Organic soybean meal prices remain volatile and The Jacobsen is receiving a wide range of prices from exporters. Prices are quoted as low as $615 per metric ton FOB India and as high as $685 for the Q1 of 2020. There are also several prices in the middle closer to $640 per metric ton. With freight rates remaining as high at $120/$125 per metric to move organic soybean meal to the east coast, consumers should expect to see a wide range of prices depending on the location.

Organic Milk Sales Continue to Climb

The spread of the pandemic in the US is helping to buoy organic milk sales at a solid pace. Grocery store sales have continued to trend upward, rising more than 9% in September, according to the US Commerce Department. Organic milk sales have slightly outpaced that level, rising 10% year over year in October and rising 11% year over year for the 8-months that incorporate the spread of the pandemic according to The…