April 2, 2019 / 9:09 AM / 17 days ago

Nagpur Soybean, Soyoil, Soymeal Open- April 02, 2019

Nagpur Soybean, Soyoil, Soymeal Open-April 2, 2018

Nagpur, April 2 (Reuters) – Barring a marginal rise in soyabean oil, major edible oil prices
today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed Soyabean oil prices up. Strong rally on international edible oil
market also boosted sentiment, sources said Tuesday.
 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut oil, groundnut refined, sunflower refined, rapeseed,
    castor and coconut KP oil ruled steady here thin trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here. 
    
   SOYMEAL
  * Soymeal prices today recovered strongly here on increased demand from local traders. 
    Fresh hike on international soymeal prices also helped to push up prices here.              
                                       

   SOYABEAN
  * Soyabean prices shot up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply from 
    producing regions. Sharp hike in soymeal, notable rise in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also boosted.
    About 900 new 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    34,000-36,650       33,600-36,300         --
    (Available price)
    Market delivery    34,100-36,750       33,700-36,400          --
    (Traders price)
    Plant delivery     37,100-37,300       37,100-37,300          --

    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 – 37,700, Washim – 37,600, Khamgaon – 37,000, Dhulia – 38,000, 
    Hingoli – 38,800, Jalna – 37,000, Nandurbar – 37,800, 
    Latur – 39,000, Nanded – 38,800, Solapur – 39,100, Sangli – 38,250.
        
    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.             1,400-1,550
    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         741            739
    Soyoil solvent crushing plant delivery         701            699    
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,750          1,750
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 742            740
    Soyoil Solvent                                 702            700
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685

    AKOLA
    Soyoil refined                                 742            741
    Soyoil Solvent                                 702            701        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 738            736
  
    KHAMGAON
    Soyoil refined 
                                                742            741
    JALNA
    Soyoil refined 
                                                   739            736
    NANDED
    Soyoil refined                                 726            724
   
    Soyoil refined prices at other places in Maharashtra : Latur - 736, 
    Khamgaon – 739, Washim – 738, Solapur – 726, Sangli – 730.

    (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)                  31,500-32,000    31,100-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,700, 
    Washim – 32,400, Dhulia – 33,800, Hingoli – 32,300, Jalna – 33,200,
    Nandurbar – 32,300, Khamgaon – 32,800, Latur – 34,000, Nanded – 33,600,
    Solapur – 33,800, Dharwad – 33,900, Sangli – 33,800

WEATHER (NAGPUR)  
Maximum temp. 41.4 degree Celsius, minimum temp. 22.4 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 41 degree
Celsius and 22 degree Celsius.

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

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