At Unjha (Gujarat), the center of the trade, the average mandi prices of cumin seeds (jeera) have dropped by 50%, from Rs 600/kg in October to Rs 300/kg. According to traders, the dip was caused by expectations of a record crop. much though jeera is starting to arrive in the mandis, the peak of arrivals…
