August 8, 2018 / 9:27 AM / in 3 months

Nagpur Soybean, Soyoil, Soymeal Open- AUG 08, 2018

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

Nagpur, Aug 8 (Reuters) – Prices of Groundnut, Sunflower oil in edible section and Linseed oil
in non-edible section 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 like
Gujarath and Tamilnadu. Weak supply from producing regions and reported demand of traders of
other states also boosted prices. Trading activity in other edible oils reported weak because of
fresh hike in American soya digam prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Rapeseed, Castor and Coconut KP oil ruled steady here in 
    sluggish trading activity. 
  * Traders expect further rise in Groundnut oil prices here.
    
   SOYMEAL

  * Soymeal prices today ruled steady on poor demand from local traders amid ample stock 
    in ready position.
         
   SOYABEAN
  * Soyabean prices firmed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Fresh rise in Madhya 
    Pradesh soyabean prices and reported demand from South-based plants also jacked up 
    prices. 
    About 300 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    32,000-34,800       32,000-34,500         --
    (Available price)
    Market delivery    32,100-34,900       32,100-34,600          --
    (Traders price)
    Plant delivery     36,600-37,000       36,600-37,000          --

    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 – 36,300, Washim – 36,400, Khamgaon – 36,500, Dhulia – 36,700, 
    Hingoli – 37,100, Jalna – 36,500, Nandurbar – 36,800, 
    Latur – 37,600, Nanded – 37,600, Solapur – 38,000, Sangli – 37,500.
        
    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.             1,100-1,300
    Dhan                  n.a.            n.a.             2,100-2,441
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Wednesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         751            751
    Soyoil solvent crushing plant delivery         711            711    
    Cottonseed refined                             770            770
    Cottonseed solvent                             750            750
    Groundnut oil (loose)                          1,050          1,040
    Groundnut oil refined (15 Litre)               1,620          1,600
    Sunflower oil refined                          880            870
    Linseed oil                                    900            890
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,520          1,520
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 752            752
    Soyoil Solvent                                 712            712
    Cottonseed refined                             785            785
    Cottonseed solvent                             755            755

    AKOLA
    Soyoil refined                                 753            753
    Soyoil Solvent                                 713            713        
    Cottonseed refined oil                         785          785 
    Cottonseed solvent                             755            755

    DHULIA
    Soyoil refined                                 753            753
  
    KHAMGAON
    Soyoil refined 
                                                747            747
    JALNA
    Soyoil refined 
                                                   755            755
    NANDED
    Soyoil refined                                 745            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Parbhani – 747, Koosnoor – 746, Solapur – 745, Sangli – 747.

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

                  Wednesday’s open     Previous Close
    Soymeal (Nagpur)                  29,600-30,000      29,600-30,000
      
    Soymeal prices at other places in Maharashtra : Akola – 30,200, 
    Washim – 29,700, Dhulia – 30,800, Hingoli – 30,500, Jalna – 31,000,
    Nandurbar – 30,400, Khamgaon – 29,000, Latur – 30,400, Nanded – 31,000,
    Solapur – 31,400, Dharwad – 31,500, Sangli – 30,500

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

WEATHER (NAGPUR)  
Maximum temp. 31.0 degree Celsius, minimum temp. 23.3 degree Celsius 
Rainfall : 2.4 mm
FORECAST: Generally cloudy sky with a few spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 31 and 24 degree Celsius respectively.

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