Limtex Agri Division

Market Updates as on 23rd Sept. 2013

Soya Bean Meal Extract  - New Crop of Soya Bean just arrived in the Country . Arrival is little Slow in M.P. , it will gradually increase by another 15 Days . Whereas Maharashtra Crop will come during First week of November . Current year Crop is very good Soo , experts opinion that prices may down during October 2013 , though there will be good demand for exports . There will be further increase in Prices November onwards . October Quotation is about USD 531.00 Per MT ( FOB Kandla Basis )  

DORB - Prices for De oiled rice Bran is almost stable . As this is off season and there is good demand as well . November onwards prices may come down  .

RSM -  Rape Seed Meal extract Season will come only after March 2014 . Currently market is Stable and expect to rise further in coming days . Demand is also stable . 

Yellow Corn – New Crop of Maize is coming in South Indian States . We can expect arrival Start in the month of October in Andhra pradesh . Crop size is good in all South States this year . 

Cumin Seed - Currently Prices are Strong due to heavy Demand for exports . Due to Syrian disturbance Cumin Demand has been Shifted towards India . Bangladesh , UAE , Saudi Arabia , Egypt , Pakistan are major buyer . 

Rice - Currently huge demand is coming of Raw Rice from African Region . So, Prices of Raw Rice increased a lot during last 20 days . Major Raw Rice market is Gondia Belt in Maharshtra State . Prices increased by about USD 15 to USD 17 per MT . Whereas Parboiled Prices are down in Gondia on other hand Parboiled Rice Prices are stable in West Bengal . West bengal is the largest Producer of Parboiled Silky Rice . 

Basmati Rice ( 1121 ) - Price came down by USD 30 per MT during last three days . New Crop is coming after 20th October . Price may go down after that . Good demand in 1121 for Iran and Saudi arabia .