News

India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory India's rice procurement has narrowed its deficit to 11% from 20% due to a 5.44% rise in purchases during November. As of November 17, total procurement stood at 148.93 lakh tonnes, with Punjab and Haryana being the largest contributors. While some states like Uttar Pradesh reported higher purchases, others, including Tamil Nadu and Telangana, saw declines. The government has raised its procurement target to 492.11 lakh tonnes for 2024-25, ensuring sufficient supplies. With ongoing effort...
India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory
India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-19 11:32:34 am
Gold Faces Resistance Near $2,600 Amid Geopolitical Uncertainty by Amit Gupta, Kedia Advisory Gold prices rebounded on Monday, snapping a six-day losing streak as geopolitical risks and a softer USD supported the safe-haven asset. Despite modest intraday gains, expectations of less aggressive Fed rate cuts and elevated US bond yields limited the upside. The recent pullback stalled near key technical levels, with $2,536 acting as pivotal support. Geopolitical tensions, including heightened conflicts in Ukraine and Gaza, boosted haven flows, but robust US economic data and Fed hawkishne...
Gold Faces Resistance Near $2,600 Amid Geopolitical Uncertainty by Amit Gupta, Kedia Advisory
Gold Faces Resistance Near $2,600 Amid Geopolitical Uncertainty by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-18 02:52:31 pm
India`s Cotton Market Sees Imports Surge Amid Domestic Price Pressure by Amit Gupta, Kedia Advisory The Indian cotton market in MY 2024/25 faces significant shifts, with exports expected to fall by 55% to 1.2 million 480-lb bales due to higher domestic prices outpacing global levels. This trend has led to a sharp increase in imports, forecasted at 2 million 480-lb bales, a 67% rise from earlier estimates. Declining cotton acreage, with a 9% year-on-year reduction in sowing, has compounded production challenges, though yields in southern India offset some losses. The rise in domestic consump...
India`s Cotton Market Sees Imports Surge Amid Domestic Price Pressure by Amit Gupta, Kedia Advisory
India`s Cotton Market Sees Imports Surge Amid Domestic Price Pressure by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-16 10:06:11 am
Germany Faces Economic Challenges Amid Weak Growth Prospects by Amit Gupta, Kedia Advisory Germany's economy is set to underperform the eurozone average until 2026, as per the European Commission’s Autumn Forecast. While the eurozone is projected to grow at 0.8% in 2024, Germany is expected to face a 0.1% GDP contraction due to weakened global demand and high uncertainty affecting consumption and investment. Inflation has eased significantly, reaching 2.4% in October 2024, compared to a peak of 11.6% in 2022. Growth is anticipated to recover modestly in 2025 and 2026, sup...
Germany Faces Economic Challenges Amid Weak Growth Prospects by Amit Gupta, Kedia Advisory
Germany Faces Economic Challenges Amid Weak Growth Prospects by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-16 10:00:45 am
Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory Japan's GDP grew 0.9% year-on-year in Q3, slightly exceeding expectations but marking a sharp slowdown from the previous quarter's revised 2.2%. Quarter-on-quarter, growth was just 0.2%, driven primarily by private consumption, which grew 0.9%, far surpassing expectations. However, external demand fell by 0.4%, signaling challenges for exporters amid a stronger yen earlier in the quarter. Inflation growth also slowed, as indicated by a softer GDP price index. The subdued GDP data cast...
Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory
Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-16 09:55:51 am
Oilmeals Export Drops 7% in April-October FY25 by Amit Gupta, Kedia Advisory India's oilmeals export declined by 7% in the first seven months of FY25, with rapeseed meal exports falling by 25% due to higher global pricing. SEA data reveals that India exported 23.88 lakh tonnes of oilmeals from April to October 2024-25, compared to 25.66 lakh tonnes in the same period last year. While rapeseed meal exports dropped to 11.76 lakh tonnes, soyabean meal exports surged to 10.24 lakh tonnes due to increased demand from UAE, Iran, and France. A global oversupply of soyabe...
Oilmeals Export Drops 7% in April-October FY25 by Amit Gupta, Kedia Advisory
Oilmeals Export Drops 7% in April-October FY25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-15 05:10:19 pm
India`s Wheat Acreage Falls 15% Amid Rising Price Pressure by Amit Gupta, Kedia Advisory India’s wheat acreage for the ongoing rabi season has declined by 15.5% to 41.3 lakh hectares as of November 8, compared to 48.87 lakh hectares a year ago. Despite lower sowing in Madhya Pradesh, northern states like Punjab, Haryana, and Uttar Pradesh reported an increase in wheat acreage. Wheat prices remain elevated, particularly in southern India, with record levels of Rs.34,000/tonne due to tight supply and limited availability in key states. With the government aiming for a record ...
India`s Wheat Acreage Falls 15% Amid Rising Price Pressure by Amit Gupta, Kedia Advisory
India`s Wheat Acreage Falls 15% Amid Rising Price Pressure by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-14 02:40:31 pm
India`s Palm Oil Imports Surge 60% in October Festive Demand by Amit Gupta, Kedia Advisory India’s palm oil imports soared 60% month-on-month in October to 845,682 metric tons, driven by festive demand and replenished stocks, the Solvent Extractors' Association (SEA) reported. This rise could pressure global palm oil stocks in Indonesia and Malaysia. Meanwhile, soyoil imports dropped 11%, and sunflower oil imports rose 56.5%. Total vegetable oil imports for the 2023-24 year fell 3% to 16.2 million tons due to improved domestic production and reduced demand from higher pri...
India`s Palm Oil Imports Surge 60% in October Festive Demand by Amit Gupta, Kedia Advisory
India`s Palm Oil Imports Surge 60% in October Festive Demand by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-13 06:09:28 pm
Market Shifts: Palm Oil, Cotton, Corn, and More Face New Challenges By Amit Gupta, Kedia Advisory The agro-commodity market has seen significant developments across key crops. Palm oil retreated from a two-year high due to profit-taking and increased export duties in Malaysia. U.S. cotton futures fell below 70 cents amid demand concerns and a stronger dollar. Corn and soybean prices hover near monthly highs due to reduced U.S. yield estimates and robust supply expectations. Sugar futures hit a seven-week low with surplus production in Brazil, while lumber eased from a six-month high amid ...
Market Shifts: Palm Oil, Cotton, Corn, and More Face New Challenges By Amit Gupta, Kedia Advisory
Market Shifts: Palm Oil, Cotton, Corn, and More Face New Challenges By Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 05:40:11 pm
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory Precious and industrial metals faced a decline, driven by a strengthening U.S. dollar and concerns about global economic weakness. Silver dipped to its lowest in a month, pressured by a robust dollar and weak Chinese stimulus measures. Copper hit a two-month low amid underwhelming Chinese economic data and a tepid debt package. Gold fell to nearly a two-month low as reduced demand for safe-haven assets and strong dollar gains weighed on the market. Meanwhile, WTI crude oil and platinum also e...
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 05:35:16 pm
Global Currencies Slide as Dollar Strengthens Amid Trump Optimism by Amit Gupta, Kedia Advisory The US dollar surged to a four-month high, pressuring major global currencies like the Euro, Pound, and Yen to multi-month lows. The Euro fell to $1.0625 due to US policy concerns and German political instability. The Pound dropped to $1.28, impacted by labor data and UK monetary policy. The offshore Yuan slid past 7.24 per dollar, weighed down by weak Chinese data. Meanwhile, the Yen remained weak, prompting Japanese authorities to issue warnings against volatile moves. The Australian dollar...
Global Currencies Slide as Dollar Strengthens Amid Trump Optimism by Amit Gupta, Kedia Advisory
Global Currencies Slide as Dollar Strengthens Amid Trump Optimism by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 05:31:33 pm
USD/INR Strengthens Amid CPI Data and Outflows Pressure by Amit Gupta, Kedia Advisory The USD/INR pair remains strong as the Indian Rupee continues to weaken, nearing record lows due to persistent foreign fund outflows and muted domestic equity trends. While renewed US Dollar demand from oil companies and foreign banks adds pressure, falling crude oil prices and potential RBI intervention may limit INR depreciation. Key focus areas include India’s October CPI data and upcoming remarks from Federal Reserve officials. Technical indicators suggest the USD/INR remains in a b...
USD/INR Strengthens Amid CPI Data and Outflows Pressure by Amit Gupta, Kedia Advisory
USD/INR Strengthens Amid CPI Data and Outflows Pressure by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 11:42:28 am
Indian Cardamom Poised for Ramadan Demand Amid Guatemala Shortfall by Amit Gupta, Kedia Advisory With Guatemala's cardamom production for 2024-25 predicted to fall by 40-50%, India's cardamom industry is preparing for a possible export boost ahead of Ramadan in February 2025. Lower supply from Guatemala, combined with crop damage from thrips, has pushed prices upward, giving Indian exporters a unique advantage despite a decline in India’s own production. While Indian prices are expected to climb to Rs.3,500 per kg in early 2025, exporters warn that high domestic prices and ...
Indian Cardamom Poised for Ramadan Demand Amid Guatemala Shortfall by Amit Gupta, Kedia Advisory
Indian Cardamom Poised for Ramadan Demand Amid Guatemala Shortfall by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 11:35:39 am
Philippines Corn Imports Surge as Tariffs Drop by 80% by Amit Gupta, Kedia Advisory The Philippines is experiencing a sharp increase in corn imports, projected at 1.5 million tons for 2024/25 due to lowered tariffs. Recent government initiatives have reduced in-quota tariffs from 35% to 5% and out-of-quota tariffs from 50% to 15%, making imported corn more affordable. This tariff reduction primarily benefits the livestock and poultry sectors, which are significant consumers of corn feed. However, domestic corn production remains constrained by factors like pest infestations ...
Philippines Corn Imports Surge as Tariffs Drop by 80% by Amit Gupta, Kedia Advisory
Philippines Corn Imports Surge as Tariffs Drop by 80% by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 12:09:57 pm
Vietnam`s Rice Exports Reach Record Levels Despite Production Drop by Amit Gupta, Kedia Advisory Vietnam’s rice exports are set to hit a record 8.9 million tons in 2024, despite a decline in domestic production. This increase is largely due to heightened demand from international markets such as the Philippines, Indonesia, and Malaysia. Vietnam's rice import volumes from Cambodia have also increased, helping meet this export demand. Cambodian farmers have shifted to higher-yield Vietnamese rice varieties, driven by Vietnamese investment. The availability of Cambodian paddy rice...
Vietnam`s Rice Exports Reach Record Levels Despite Production Drop by Amit Gupta, Kedia Advisory
Vietnam`s Rice Exports Reach Record Levels Despite Production Drop by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 12:03:26 pm
U.S. Soybean Output Falls on Dry Spell; Supplies Remain Abundant by Amit Gupta, Kedia Advisory U.S. soybean and corn production dropped from previous expectations due to a dry end-season, according to the USDA’s recent report. Despite lower yields, the soybean crop is the second-largest in U.S. history, while corn harvest ranks third. End-of-season supplies are set to hit five-year highs, providing ample stock for domestic feed users. Soybean futures touched a one-month high on production cuts but later dipped over demand concerns and competitive export pressure from Brazil. The ...
U.S. Soybean Output Falls on Dry Spell; Supplies Remain Abundant by Amit Gupta, Kedia Advisory
U.S. Soybean Output Falls on Dry Spell; Supplies Remain Abundant by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 11:52:43 am
Wheat Prices Near Record Highs as OMSS Delay Fuels Supply Crisis by Amit Gupta, Kedia Advisory Wheat prices in India are nearing record levels due to tight supplies, driven by the government’s delay in launching the Open Market Sale Scheme (OMSS) and reluctance to reduce import duties. Currently, wheat is trading as high as Rs.3,400 per tonne, pressuring flour mills and sparking calls for imports or OMSS activation. Industry sources report that stocks are mainly held by private players, as government supplies are limited. Retail prices have risen by 2.2% in the last month, with f...
Wheat Prices Near Record Highs as OMSS Delay Fuels Supply Crisis by Amit Gupta, Kedia Advisory
Wheat Prices Near Record Highs as OMSS Delay Fuels Supply Crisis by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 11:45:55 am
Global Cotton Prices Under Pressure : Impact of Synthetic Fiber Surge by Amit Gupta, Kedia Advisory Global cotton prices face growing pressure as synthetic fibers, led by polyester, dominate the global textile industry. Cotton consumption is forecast at 115.2 million bales for 2024/25, significantly below previous highs, as synthetic and cellulosic fibers outpace cotton in both production and affordability. China leads in synthetic fiber exports, accounting for nearly 70% of global supply, which highlights its dominance in textile manufacturing. While the U.S. and Brazil remain key exporter...
Global Cotton Prices Under Pressure : Impact of Synthetic Fiber Surge by Amit Gupta, Kedia Advisory
Global Cotton Prices Under Pressure : Impact of Synthetic Fiber Surge by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 11:37:43 am
Chana Prices Plunge as Australian Imports and Sowing Begin by Amit Gupta, Kedia Advisory Chana (desi chickpea) prices have sharply declined as imports from Australia ramp up and sowing in India begins. Australian chana, harvested in bumper quantities and of high quality, has reached Indian markets through major trading firms, resulting in price corrections. Chana prices, which had soared above Rs.8,000 per quintal in early September, have now fallen to around Rs.7,200. Additional supplies from Tanzania and yellow peas imports further pressure prices. Though the government recentl...
Chana Prices Plunge as Australian Imports and Sowing Begin by Amit Gupta, Kedia Advisory
Chana Prices Plunge as Australian Imports and Sowing Begin by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-11 11:27:26 am
Palm Oil Sees Strongest Weekly Gains Since June 2022 by Amit Gupta, Kedia Advisory Malaysian palm oil futures climbed for a third consecutive week, reaching their highest weekly gain since June 2022, closing at 5,100 ringgit per metric ton. A major industry conference in Bali provided projections indicating palm oil’s continued upward trajectory, fueled by tight supply and strong demand. Indonesia’s upcoming biodiesel mandate increase to 40% in 2025 is expected to intensify demand, requiring additional feedstock of around 3 million metric tons. Global palm oil o...
Palm Oil Sees Strongest Weekly Gains Since June 2022 by Amit Gupta, Kedia Advisory
Palm Oil Sees Strongest Weekly Gains Since June 2022 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 05:31:12 pm
India`s Steel Imports Surge, Led by Chinese Shipments by Amit Gupta, Kedia Advisory India saw a notable increase in steel imports from April to September, led predominantly by shipments from China, with other significant contributors being South Korea, Japan, and Vietnam. According to government data, India's steel imports rose by 42.2% year-on-year, with China alone accounting for 1.4 million metric tons. Hot-rolled coils emerged as the most imported product, making up 44% of the total finished steel imports. Despite being the world’s second-largest crude steel pr...
India`s Steel Imports Surge, Led by Chinese Shipments by Amit Gupta, Kedia Advisory
India`s Steel Imports Surge, Led by Chinese Shipments by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 04:43:37 pm
India`s Rice Stocks Surge to Record High Amid Export Curbs by Amit Gupta, Kedia Advisory India's rice inventories have soared to a record 29.7 million tons, nearly three times the government target. This surge follows recent export curbs that have increased domestic supplies, leaving India with ample stocks. The country’s Food Corporation of India (FCI) is now facing storage challenges as the new crop arrives, adding to the existing inventory. This bumper stock offers India the potential to boost rice exports without straining local supply. However, storage delays have ...
India`s Rice Stocks Surge to Record High Amid Export Curbs by Amit Gupta, Kedia Advisory
India`s Rice Stocks Surge to Record High Amid Export Curbs by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 04:39:26 pm
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory China's steel industry, already grappling with domestic demand challenges, could face additional strain if the U.S. raises tariffs on goods containing steel under President-elect Trump's administration. While less than 1% of China's steel is directly exported to the U.S., indirect exports—such as manufactured items made from steel—are significant, with potential tariffs threatening up to 12.78 million tons. This impact could intensify as domestic steel consumption cont...
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 04:36:35 pm
Pound Sterling Seeks Stability Amid BoE`s Gradual Rate Cut Signals by Amit Gupta, Kedia Advisory The Pound Sterling is holding gains against most major currencies, except the US Dollar, following Bank of England (BoE) Governor Andrew Bailey's recent comments. After a 25 bps rate cut, Bailey highlighted a cautious approach to future cuts, stating rates would lower gradually if the economy aligns with forecasts. However, he reiterated the BoE's commitment to a restrictive stance to mitigate inflation risks. The GBP/USD pair trades near 1.3000, facing resistance with the 200-day EMA...
Pound Sterling Seeks Stability Amid BoE`s Gradual Rate Cut Signals by Amit Gupta, Kedia Advisory
Pound Sterling Seeks Stability Amid BoE`s Gradual Rate Cut Signals by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 03:33:31 pm
China`s Oilseed Market : Soybean at 19.9 MMT, Peanut at 18.4 MMT in 2024/25 by Amit Gupta, Kedia Advisory China’s oilseed production is forecasted to rise in MY 2024/25, driven by higher yields in soybeans, peanuts, and rapeseed. Soybean production is estimated at 19.9 MMT due to favorable weather, while peanut output is projected to increase to 18.4 MMT with stable planting areas. Despite a decrease in the soybean planting area, yield improvements are expected to offset this reduction, ensuring a steady supply. However, domestic prices remain low, challenging local farmers' profitabili...
China`s Oilseed Market : Soybean at 19.9 MMT, Peanut at 18.4 MMT in 2024/25 by Amit Gupta, Kedia Advisory
China`s Oilseed Market : Soybean at 19.9 MMT, Peanut at 18.4 MMT in 2024/25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 03:25:48 pm
Rajasthan`s Rabi Crop Planting Slows, Raising Price Concerns by Amit Gupta, Kedia Advisory Rabi crop planting in Rajasthan has seen a slower-than-expected start this season, with 42.17 lakh hectares covered by November 6, down from last year’s 49.44 lakh hectares. The state aims for increased acreage of 119.98 lakh hectares for crops like mustard and chickpeas (gram), but only 35.15% of this target has been achieved. Mustard planting stands at 25.73 lakh hectares, lower than the previous season, while chickpea and wheat plantings are also trailing last year’s pace. Desp...
Rajasthan`s Rabi Crop Planting Slows, Raising Price Concerns by Amit Gupta, Kedia Advisory
Rajasthan`s Rabi Crop Planting Slows, Raising Price Concerns by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 11:35:27 am
India`s 2024-25 Sugar Production Estimated at 33.3 Million Tonnes by Amit Gupta, Kedia Advisory The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) has projected India’s sugar production for the 2024-25 season at 33.3 million tonnes gross, before ethanol diversion, and 29.3 million tonnes net, which is slightly lower than the previous season. With a carry-forward stock of 8.5 million tonnes, domestic supply will remain stable, supporting both consumption needs and the Ethanol Blending Program (EBP). ISMA’s estimate, derived from satellite and field data, aligns ...
India`s 2024-25 Sugar Production Estimated at 33.3 Million Tonnes by Amit Gupta, Kedia Advisory
India`s 2024-25 Sugar Production Estimated at 33.3 Million Tonnes by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-07 11:01:46 am
India`s Record Summer Rice Output and Key Crop Projections for 2024-25 by Amit Gupta, Kedia Advisory India’s summer-sown rice output for 2024-25 is projected at a record 120 million metric tons, driven by abundant monsoon rains. This boost in rice production follows last year’s 113.3 million metric tons, which was impacted by patchy monsoon rains due to El Niño. The farm ministry’s first production estimate also anticipates a rise in overall summer-sown grains to 164.7 million metric tons and higher oilseed output at 25.7 million metric tons, largely from soybean. Wh...
India`s Record Summer Rice Output and Key Crop Projections for 2024-25 by Amit Gupta, Kedia Advisory
India`s Record Summer Rice Output and Key Crop Projections for 2024-25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-06 12:15:19 pm
OPEC+ Delays December Output Increase Amid Weak Oil Demand by Amit Gupta, Kedia Advisory OPEC+ has decided to delay its planned oil production increase for December by one month due to ongoing concerns about weak demand, notably from China, and rising supply from non-OPEC sources. This decision extends the current 2.2 million barrels per day cut until the end of December, aiming to stabilize prices under pressure. The group also reiterated its commitment to full conformity with output targets, emphasizing the importance of balancing supply and demand in the oil market. OPEC+ memb...
OPEC+ Delays December Output Increase Amid Weak Oil Demand by Amit Gupta, Kedia Advisory
OPEC+ Delays December Output Increase Amid Weak Oil Demand by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-04 04:59:22 pm
China`s Manufacturing Sector Rebounds Amidst Fresh Stimulus Measures by Amit Gupta, Kedia Advisory China’s manufacturing activity expanded in October for the first time in six months, with the official PMI rising to 50.1, just above the 50-mark that distinguishes growth from contraction. This modest improvement indicates initial positive effects from recent government stimulus aimed at stabilizing the $19 trillion economy. Further, the non-manufacturing PMI climbed to 50.2, providing additional support for economic recovery in construction and services. However, weak consumer confide...
China`s Manufacturing Sector Rebounds Amidst Fresh Stimulus Measures by Amit Gupta, Kedia Advisory
China`s Manufacturing Sector Rebounds Amidst Fresh Stimulus Measures by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-31 12:23:39 pm
Global Rice Prices Drop as India Lifts Export Curbs by Amit Gupta, Kedia Advisory Global rice prices have declined by over 10% as India lifted restrictions on rice exports, coupled with the arrival of new crops from Pakistan and Myanmar. India’s decision to resume exports has placed downward pressure on prices, with Thailand, Pakistan, and India offering competitive rates. Lower container costs and a strong U.S. dollar have further benefited international buyers. Despite recent declines, demand remains steady as nations like the Philippines and Malaysia look to secur...
Global Rice Prices Drop as India Lifts Export Curbs by Amit Gupta, Kedia Advisory
Global Rice Prices Drop as India Lifts Export Curbs by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-31 11:08:55 am
India`s Agri Exports Decline Marginally to $12.13 Billion in H1FY25 on Cereal Export Dip by Amit Gupta, Kedia Advisory India’s agricultural exports dipped slightly in the first half of FY25, reaching $12.13 billion, down by 0.5% from last year’s $12.19 billion. The decline, primarily driven by reduced non-basmati rice shipments due to export restrictions, impacted overall cereal exports, which dropped by 8.35% to $5.22 billion. Despite this, basmati rice exports rose by 10.8%, boosted by the removal of the minimum export price. Livestock, dairy, and processed foods saw notable growth, offsetting d...
India`s Agri Exports Decline Marginally to $12.13 Billion in H1FY25 on Cereal Export Dip by Amit Gupta, Kedia Advisory
India`s Agri Exports Decline Marginally to $12.13 Billion in H1FY25 on Cereal Export Dip by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-30 05:33:12 pm
Rising Gold Investment Balances Weak Jewellery Demand in Q3: WGC Report by Amit Gupta, Kedia Advisory The World Gold Council (WGC) reported stable global gold demand in Q3 2024 at 1,176.5 metric tons, with investor demand offsetting lower jewellery consumption. Spot gold prices surged 34% year-to-date, driven by U.S. election uncertainty, lower interest rates, and geopolitical risks. While bar and coin investment fell, gold-backed ETFs saw positive inflows, marking their first rise since Q1 2022. Despite strong demand in India, global jewellery consumption declined 12%, and central banks cut ...
Rising Gold Investment Balances Weak Jewellery Demand in Q3: WGC Report by Amit Gupta, Kedia Advisory
Rising Gold Investment Balances Weak Jewellery Demand in Q3: WGC Report by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-30 03:46:43 pm
India`s Gold Demand Faces Four-Year Low Amid Record Prices by Amit Gupta, Kedia Advisory India's gold demand in 2024 is projected to reach its lowest since 2020, with the World Gold Council (WGC) estimating demand between 700 and 750 metric tons. A record-high domestic price, peaking at 79,700 rupees per 10 grams, has hindered purchases during the peak festive season. Although demand spiked earlier in the year due to New Delhi's import duty cuts, the subsequent price rally has led to reduced festival season buying. While physical gold investments rose significantly this y...
India`s Gold Demand Faces Four-Year Low Amid Record Prices by Amit Gupta, Kedia Advisory
India`s Gold Demand Faces Four-Year Low Amid Record Prices by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-30 03:20:21 pm
Cotton Procurement Starts in Telangana as MSP Rates Hold by Amit Gupta, Kedia Advisory The Cotton Corporation of India (CCI) has begun buying cotton at the minimum support price (MSP) in Telangana, with plans to extend procurement across all major cotton-producing states post-Diwali. Current cotton prices are slightly above MSP due to firm cottonseed prices influenced by import duties on edible oils. The government set an MSP of ?7,121 per quintal for medium staple cotton and ?7,521 for long staple, a 7% increase from last year. CCI expects to procure 50-70 lakh bales this seas...
Cotton Procurement Starts in Telangana as MSP Rates Hold by Amit Gupta, Kedia Advisory
Cotton Procurement Starts in Telangana as MSP Rates Hold by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-28 03:15:06 pm
Maharashtra Sees Major Crop Production Surge for 2024-25 By Amit Gupta ,Kedia Advisory Maharashtra's first advance kharif estimates for 2024-25 reveal a substantial rise in agricultural output, with total foodgrain production projected at 86.71 lakh tonnes—a 29.2% increase from last year. Beneficial monsoon conditions, with 118% of average rainfall, have notably boosted soybean, maize, and cotton yields, offsetting minor setbacks in rice and sugarcane. Key figures include soybean production at 73.27 lakh tonnes and maize at 29.39 lakh tonnes, more than double last yea...
Maharashtra Sees Major Crop Production Surge for 2024-25 By Amit Gupta ,Kedia Advisory
Maharashtra Sees Major Crop Production Surge for 2024-25 By Amit Gupta ,Kedia Advisory
Source: PR Agency
2024-10-25 04:14:20 pm
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory The euro rose to $1.08 from a near four-month low as data suggested the European Central Bank (ECB) may cut rates by only 25 bps in December instead of 50. The HCOB Eurozone Services PMI eased to 51.2 in October, indicating a continued contraction in private sector activity, with new orders falling for the second month. In contrast, the HCOB Manufacturing PMI rose to 45.9, suggesting a slight slowdown in decline. Consumer confidence in the Euro Area increased to -12.5, the highest since Febru...
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory
Source: Kedia Advisory
2024-10-25 12:52:18 pm
UK Pound Rises as Borrowing Plans Spark Market Optimism by Amit Gupta , Kedia Advisory The British Pound climbed towards $1.30, recovering from a two-month low, following speculation that Finance Minister Rachel Reeves may allow more borrowing in the upcoming budget. This potential shift in fiscal rules could free up tens of billions for capital spending, delaying anticipated Bank of England rate cuts. Concerns over persistent inflation were echoed by Governor Andrew Bailey, leading market expectations for a November rate cut to drop significantly. Meanwhile, flash PMI data ind...
UK Pound Rises as Borrowing Plans Spark Market Optimism by Amit Gupta , Kedia Advisory
UK Pound Rises as Borrowing Plans Spark Market Optimism by Amit Gupta , Kedia Advisory
Source: Kedia Advisory
2024-10-25 11:08:37 am
Cotton Output Expected to Drop by 7% Amid Acreage Reduction by Amit Gupta, Kedia Advisory India's cotton production is projected to decline by 7% to 302 lakh bales in the 2024-25 season due to a reduction in acreages and adverse weather conditions. The Cotton Association of India (CAI) attributes this drop to a shift in crop preferences in key regions like Gujarat and Maharashtra. The projected cotton consumption remains stable at 313 lakh bales, while exports are expected to fall by 37% to 18 lakh bales due to reduced availability. Imports, on the other hand, are anticipated ...
Cotton Output Expected to Drop by 7% Amid Acreage Reduction by Amit Gupta, Kedia Advisory
Cotton Output Expected to Drop by 7% Amid Acreage Reduction by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-23 02:32:20 pm
India`s Pulses Imports Surge 73% to $2.18 Billion H1FY25 by Amit Gupta, Kedia Advisory India's pulses imports surged 73% in value during the first half of FY25, reaching $2.18 billion compared to $1.27 billion last year, according to Commerce Ministry estimates. September imports rose by 34.79% to $425.78 million. Key contributors to the import growth included tur, urad, and desi chickpeas, driven by a supply gap due to declining domestic output. However, lentil and yellow pea imports slowed down amid higher domestic production. The government had removed import restriction...
India`s Pulses Imports Surge 73% to $2.18 Billion H1FY25 by Amit Gupta, Kedia Advisory
India`s Pulses Imports Surge 73% to $2.18 Billion H1FY25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-18 11:28:52 am
India`s Rice Procurement Declines by Half in October Start by Amit Gupta, Kedia Advisory India's rice procurement dropped by 48% in the first half of October 2024 compared to last year, with only 20.7 lakh tonnes purchased. The decline is attributed to commission agents' protests in Punjab and storage issues. This year's procurement target is lower at 485.11 lakh tonnes, compared to 521.27 lakh tonnes in 2023-24. Haryana and Punjab saw significant drops in purchases, while Tamil Nadu showed a 17.1% increase. Delayed procurement and alternate sales options for farmers ...
India`s Rice Procurement Declines by Half in October Start by Amit Gupta, Kedia Advisory
India`s Rice Procurement Declines by Half in October Start by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-18 11:16:25 am
China Q3 GDP Growth Slows Amid Industrial, Property Struggles by Amit Gupta, Kedia Advisory China's economy grew 4.6% year-on-year in Q3 2024, marking the slowest expansion since Q1 2023 due to persistent property sector issues, tepid domestic demand, and ongoing trade challenges. Despite a 4.8% growth rate for the first three quarters, hitting the lower end of the government's 5% target remains challenging. September saw mixed signals, with industrial production accelerating to 5.4% but new home prices posting the steepest decline since 2015. Retail sales rebounded to a 3.2...
China Q3 GDP Growth Slows Amid Industrial, Property Struggles by Amit Gupta, Kedia Advisory
China Q3 GDP Growth Slows Amid Industrial, Property Struggles by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-18 11:12:38 am
CAI Raises Cotton Pressing Estimate to 325.29 Lakh Bales, Closing Stock Jumps to 30.19 Lakh by Amit Gupta, Kedia Advisory The Cotton Association of India (CAI) revised its cotton pressing estimate for the 2023-24 season to 325.29 lakh bales of 170 kg each, up from the previous 323.02 lakh bales. The total cotton supply till September 30, 2024, is projected at 371.69 lakh bales, with increased imports and reduced domestic consumption. The revised domestic consumption is estimated at 313.00 lakh bales, while exports are projected at 28.50 lakh bales. The carry-over stock has been updated to 30.19 lakh bales. These...
CAI Raises Cotton Pressing Estimate to 325.29 Lakh Bales, Closing Stock Jumps to 30.19 Lakh by Amit Gupta, Kedia Advisory
CAI Raises Cotton Pressing Estimate to 325.29 Lakh Bales, Closing Stock Jumps to 30.19 Lakh by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-16 09:11:55 am
Global Steel Demand to Decline for Third Straight Year by Amit Gupta, Kedia Advisory The World Steel Association has downgraded its 2024 global steel demand forecast, now expecting a decline of 0.9% to 1.75 billion metric tons, compared to the previously anticipated 1.7% growth. The revision marks the third consecutive year of declining demand amid weak manufacturing and economic growth. China's troubled property sector continues to weigh on demand, with a 3% drop expected this year and a further 1% decline in 2025. However, India is projected to drive global demand growt...
Global Steel Demand to Decline for Third Straight Year by Amit Gupta, Kedia Advisory
Global Steel Demand to Decline for Third Straight Year by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-15 04:40:30 pm
Global Steel Demand to Decline for Third Straight Year by Amit Gupta, Kedia Advisory The World Steel Association has downgraded its 2024 global steel demand forecast, now expecting a decline of 0.9% to 1.75 billion metric tons, compared to the previously anticipated 1.7% growth. The revision marks the third consecutive year of declining demand amid weak manufacturing and economic growth. China's troubled property sector continues to weigh on demand, with a 3% drop expected this year and a further 1% decline in 2025. However, India is projected to drive global demand growt...
Global Steel Demand to Decline for Third Straight Year by Amit Gupta, Kedia Advisory
Global Steel Demand to Decline for Third Straight Year by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-15 10:34:32 am
SOPA Estimates 6% Rise in India's Soybean Output by Amit Gupta, Kedia Advisory India's soybean production is projected to rise by 6% to 125.8 lakh tonnes for the 2024 kharif season, driven by higher yields, according to the Soybean Processors Association of India (SOPA). The estimated yield has increased to 1,063 kg per hectare from 1,002 kg last year, aided by favorable weather and farming practices. Madhya Pradesh, Maharashtra, and Rajasthan, the top soybean-producing states, showed production increases despite some declines in acreage. The total area under soybea...
SOPA Estimates 6% Rise in India's Soybean Output by Amit Gupta, Kedia Advisory
SOPA Estimates 6% Rise in India's Soybean Output by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-15 10:13:51 am
Cardamom Production to Drop 40% Amidst Weather Challenges by Amit Gupta, Kedia Advisory Cardamom production is expected to drop by 40% this harvest season due to extreme weather conditions. The crop initially faced a drought from February to May, followed by torrential rains from June to August, which aggravated fungal outbreaks and further affected productivity. High prices above ?2,000 per kg reflect the current supply shortage, but market demand remains tepid. Exporters face difficulties with Indian cardamom in the global market due to competition from Guatemala and volatile ...
Cardamom Production to Drop 40% Amidst Weather Challenges by Amit Gupta, Kedia Advisory
Cardamom Production to Drop 40% Amidst Weather Challenges by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-15 10:09:46 am
OPEC Cuts China Oil Demand Forecast Amid Falling Imports by Amit Gupta, Kedia Advisory OPEC has reduced its forecast for China's crude oil demand growth in 2024 for the third consecutive month, now expecting an increase of 580,000 barrels per day (bpd). The revised estimate is lower than September's 650,000 bpd forecast and July's 760,000 bpd prediction. China's oil imports have consistently fallen, with customs data showing a decline of 2.8% in the first nine months of 2024 compared to the same period in 2023. Despite an uptick in domestic oil production, the o...
OPEC Cuts China Oil Demand Forecast Amid Falling Imports by Amit Gupta, Kedia Advisory
OPEC Cuts China Oil Demand Forecast Amid Falling Imports by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-15 10:04:03 am