Organic soybean prices remain elevated and few beans are expected to arrive in May and early June. Prices are hovering near $660 per metric ton FOB India. This puts organic soybean prices near $680 per short ton before transloading in Baltimore.
Approximately 6-ships are expected to leave the Nhava Sheva International port in May with 35-days on the sea and likely 14-days in ports before they arrive in the United States. It appears that shipments are running on a regular schedule. Nhava Sheva represents approximately 25% of the shipments that contained organic soybean or organic soybean meal in 2019 and is a representative of the shipments that are on their way to Baltimore.
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