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…
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 are expected to rise on the back of warmer weather. Natural gas prices rose 3.63% to ₹271.5. Demand increased on higher feedgas volumes from LNG export facilities, averaging 14.2 billion cubic feet (bcfd) in early December, up from 13.6 bcfd in November. Production in the 48 states increased from 101.5 bcfd in…
For the first time, Brazil has surpassed the United States in cotton production and exports, setting a historic record. Thanks to favorable prices and low production costs, Brazil’s cotton acreage is expected to reach a record high of 1.97 million hectares in 2024-2025. With a decline in production in India and an increase in global…
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 rose on Monday amid expectations of a US interest rate cut this week. Brent crude futures for November delivery were up 15 cents, or 0.2%, at $71.76 a barrel. U.S. for October Crude rose 23 cents, or 0.3%, to $68.88 a barrel. Concerns about supply disruptions and US rig count showed a weekly…
Oil prices rose on Friday due to production disruptions in the US Gulf of Mexico. Brent crude futures were up 32 cents, or 0.44%, at $72.29 a barrel. U.S. West Texas Intermediate crude futures were up 34 cents, or 0.49%, at $69.31 a barrel. While Brent crude fell below $70 a barrel on Tuesday for…
In a note released on Friday, OPEC+ revised its forecast for oil production, expecting output for the three months starting in December to rise from October. OPEC+ announced on Thursday that it has decided to postpone a planned increase in oil production until October and November, following crude prices that hit a nine-month low. If…
With investors evaluating increased OPEC+ production from October against a significant decline in Libyan supply despite weak demand in China and the US, the two largest oil users in the world, oil prices continued to decline on Monday. U.S. West Texas Intermediate crude dropped 50 cents, or 0.7%, to $73.05 a barrel, while Brent crude…
