August 21, 2018 / 8:01 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- AUG 21, 2018

Nagpur Soybean, Soyoil, Soymeal Open-August 21, 2018

Nagpur, Aug 21 (Reuters) – Prices of Groundnut oil in edible section and Castor oil in
non-edible section today rose up in Vidarbha region of Western Maharashtra on fresh buying by
Vansaspati millers for the festival season 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, Sunflower refined, Linseed, Rapeseed and Coconut KP oil ruled 
    steady here in sluggish trading activity. 
  * Traders expect further rise in Groundnut oil here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from local traders. Fresh 
    fall in international soymeal prices also affected sentiment in limited deals.
         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good seasonal demand from local crushing plants amid tight
    supply from producing regions because of rains. Notable rise in Madhya Pradesh 
    soyabean prices and reported demand from South-based plants also boosted prices.  
    About 400 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    31,000-34,000       31,000-33,700         --
    (Available price)
    Market delivery    31,100-34,100       31,100-33,800          --
    (Traders price)
    Plant delivery     35,600-36,000       35,600-36,000          --

    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 – 36,200, Washim – 36,200, Khamgaon – 35,600, Dhulia – 35,500, 
    Hingoli – 36,000, Jalna – 36,000, Nandurbar – 36,000, 
    Latur – 36,500, Nanded – 36,500, Solapur – 36,800, Sangli – 36,300.
        
    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
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         754            754
    Soyoil solvent crushing plant delivery         714            711    
    Cottonseed refined                             790            790
    Cottonseed solvent                             760            760
    Groundnut oil (loose)                          1,080          1,070
    Groundnut oil refined (15 Litre)               1,670          1,650
    Sunflower oil refined                          880            880
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,540          1,520
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 756            756
    Soyoil Solvent                                 716            716
    Cottonseed refined                             790            790
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 757            757
    Soyoil Solvent                                 717            717        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 756            756
  
    KHAMGAON
    Soyoil refined 
                                                756            756
    JALNA
    Soyoil refined 
                                                   758            758
    NANDED
    Soyoil refined                                 745            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Khamgaon – 758, Washim – 755, Solapur – 745, Sangli – 751.

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

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  28,900-29,300    28,900-29,300
      
    Soymeal prices at other places in Maharashtra : Akola – 29,500, 
    Washim – 29,000, Dhulia – 29,700, Hingoli – 29,700, Jalna – 30,200,
    Nandurbar – 29,700, Khamgaon – 28,200, Latur – 29,900, Nanded – 30,700,
    Solapur – 30,500, Dharwad – 30,500, Sangli – 29,800

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. 23.0 degree Celsius 
Rainfall : 80.0 mm
FORECAST: Generally cloudy sky with a few spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 31 and 23 degree Celsius respectively.

ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Wednesday, on the occasion of Bakri Eid.



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