Agricultural Commodities
Price & Futures Trading India20th
Nov. 08
(Indicative Commodity Prices in US$ PMT FOB port, India) Feed
meals - by breakbulk Soybean
Meal - 269-271 pmt (fob Kandla/Bedi) Rapeseed Meal - 195-197 pmt (fob Kandla) Peanut
/ Groundunt Meal - 250-252 pmt (fob Bedi) Rice Bran Meal - US$ 133-135 (fob
Kakinada) The
depriciating rupee is helping exporters to bring down their prices. The dollar
is very fluctuating right now and swings 1-2% in a day's time. Cumin
Seed - Jeera (fob Kandla/Mundra) Machine Cleaned 99% - US$ 2150-2200 Best
Machine Cleaned - US$ 2550-2650 The
cumin prices were down due to lack of good export demand and depriciation of local
currency against dollar. The Nov. futures is trading higher than spot price by
around 2.4%. Black
Pepper MGI - US$ 2525-2575 (fob Kochi) Though
the pepper prices and futures were up in Indian markt, the fall in rupee absorbed
the increase. Coriander
Seed - 99% - 1475-1525 US$ pmt (fob Mundra) The
coriander prices have crashed in the local market due to lower demand amid economy
slowdown and new harvesting season coming nearer. On export front it was further
down due to the depriciation of rupee this week. International
Agricultural Prices (Other Origins on Fob pmt basis) RBD
Palmolien (Malaysia) - US$ 485 Crude Palm Oil (Indonesia) - US$ 405 Sunflower
Oil (Argentina) - US$ 725
Soymeal (Argentina) - US$ 304
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