April 29, 2019 / 8:14 AM / in 21 days

Nagpur Soybean, Soyoil, Soymeal Open- April 29, 2019

Nagpur Soybean, Soyoil, Soymeal Open-April 29, 2018

Nagpur, April 29 (Reuters) – Prices of castor oil in non-edible today strengthened in Vidarbha
region of Western Maharashtra on increased offtake by overseas industries amid a firming trend
in producing regions. Buying activity in this oil picked up because of poor crop position
reports in this season. Trading activity other major edible oils reported weak as no trader was
in mood for any commitment because of Lok Sabha elections in Maharashtra. Fresh fall in
Malaysian palm oil also affected sentiment, sources said Monday. 

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from South-based traders.        
                                         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean oil 
    & soymeal, weak trend on NCDEX in last trading session and fresh fall 
    in Madhya Pradesh soyabean prices said to be the reasons for downward trend in 
    soyabean prices here. 
    About 550 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    34,000-36,500       34,400-36,500         --
    (Available price)
    Market delivery    34,100-36,600       34,500-36,600          --
    (Traders price)
    Plant delivery     37,800-38,000       37,800-38,000          --

    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 – 38,100, Washim – 38,200, Khamgaon – 37,600, Dhulia – 38,000, 
    Hingoli – 38,400, Jalna – 37,200, Nandurbar – 37,700, 
    Latur – 38,400, Nanded – 38,400, Solapur – 38,700, Sangli – 38,100.
        
    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         744            744
    Soyoil solvent crushing plant delivery         704            704    
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685
    Groundnut oil – loose (10 kg)                  1,120          1,120
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,920          1,900
    Coconut KP oil (for 15 kg)                     3,150          3,200

    AMRAVATI
    Soyoil refined                                 745            745
    Soyoil Solvent                                 705            705
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685

    AKOLA
    Soyoil refined                                 744            746
    Soyoil Solvent                                 704            706        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 754            754
  
    KHAMGAON
    Soyoil refined 
                                                749            749
    JALNA
    Soyoil refined 
                                                   750            750
    NANDED
    Soyoil refined                                 741            741
   
    Soyoil refined prices at other places in Maharashtra : Latur - 725, 
    Khamgaon – 744, Washim – 746, Solapur – 737, Sangli – 740.

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

WEATHER (NAGPUR)  
Maximum temp. 44.9 degree Celsius, minimum temp. 27.4 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 45 degree
Celsius and 27 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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