November 8, 2019 / 8:29 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- November 08, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 8, 2018

Nagpur, Nov 8 (Reuters) – Soyabean and cottonseed oil prices strengthened in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing
regions. Buying activity in edible oils picked up as Malaysian palm oil climbed in overseas
markets. Healthy rise on NCDEX and reported demand from South-based traders also boosted prices,
sources said Friday.


                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, 
    castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect further rise in cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor.
                                         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on good demand from local crushing plants amid weak supply from 
  producing regions. Fresh rise in soyabean oil, upward trend on NCDEX, fresh hike in 
  Madhya Pradesh soyabean prices and reported demand from South-based plants also 
  helped to push up prices.  
    About 5,000 soyabean bags reported for auction in Nagpur APMC, according to 
    sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       (Auction price)    (Auction price)
    Market delivery    29,000-37,650       29,000-37,200         --
    (Available price)
    Market delivery    29,100-37,750       29,100-37,300          --
    (Traders price)
    Plant delivery     38,000-38,500       38,000-38,500          --

    Soybean yellow arrivals (in 90-kg bags) and prices (in rupees per tonne) 
in Vidarbha, according to officials of Agriculture Produce Marketing Committee
and trade sources.
                         Deliveries          Available prices
    Hinganghat             n.a.                   n.a.
    Akola                  n.a.               n.a.
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    Arvi                   n.a.                   n.a.
    Umred                  n.a.                   n.a.
    Chandrapur             n.a.            n.a 

    Soyabean plant prices at other places in Maharashtra : Adilabad – n.a., 
    Akola – 38,300, Washim – 38,500, Khamgaon – 38,600, Dhulia – 39,200, 
    Hingoli – 39,200, Jalna – 37,100, Nandurbar – 39,300, 
    Latur – 39,300, Nanded – 38,700, Solapur – 39,500, Sangli – 38,500.
        
    Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and
Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag), Dhan arrival (75 kg bag), cotton
(100 kg) and prices (in rupees per 100 kilogram) in Nagpur, according to APMC sources:

                        Deliveries    Available prices    Previous close
    Sunflower              n.a.            n.a.                2,400-2,600
    Groundnut              n.a.            n.a.                700-900
    Linseed                n.a.            n.a.           4,300-4,600
    Castor                 n.a.            n.a.            2,850-3,000
    Rapeseed               n.a.            n.a.                1,520-1,625
    Til                    n.a.                n.a.                7,500-8,000
    Dhaniya                n.a.            n.a.           5,400-5,800 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             2,100-2,300
    Dhan                  n.a.            n.a.             1,900-2,150
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         800            794
    Soyoil solvent crushing plant delivery         760            755    
    Cottonseed refined                             805            800
    Cottonseed solvent                             765            760
    Groundnut oil – loose (10 kg)                  1,260          1,260
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  940            940
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,650          1,650
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 798            794
    Soyoil Solvent                                 758            750
    Cottonseed refined                             808            798
    Cottonseed solvent                             765            758

    AKOLA
    Soyoil refined                                 799            792
    Soyoil Solvent                                 759            751        
    Cottonseed refined oil                         808          798 
    Cottonseed solvent                             766            760

    DHULIA
    Soyoil refined                                 793            788
  
    KHAMGAON
    Soyoil refined 
                                                785            779
    JALNA
    Soyoil refined 
                                                   792            788
    NANDED
    Soyoil refined                                 786            779
   
    Soyoil refined prices at other places in Maharashtra : Latur - 792, 
    Washim – 794, Solapur – 786, Sangli – 792.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.
     Soyabean and Cottonseed oil - 10 litre)                        
                                 
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  33,000-33,500    33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,800, 
    Washim – 33,300, Dhulia – 34,500, Hingoli – 34,500, Jalna – 34,500,
    Nandurbar – 34,700, Khamgaon – 32,500, Latur – 34,500, Nanded – 34,500,
    Solapur – 34,700, Dharwad – 34,900, Sangli – 34,000

WEATHER (NAGPUR)  
Maximum temp. 33.4 degree Celsius, minimum temp. 20.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 33 degree Celsius and 20 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

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