Soybean prices opened firm on yesterday traded firm taking positive support from soybean oil prices

Soybean prices opened firm and traded firm taking positive support from soybean oil prices. in CBOT, the soybean traded weak initially but later recovered with recovery in soybean oils prices. The weekly Export Sales report showed 1.388 MMT of soybean sales on the week ending 12th November 2020. Weekly export sales were at a marketing year low but that was above expectations and 18% larger than the same week last year. China alone accounted for 76% of the total with 1.061 MMT. China’s accumulated soybean bookings MYTD are 55.8% of the total, at 28.61 MMT. Weather in SA remains supportive as we continue to see scattered moisture in the central regions of Brazil while southern Brazil and Argentina continue to show the drier than normal trend.

 

Today soybean prices moved up by INR 250-300 PMT in the domestic markets. All India soybeans arrival are reported around 50,000-52,000 metric tons in the domestic markets. In the future exchange soybean prices opened firm and traded high by 1.14% & at end of day closed at INR 44,890 against yesterday close of INR 44,840.

  State Plant Price (in INR-PMT)*
Madhya Pradesh 44,500-45,500
Maharashtra 44,500-46,500
Rajasthan 44,750-45,500
Rest India 44,500- 45,500
  As per moisture condition *+GST 5%

Market Prices :

The soybean meal prices  traded firm in the domestic markets. The soybean meal prices range INR 33,500-36,200+ GST across India. Reseller are quoting soybean meal prices lower by INR 200-400 PMT.

The Sunflower meal pellet prices improved by INR 500-700 PMT today & the importers are quoting in the price range INR 28,200- 28,500 +GST PMT ex Tuticorin port . Whereas resellers are quoting prices INR 28,000-28,100 +GST PMT.

The rapeseed meal prices open firm in the domestic markets.

 

Soybean Meal:

State Plant Price (in INR-PMT)*
Madhya Pradesh 33,500-36,000
Maharashtra 34,500-36,000
Rajasthan 34,900-36,000
Karnataka 34,900-36,200
*+GST 5% Moral condition
Soybean Meal Ex-Kandla Port
Port Meal Price PMT
Kandla-FOR(in INR/PMT) 37,000 -37,200+GST
Kandla-FAS (in USD/PMT) 510

 

Sunflower Meal:

Sunflower Meal Domestic Ex- Location
State Plant Price (in INR-PMT)* Min Protein
Karnataka 23,500-24,000 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 28,200-28,500 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 20,500-21,500
Madhya Pradesh 20,700-21,400
*+GST 5% Moral condition
Rapeseed Meal at Kandla Port Ex- Location
Port Meal Price PMT
Kandla-FOR(in INR/PMT) 20,900-21,000+GST5%
Kandla-FAS (in USD/PMT) 292