Market News Today

In Ludhiana, Basmati 1401 (sella raw) is priced at Rs. 8300/quintal, Sharbati (sella golden) at Rs. 6200/quintal and Sugandha (raw) is quoted at around Rs. 6600/quintal.

Premium Hard Coking Coal (HCC) at Hay Point, Australia: $240 per metric ton (FOB). HCC 64 Mid Vol at Hay Point, Australia: $206 per metric ton (FOB).

Indian domestic steel sector sees robust performance as mills hike prices steadily. Primary mills adjusted pricing for early May shipments, while the secondary market experiences price fluctuations amid weekly surges.

As of Friday, LME opened at $2540ton and closed at $2555/ton. Today, the markets are closed due to the weekly holiday.

In the Junagadh mandi, the arrival of new coriander ranges between 1500 to 1600 bags. Badami varieties are priced between Rs. 6500-6700/quintal, eagle at Rs. 6800-7000/quintal and scooter varieties are selling at Rs. 7700-7900/quintal.

Price stability characterizes in the south Indian ferrous scrap market as the week concludes. Demand, driven by Finished Goods, remains steady while supply constraints are minimal. Despite stability, India sees increased demand for imported scrap due to local shortages.

In Haldia, mustard oil is sold at Rs. 1070/10kg, rice bran refined is trading at Rs. 835/10kg and rice bran crude at Rs. 780/10kg. Goyal Kota opened mustard seed trading at Rs. 5350/quintal today.

Brent crude futures for July rose 16 cents to $83.83 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June was up 19 cents to $79.14 per barrel. MCX Crude Oil prices opened at 6613 with a rise of 0.18%.

Today, the south Indian chilli markets are closed. The Teja variety is priced at Rs. 130-195/kg. Fresh turmeric arrivals in Erode have led to a significant price hike, increasing by Rs. 2000/quintal within the last two weeks.

The prices of various coffee grades at Chennai Port are as follows: Robusta G1 (18-16) grade is priced at 4308 USD/ton Robusta G2 (16-14) costs 4138 USD/ton Robusta G3 (14-12) at 4047 USD/ton Arabica coffee is priced at 5407 USD/ton