People were optimistic that the US President might cut tariffs. However, a strong US dollar prevented big gains. A Russia-led ceasefire is expected to start this week. Tensions between India and Pakistan, which have seen some of the worst fighting in years, also weighed on the market. While crude oil prices rose this week, concerns…
Jeera rose 0.11% to ₹21,805 on low procurement and stock shortage, but the rise was limited due to weak demand and adequate stock. Farmers still have about 20 lakh bags, and only 3-4 lakh bags are estimated to be traded by the end of the season, leaving 16 lakh bags to be carried forward. Production…
Oil prices rose slightly in Asian trade on Monday, despite concerns about heightened geopolitical tensions in Syria and falling demand. Crude prices suffered big losses last week due to weak demand, but they were offset by increased tensions between Israel and Lebanon, which put some risk premium on the price. And the trend is expected…
Cuminous seeds rose by 0.4% to ₹24,990 due to short covering, with farmers holding about 35% of this season’s supply and carrying over of 2 million bags for the coming season expected. Exports are expected to pick up in November and December. At $3,050 per tonne, cumin is still very affordable, especially compared to Chinese…
Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations last week’s outsized U.S. interest rate cut will support demand. Brent crude futures for November were up 60 cents, or 0.8% at $75.09 a barrel . U.S. crude futures for November were up 64…
Gold prices fell on Tuesday in Asian trade due to reduced geopolitical tensions in the Middle East, which weakened the appeal of the yellow metal as a safe haven. Gold prices are falling due to increasing rates and easing tensions in the Middle East. Traders are starting to remove risk premiums from commodity prices as…
