The global sugar market in 2024 reflects dynamic changes driven by weather impacts, consumption trends, and trade dynamics. While global production is up 2.8 million tons to 186.6 million, regional variances remain stark. Brazil’s output declined due to unfavorable weather, but India, China, and Thailand saw production increases. Consumption continues to rise, setting records in key markets like India. Trade patterns are shifting, with exports increasing in Thailand but decreasing in Br...
Global Sugar Market : Production, Prices, and Trends in 2024 by Amit Gupta, Kedia Advisory
MARKET NEWS/UPDATES
* Farmers in Karnataka have sown rabi crops over 1.3 million hectares as of Friday, down 4.1% on year, according to a release by the state's agriculture department. The acreage of Bengal gram, or chana, was down 7.2% at 633,000 hectares, the report showed.The total area under pulses in the state was 718,000 hectares, down from 779,000 hectares a year ago. The area under horse gram, or kulthi dal, was 68,000 hectares, down from 81,000 hectares a year ago. Jowar, whea...
Agri Commodity Technical Report 22 November 2024 - Geojit Financial Services Ltd
GOLD
* Nearby Support: 76,100/ 75,800/ 75,400
* Nearby Resistance: 76,700/ 77,000/ 77,400
* Nearby Gaps: 76,520
* Nearby Camarilla Levels: 76,300 (S), 76,700 (R)
BUY GOLD ABOVE 76700 SL BELOW 76400 TGT 77100/77400
SILVER
* Nearby Support: 90,100/ 89,500/ 89,000
* Nearby Resistance: 91,000/ 91,700/ 92,500
* Nearby Gap(s): 90,138
* Nearby Camarilla Levels: 90,000 (S), 90,600 (R)
BUY SILVER ABOVE 91000 SL BELOW 90300 TGT 92000/92500
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Buy Copper Above 825 SL Below 821 TGT 830/833 - Axis Securities Ltd
India's red chilli acreage has seen a sharp decline of 25-30% this cropping season, primarily in Andhra Pradesh, Telangana, and Karnataka. The shift to alternative crops like maize, tobacco, and green gram, along with low chilli prices and high carry-forward stocks, has influenced farmers' cropping decisions. In key regions such as Guntur, Telangana, and Karnataka, stocks of red chillies are significantly higher than last year. The lower prices of popular varieties like Byadgi and hyb...
India`s Red Chilli Acreage Declines Due to Low Prices & High Stocks by Amit Gupta, Kedia Advisory
