April 8, 2019 / 9:10 AM / 3 months ago

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

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

Nagpur, April 8 (Reuters) – Prices of major edible and non-edible oils today rose up in Vidarbha
region of Western Maharashtra on fresh buying by Vansaspati millers for the seasonal demand amid
a firming trend in producing regions. Weak supply from producing regions and reported demand of
traders of other states also boosted prices. Sharp rise on NCDEX in soyabean oil and good
recovery in Madhya Pradesh oils also boosted sentiment, according to sources.
 

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, linseed and castor oil 
    firmed up here on increased buying support from local traders.
  * Sunflower refined, linseed, rapeseed and coconut KP oil ruled steady here in sluggish 
    trading activity.  
  * Traders expect further rise in soyabean and cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today shot up here on good demand from South-based traders. Good 
    demand from overseas traders also helped to push up prices.         
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants amid high moisture 
    content arrival. Fresh fall on NCDEX, easy condition in Madhya Pradesh soyabean 
    prices and release of stock from stockists also pushed down prices.
    About 500 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    34,500-37,600       35,000-37,600         --
    (Available price)
    Market delivery    34,600-37,700       35,100-37,700          --
    (Traders price)
    Plant delivery     37,400-38,100       37,400-38,100          --

    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 – 37,800, Washim – 38,000, Khamgaon – 37,600, Dhulia – 38,000, 
    Hingoli – 39,600, Jalna – 37,000, Nandurbar – 37,800, 
    Latur – 39,600, Nanded – 39,600, Solapur – 39,900, 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         751            748
    Soyoil solvent crushing plant delivery         711            708    
    Cottonseed refined                             735            730
    Cottonseed solvent                             695            690
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,620          1,610
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            860            850
    Rapeseed oil (for 15 kg)                       1,310          1,310
    Castor oil (for 15 kg)                         1,870          1,850
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 752            748
    Soyoil Solvent                                 712            708
    Cottonseed refined                             735            730
    Cottonseed solvent                             695            690

    AKOLA
    Soyoil refined                                 753            748
    Soyoil Solvent                                 713            708        
    Cottonseed refined oil                         740          735 
    Cottonseed solvent                             700            695

    DHULIA
    Soyoil refined                                 759            756
  
    KHAMGAON
    Soyoil refined 
                                                754            752
    JALNA
    Soyoil refined 
                                                   751            749
    NANDED
    Soyoil refined                                 738            733
   
    Soyoil refined prices at other places in Maharashtra : Latur - 747, 
    Khamgaon – 7450, Washim – 749, Solapur – 737, Sangli – 741.

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

WEATHER (NAGPUR)  
Maximum temp. 41.8 degree Celsius, minimum temp. 25.3 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 42 degree
Celsius and 25 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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