Tag: dropped
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Silver dropped on profit booking as investors looked for guidance on inflation
[ad_1] prices experienced a slight decline of -0.39% to settle at 71616 as profit-taking ensued, prompted by the search for guidance on inflation. This dip followed a recent surge driven by escalating tensions in the Middle East, notably the Gaza hospital blast, which drew widespread condemnation across the Arab world. Concurrently, the remained strong, while…
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Jeera dropped due to profit booking amid subdued demand
[ad_1] Jeera prices experienced a notable decline of -4.74% on the previous day, settling at 53,695 due to profit booking. This drop can be attributed to sluggish export demand, which has led to profit-taking by traders. However, there are limitations to the downside movement due to the constrained availability of high-quality crops. The global demand…
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Turmeric dropped due to profit booking amid improved crop condition
[ad_1] The turmeric market experienced a notable setback, with a 3.1% drop in prices, settling at 13,692 due to profit booking. This decline was primarily influenced by improved crop conditions thanks to favorable weather. However, the potential for yield losses in the upcoming unfavourable October weather limited the downward movement. The crop is currently in…
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Cotton dropped on profit booking after prices gained as USDA cut production in 2024
[ad_1] Cottoncandy prices dipped by 0.85% to settle at 58380 due to profit booking, following a recent boost in prices. The USDA’s October WASDE report attributed this price surge to a decrease in U.S. production for 2023/24, mainly due to lower yields in Texas. Additionally, Brazil is expected to outpace the U.S. in cotton production,…
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Natural gas dropped amid forecasts for milder weather and less heating demand
[ad_1] Natural gas prices dipped by -0.18% to 280.8 due to milder weather forecasts, reducing heating demand for the next two weeks. However, the downside is limited because of increased exports and higher global gas prices. The International Energy Agency (IEA) predicts slower global gas demand growth until 2026, especially in mature markets like Europe…
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Jeera prices dropped due to demand due to sluggish export demand.
[ad_1] Jeera prices experienced a significant decline of -4.25%, closing at 56,485, primarily due to sluggish export demand. Global buyers have turned to alternative sources like Syria and Turkey, driven by higher Indian prices. Export activity is expected to remain slow in the coming months due to seasonality, but the limited availability of quality crops…
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Cotton prices dropped on improved supply prospects.
[ad_1] Cotton candy prices experienced a decline of -0.73% to settle at 59,540, driven by improved supply prospects as the new crop season begins. This will lead to increased arrivals, putting pressure on prices. India’s exports faced challenges in 2022-23, dropping to a record low of 15.50 lakh bales. However, the downside is expected to…
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Silver dropped as traders reassessed the path of interest rates.
[ad_1] prices saw a slight decline of -0.17%, settling at 66768, as traders reconsidered the future of interest rates. Initial jobless claims in the US rose moderately last week, but overall, layoffs decreased in September, indicating a still tight job market at the end of the third quarter. The economy’s prospects improved with a shrinking…
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Copper dropped on profit booking after inventories in SHFE rose 18.5%.
[ad_1] Copper prices experienced a slight dip of -0.4% to settle at 734.15 yesterday, primarily due to profit booking triggered by an 18.5% surge in inventories monitored by the Shanghai Futures Exchange compared to the previous Friday. This increase in supply weighed on market sentiment. China, in its efforts to bolster its economic recovery, took…