Chana Demand and Supply

What is the demand for Chana (Chickpea) Commodity, and what Companies are dealing with Chana?

Chickpea, popularly known as Chana, is one of the most desiring pulses in the Subcontinent. The highly essential Rabi crop is sown during the time of October to November, but it harvests from February to March. India is one of the largest users of Chana, and the ruling producers are Madhya Pradesh, Karnataka, Rajasthan, Andhra Pradesh, and Uttar Pradesh.

The Demand of Chana Commodity

As of February 2019, the subnormal growth demand of Chana and a proportionate supply of it force the market to lower the trade level. According to the statistics, Chana (Kanta) price was at INR 4,200 to 4250 a quintal, while on the other hand, Desi Chana rate was INR 4,150 in the Indian markets. When it comes to Vishal Chana, per quintal price rate was 4,100 Indian rupees.

When we look at the Stats, we know that since the start of December 2018, the future of Chana has seen under pressure. As per the reports of the National Commodities and Derivative Exchange (NCDEX), the price level for Chana commodity fell about 6.7 percent till date.

The reason for low price rate of Chana commodity is because the output came in higher during the last two years by producing and importing a high amount of the product. As per the records, India imported over 31 lac tonnes of the commodity in the past three years. Moreover, the supply (100 tonnes) raised more than the consumption (70-75 tonnes), which results in the fall of the Chana demand.  

Companies that are dealing with Chana (Chickpea) Commodity

India is the biggest importer of Chana, and it imports Kala Chana, Split Chana, and other types of the product from many countries like Pakistan, Australia, Myanmar, United Arab Emirates, Kenya, etc. As e-commerce is popular more across the globe, you can buy any variety of Chana from one of the largest online store, indiamart.com. Moreover, you can also buy from another accredited e-commerce website, Amazon. If you don’t want to buy from the site, then go for the Indian domestic markets, and you will get high-quality Chana from there.

What are the famous Chana Dishes in India?

In India, there is a diversity in the dishes of Chana, and people love to make different types of it with the use of local masala (Spices). Whether you like Kala Chana, Chana Dal, Chana (Chickpea) Curry, White Chana, or others that can serve with either rice or Roti (tortilla), you can find the variety of the dishes in almost every traditional restaurant of the country.

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Crude Oil Mining Image

Crude Oil Price Analysis 2018-2019

One of the necessities of the universe right now is nothing, but crude oil, which is unrefined petroleum that formed of hydrocarbon deposits along with different organic materials.

It refines to make products like gasoline, petrochemicals, and diesel. Since it’s a very crucial need of the modern era, so let’s check out the crude oil price analysis of 2018-2019. It will also be beneficial in predicting the future of oil prices.

Crude Oil Mining Image

Crude Oil Analysis 2018-19

When we take a glance at the first half of the year 2018, we can see the fluctuations in the price of crude oil. As per the statistics, the price was 69.08 U.S dollars per barrel, which fell a bit and become 65.32 in February 2018. In March, it rose a bit to 66.02 dollars per barrel, and then you could see the further rise in the Brent crude oil price for April and May (72.11 and 76.98 respectively). The oil price for the last month of the first half of 2018 recorded as 74.4 dollars.

The year’s second half, however, brought more positive results with it as the overall Brent crude oil prices were low, but there were also some exceptions like 78.89 in September and 81.03 in October. The last month’s price recorded as 57.36 dollars per barrel, which shows the decrease in the price level for Brent Crude Oil.

Comes from the Brent oil field, which located in the North-East of the Shetland Islands (part of the United Kingdom), the Brent oil is among the lightest crude oils consists of a low content of Sulphur. The notable point is it refined into gasoline and middle distillates in North-West Europe.

The other crucial benchmark includes West Texas Intermediate (WTI), and it also rose close to 30% between the time duration of January and October, from 60 dollars to 78 dollars. Keep in mind WTI is quite essential for North America, and Dubai Crude dominates the Asian Market for oil.

Crude Oil Forecast

US Crude Oil Production and Imports

As per the forecast, the average crude oil price per barrel will be 73.7 dollars in 2019. The predictions depend on the supply and demand’ interaction in the international market for oil. After the modest growth in 2018, the expectations are high that the nominal price of West Texas Intermediate will increase to 50 dollars per barrel, and the Brent price will rise to 53 dollars per barrel in 2020. Moreover, the World Bank also expects the overall increase in all three Crude oil benchmarks (Brent, WTI, and Dubai Crude) even after 2020. The expectations are $70 would be the average rate per barrel by 2030.

Current Scenario of Commodity Markets in China

Future of Gold Price Demand and Supply

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Current Scenario of Commodity Markets in China

China is one of the leading world economies. There is a possibility of commodities prices going up in 2019. But the China commodity market is dealing with an unprecedented number of disruptions including China and USA change in tariffs. As the world’s biggest buyer of natural resources made the presence of China felt on demand for crude oil, iron ore, coal, and purified natural gas. China’s extreme demand for major commodities is likely to remain the most determining factor influencing demand and supply in 2019.

Due to constraints in domestic gas inputs in China and the capacity limitations for pipeline imports, this means that liquified natural gas imports will increase in 2019 even if the price remains high. Secondly, China’s increasing use of natural gas has resulted in a decrease in coal import in China.

China has now boosted domestic production, this means that imports may find the going tougher this year. There is a possibility of iron ore markets in China will receive an increasing quality premium high-quality grade ore, which will, in turn, boost the fortunes of some producers but affect those in India which are majorly known for low-grade ore. Despite the efforts of the Organization of the Petroleum Exporting Countries and its allies to control the supply of oil to China, the oil demand is dominated by China.

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Tea or Coffee: Which is More Common in the US? And what are the chances of growth of Tea in the United States?

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Future of Gold Price Demand and Supply

Demand and supply are basic aspects of economics. Demand and supply of a commodity or goods like gold can be determined with several factors such as; the prevailing market price, income of an individual, preferences, and choices, season, age and gender among many other factors. Of late we have witnessed a peculiar trend in the gold market where there is a decrease in the prices of gold despite the presence of high gold demand. This occurrence is against the law of demand which states that “The high the demand of a commodity the higher its market prices”. Although recent predictions have possed presence of high demand for gold.

We will look at factors that majorly affects the gold market to determine how each is likely to increase or decrease the price of gold. The primary factors that are likely to affect the price of gold this year or in the future are;

  • Demand for physical gold
  • Central Bank Buying
  • Demand for gold ETFs
  • New Mine Supply
  • Technical indicators
  • The US dollar among many other factors

Increase in physical demand for gold does not always increase the price of gold but it increases the interest in gold. High ETFs supply will definitely increase the prices of gold, and we have witnessed a tremendous in ETFs in the recent past. Central banks around the globe hold golds in their reserves. When they feel they want more they buy more thus increasing the demand for gold. With a constant increase in demand with no new supply, there will always be an increase in gold prices since the market supply cannot match its demand.

Therefore given that most factor that determines the prices of gold are most likely to increase then the prices of gold are also most likely to increase year in, year out.

Tea or Coffee: Which is More Common in the US? And what are the chances of growth of Tea in the United States?

Market Tweets (Trusted Sources)

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Tea Business in America

Tea or Coffee: Which is More Common in the US? And what are the chances of growth of Tea in the United States?

We all know it’s necessary to be a workaholic if you wish development and progress in your society, and the citizens of the superpower of the earth, which is the United States, take help of drinks and beverages to stay in senses after working for so many hours. But do you know which is more popular in America? Tea or Coffee?

Americans’ obsession with Coffee

Till date, Americans are highly obsessed with coffee than any other brew. Wherever you visit in the United States, whether in hotels, official buildings, gas stations, or grocery stores, you will see coffee everywhere. As per sources, Americans consumes more coffee than soda, tea, or even alcohol. It outsells tea third times greater than it, and the consumption of even the iced tea, which is also well-known among Americans, is weaker than its rival.

Why is Tea a less-consuming brew in the United States?

Though coffee overshadows tea in many ways, still the consumption of tea is 7.8 gallons per capita annually. Tea-consumption is less in the States, because the US is an importer of it, and usually, the quality of the teabags available in the supermarkets aren’t up to the standard of what the world called, “Tea.” Moreover, Iced-Tea and Hot Black Tea are famous in some parts of the States. According to our info, tea in the United Kingdom and Canada is more high-quality than in the States.

Are Coffee beans grow in the United States?

Even though America has a high-consumption coffee rate, still only Hawaii can grow beans, and it’s the only place where you could ever see the commercial coffee plants. Moreover, Puerto Rico also grows the plants, but it’s not the state of the US. However, it’s still a territory of America. The biggest exporters of the coffee are Latin America, Eastern Africa, and Asia. Java, Kona, Columbian, and Arabica coffee beans are the types of Coffee.

Are there any chances of Tea-growth in the United States?

Tea and Coffee in the America

Tea-leaves (Camellia Sinensis) can grow in the warmer parts of the US, and the revenue in this segment is USD 2,189 Million in 2019. The expectations are quite high that the market will eventually grow by 2.4% till 2023. As per surveys and reports, the popularity of tea is getting higher in the United States by each passing day, and the total tea imports increased by 1% in 2016, and it’s increasing every year. So, the future of tea in the US is bright.

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