Tag: dropped
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Turmeric dropped on profit booking after prices gained amid limited availability
[ad_1] yesterday settled down by -2.12% at 15664 on profit booking after prices gained amid the limited availability of quality produce in the market. Ongoing sowing and crop progress is a major price driver for turmeric and the forecast of drier weather in southern and central regions has added worries to turmeric crops. Sowing activities…
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Cotton dropped amid concerns over a slowdown in top buyer China.
[ad_1] Cotton candy yesterday settled down by -1.45% at 59920 amid concerns over a slowdown in top buyer China. The Cotton Association of India (CAI) maintained the crop production forecast for the 2022-23 season at 311.18 lakh bales. In the last cotton season, the total cotton production was at 307.05 lakh bales, CAI said in…
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Turmeric dropped on profit booking amid improved crop condition.
[ad_1] yesterday settled down by -1.42% at 16844 on profit booking amid improved crop condition. Losses in turmeric are likely to be capped by the limited availability of quality produce in the market. Ongoing sowing and crop progress is a major price driver for turmeric and the forecast of drier weather in southern and central…
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Gold dropped as caution prevailed in the run-up to U.S. inflation readings
[ad_1] Gold yesterday settled down by -0.46% at 58973 as caution prevailed in the run-up to U.S. inflation readings that could set the tone for future monetary policy. Data showed China’s consumer sector fell into deflation in July, with the Chinese central bank’s stronger-than-expected exchange-rate fixing also weighing on the U.S. dollar. China continues to…
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Silver dropped as traders digest fresh economic data
[ad_1] yesterday settled down by -0.6% at 72522 as the yield on the US 10-year Treasury note continued to rise to 4.14% in August, a level not seen since the beginning of November, as traders digested fresh economic data. Initial claims edged only slightly higher as expected, job cuts were the lowest in nearly a…
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Steel dropped after muted levels of economic support signaled by China
[ad_1] yesterday settled down by -0.4% at 44440 as markets pared hopes that muted levels of economic support signaled by China could trigger a significant recovery in construction activity and resource demand. In the meantime, production cuts in Sichuan due to a lack of hydropower and Yunnan due to lower output quotas balanced the uncertainty…
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Menthaoil prices dropped amid rise in supplies of new crop.
[ad_1] Mentha oil yesterday settled down by -0.59% at 873.8 amid a rise in supplies of new crops. Supplies have increased in Uttar Pradesh and Bihar as harvesting activities have picked up. Production prospects have improved with rising yield supported by favourable weather conditions. Moreover, reports of slack export of menthol will put pressure on…
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Crude oil dropped amid profit taking and lack of details on China’s stimulus
[ad_1] Crude oil yesterday settled down by -0.86% at 6473 amid profit taking and the lack of details on China’s stimulus measures weighed on prices. stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said. Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with expectations…
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Menthaoil dropped amid rise in supplies of new crop.
[ad_1] Mentha oil yesterday settled down by -0.24% at 885.4 amid a rise in supplies of new crops. Supplies have increased in Uttar Pradesh and Bihar as harvesting activities have picked up. Production prospects have improved with rising yield supported by favourable weather conditions. Moreover, reports of slack export of menthol will put pressure on…
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Gold dropped as Fed policymakers are expected to deliver a 25 bps rate hike.
[ad_1] Gold yesterday settled down by -0.41% at 59309 as the dollar and bond yields ticked higher, although hopes for a pause in rate hikes by the U.S. Federal Reserve after the July meeting limited the decline. Data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the…