Agri Commodity Prices

Soybean and other feedmeal agricultural prices

28th May

(Indicative prices pmt fob/fas port India in bulk)


Soybean Meal - US$ 460-465 pmt fob Kandla/Bedi port

Though the sbm prices dropped in local market the appreciating rupee kept the export prices very much stable. The Cbot soymeal futures yesterday showed the drop with July contracts trading at 386.2 down by 3.8 and Aug futures at 368.4 down by 5, but Indian prices remained same due to currency fluctuations otherwise it usually moves in tandem with Cbot. Argentine origin is availabe at US$ 412-416 pmt, Brazilian origin at US$ 418-422 pmt and US soybean meal at US$ 430-440 pmt on fob basis.

Rapeseed Meal - US$ 250-255 pmt fob Kandla port ; Peanut Meal - US$ 390-395 pmt fob Bedi port ; Rice bran meal - US$ 145-148 pmt fob Kakinada port

 

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