Turmeric fell as more people from Maharashtra’s Marathwada region are predicted to arrive
The anticipated fresh entrants from the Marathwada region of Maharashtra are the main reason behind yesterday’s –0.87 % decrease in turmeric prices, which closed at 19,386. Due to below-average supply and strong festive demand, the negative effects were, nevertheless, minimal. Major fresh crop arrivals were reported in several regions, including Nanded, Nizamabad, and Erode, in…
Zinc Prices Increased Despite Supply Concerns
Fund purchases and worries about supply dynamics drove yesterday’s slight 0.22% increase in zinc prices, which ended at 247.5. According to data, refined zinc output increased by 4.57% month over month in China, indicating strong output levels. Even still, the production for January through March surpassed projections, highlighting the ongoing demand for zinc in China,…
Aluminum Prices Slid During Profit Booking as Supply Concerns Caused Prices to Rise
Aluminum prices declined significantly yesterday, ending at 236 due to profit-taking after rising by -3.02%. Sanction fears on Russian metals affected the market dynamics and led to limiting key exchanges like LME and CME. The available LME aluminum stockpiles dropped to the lowest level since August 2022 at 171,200 tonnes due to increased supply concerns.China’s…
Zinc Fell on Profit Booking as Prices Increased Despite Supply Concerns
Zinc prices fell -1.32% to settle at 247.05, with profit-booking operations driving the slide after earlier increases caused by fund purchasing and supply-side concerns. Refined zinc production increased in March, according to data from China, with a rise in output of 4.57% month over month to 525,500 mt. Despite this, the overall output from January…
With tightening global supplies, Jeera gains as buyers from throughout the world prefer Indian Jeera
Prices for jeera saw a little increase of 0.82%, leveling off at 22225, as purchasers from around the world favored Indian jeera in the face of limited supply worldwide. The upside was, however, constrained by worries about additional pressure from market arrivals, especially since 10,000 to 12,000 bags of jeera arrive in Rajkot Mandi every…
Cotton Gains As USDA Export Sales Rise 79% From The Previous Week
Yesterday’s 0.66% increase in cotton candy prices saw them settle at 57960. The USDA’s weekly export sales report, which revealed strong net sales for the 2023–2024 season, provided some bright news. With 146,100 running bales sold, net sales increased significantly from the previous week by 79% and from the prior four-week average by 64%. For…
Gold prices decline, almost reaching $2,300 as demand for safe haven assets declines
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…
With global supplies tightening, Indian jeera gains popularity among buyers
Jeera prices rose 0.4% Wednesday, finishing at 22345, led by global customers preferring Indian jeera amid tighter worldwide supply. However, the upside was limited due to concerns about rising arrivals, with daily shipments of 10,000 to 12,000 bags in Rajkot Mandi exceeding demand levels. New arrivals in Gujarat and Rajasthan have increased, raising hopes of…
A significant excess of gas in storage caused a decrease in natural gas prices
Yesterday’s natural gas price decrease of -0.07% to 146.8 was somewhat expected given the market’s ongoing struggles with a substantial surplus. However, expectations of milder weather for the coming week meant that demand for the commodity would likely increase, so the downside was limited. Prices were also somewhat supported by increased gas flow to LNG…
Oil prices dip as Iran-Israel fears cool, economic jitters persist
Amid mounting optimism that the Iran-Israel crisis won’t develop, oil prices dropped in Asian trade on Monday, consolidating losses from the previous week. Crude prices had also suffered sharp declines over the previous week due to concerns about a slowdown in demand and the bad state of the global economy, which somewhat countered rising tensions…
