In India soybean prices recovered by INR 250-300 PMT across the domestic markets. Yesterday in the cbot the soybean traded weak with weakness in soybean oils. China has no immediate demand as they are fully covered till December. The weekly net export sales report put soybeans at 1.621 million metric tons with 1.074 million metric tons headed to China. Strong export sales commitment through the end of the year should keep things well supported and thus the nearby basis remains the firm.
Today soybean prices recovered in the domestic markets in India and soybeans arrivals are also weak. Soybeans arrival are reported around 27,000-30,000 metric tons in the domestic markets. In the future exchange soybean prices recovered initially and traded up by 0.69% & and in SH traded weak with weakness in MDEX & traded low by 2.03 % and today it closed at INR 42,750 against yesterday close of INR 43,280.
| State | Plant Price (in INR-PMT)* | |
| Madhya Pradesh | 42,750-43,500 | |
| Maharashtra | 42,250-44,000 | |
| Rajasthan | 42,750-43,250 | |
| Rest India | 42,750- 43,750 | |
| As per moisture condition | *+GST 5% |
Market Prices :
The soybean meal prices opened flat to positive and some processors improved the prices by INR250-300 PMT in the domestic markets . The soybean meal prices range INR 32,800-35,500+ GST across India. Reseller are quoting soybean meal prices lower by INR 200-500 PMT. But in second half some of the processors have reduce the prices by INR 300-400 PMT.
The Sunflower meal pellet prices opened firm & the importers are quoting the prices in range INR 26,000- 27,000 +GST PMT ex Tuticorin port . Whereas resellers are quoting prices INR26,000-26,100 +GST PMT.
The rapeseed meal prices recovered by INR100 PMT in the domestic markets.
Soybean Meal:
| State | Plant Price (in INR-PMT)* |
| Madhya Pradesh | 32,800-34,500 |
| Maharashtra | 33,700-35,500 |
| Rajasthan | 33,700-34,600 |
| Karnataka | 34,500-35,300 |
| *+GST 5% | Moral condition |
| Soybean Meal Ex-Kandla Port | |
| Port | Meal Price PMT |
| Kandla-FOR(in INR/PMT) | 35,400 -35,500+GST |
| Kandla-FAS (in USD/PMT) | 487 |
Sunflower Meal:
| Sunflower Meal Domestic Ex- Location | ||
| State | Plant Price (in INR-PMT)* | Min Protein |
| Karnataka | 21,500-21,700 | 26% |
| Karnataka | NQ | 32% |
| *+GST 5% | Moral condition | |
| Sunflower Meal Ex- Tuticorin & Vizag Ports | ||
| Port | Meal Price PMT | Min Protein |
| Ukraine Origin -Pellets(in INR/PMT) Tuticorin | 26,000-27,000 | 35% |
| Ukraine Origin -Pellets(in INR/PMT) Vizag | NQ | 35% |
| *+GST 5% | Moral condition | |
Rapeseed Meal:
| Rapeseed Meal Domestic Ex- Location | |
| State | Plant Price (in INR-PMT)* |
| Rajasthan | 20,300-21,100 |
| Madhya Pradesh | 20,400-20,900 |
| *+GST 5% | Moral condition |
| Rapeseed Meal at Kandla Port Ex- Location | |
| Port | Meal Price PMT |
| Kandla-FOR(in INR/PMT) | 20,600-20,700+GST5% |
| Kandla-FAS (in USD/PMT) | 288 |