Market News Today

Chana prices dropped in the week ending on 4 April 2024 amid subdued demand for chana dal and besan. Import duty removal until March 2025 has led to a 7-10% increase in global chana prices. Significant chana price drops are not expected.

The turbulence of the copper market as discrepancies between spot and benchmark prices raise questions about future pricing agreements. Explore the challenges faced by industry stakeholders and the potential ripple effects on global copper prices.

Premium Hard Coking Coal (HCC) at Hay Point, Australia: $237 per metric ton (FOB). HCC 64 Mid Vol at Hay Point, Australia: $203 per metric ton (FOB).

The Indian structural steel market experienced consistent growth with frequent price increases. Production challenges due to labour shortages worsened by heatwaves impacted mills, leading to reduced output levels in both primary and secondary segments.

In Baran, the coriander market is currently active with a significant influx of new dhaniya, totalling 2000 bags. Badami coriander prices range between Rs. 6100-6400/quintal, while eagle coriander commands a slightly higher price, ranging from Rs. 6500-6800/quintal.

In Ludhiana, Sharbati (raw) is priced at around Rs. 6100/quintal, 1401 (sella golden) at Rs. 8800/quintal and Pusa (raw) is available at Rs. 8400/quintal. On monday, the government authorized the export of 14,000 tons of non-basmati white rice to Mauritius.

Indian ferrous scrap prices surged following steel price hikes, reaching over a six-month high. Shortages in supply, exacerbated by fewer recycling ships and anticipated post-election demand increases, alongside strong import offers, suggest sustainability, albeit with limited upward potential.

In Haldia, mustard oil is priced at Rs. 1070/10kg and rice bran refined at Rs. 835/10kg. Volumes of Indian refined sunflower oil are forecasted to experience an 8-10% decrease in the fiscal year 2025 due to a reduced demand for sunflower oil.

PP Raffia (-0) Rs.94.50/kg levels Ex Godown. PP film (0) Rs.99/kg levels Ex Godown. PP CP (-0) Rs.98.50/kg levels Ex Godown.

Due to limited procurement by flour mills, wheat prices in Delhi remained steady during the Tuesday morning session. Maize prices in Chhindwara are ranging between Rs. 2120-2220/quintal.