Agricultural Commodities Price & Futures Trading India

20th 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