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(Indicative Pepper Commodity
Prices in US$ PMT FOB port, India) 30th Sep - US$ 355-360
The
rupee depriciation is helping exporters to offer soybean meal on more competitive
prices. The weakening of rupee at this point of season is a very good sign for
Indian soymeal exports.
25th Sep - US$ 360-365
The
prices of Indian meal went down with rupee depriciation. Also with Argentina offering
at lower rates and good soybean crop expected in major producing regions of the
country the sbm prices may remain under pressure. 23rd Sep - New Crop
- US$ 365-370
With the Oct & Dec futures of soymeal moving upwards
on the Cbot and dollar getting weak, Indian prices too moved up for new crop with
shipments nov onwards. 20th Sep - 450-455
New Crop - usd 355-365
The
prices of new crop went down as sbm on cbot has been down this week due to the
slowdown in global economy. The oct futures on cbot have dropped to 312.5 from
336.8 in last 10 days. 16th Sep - US$ 458-462
(New crop meal) - US$
370-375
The prices of soybean meal eased down mainly due to strengthening
dollar which is really a good sign for exporters who could be competitive with
the new crop. The meal of new crop of soybean for shipment nov. onwards is at
around 20% less than the present market. This year the production of soybean is
estimated to be more than last year by around 10%. 12th Sep - US$ 462-468
For new crop - US$ 370-380
The
present prices of soybean meal are easing down. The new crop deliveries for nov-jan
shipment are getting offered for US$ 370-380 pmt fob. The new crop starts arriving
from September last week and after crushing, the new meal shipments start normally
from Nov. onwards.
11th Sep - US$ 465-470
With the new crop due
soybean meal once again showed the drop. On Cbot too it ended weak with Sept.
futures at 336.8 and Oct. futures at 325.9. Indian market mainly moves in tandem
with US. | 
