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 |