August 13, 2019 / 8:05 AM / 4 days ago

Nagpur Soybean, Soyoil, Soymeal Open- August 13, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 13, 2018

Nagpur, Aug 13 (Reuters) – Soyabean and cottonseed oil prices today strengthened in Vidarbha
region of Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in
producing regions. Buying activity in these edible oils picked up as American soya digam climbed
in overseas markets. Healthy rise on NCDEX and reported demand from South-based traders also
boosted prices, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, linseed, rapeseed, castor and coconut KP oil 
    ruled steady here in sluggish trading activity.  
  * Traders expect upward trend in soyabean and cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Easy condition in 
    international soymeal prices also affected sentiment in limited deals here.        
                                         
   SOYABEAN
  * Soyabean prices showed upward tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply 
    from producing regions. Fresh hike on NCDEX, good rise in soyabean oil, upward trend 
    in Madhya Pradesh soyabean prices and reported demand from South-based plants also 
    jacked up 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    33,000-36,100       33,000-35,900         --
    (Available price)
    Market delivery    33,100-36,200       33,100-36,000          --
    (Traders price)
    Plant delivery     37,300-37,800       37,000-37,500          --

    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 – 37,700, Dhulia – 37,400, 
    Hingoli – 39,000, Jalna – 37,600, Nandurbar – 37,000, 
    Latur – 38,500, Nanded – 39,000, Solapur – 39,000, Sangli – 38,000.
        
    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         756            756
    Soyoil solvent crushing plant delivery         716            716    
    Cottonseed refined                             785            783
    Cottonseed solvent                             745            743
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  930            930
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,300          1,280
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 757            753
    Soyoil Solvent                                 717            713
    Cottonseed refined                             795            792
    Cottonseed solvent                             755            753

    AKOLA
    Soyoil refined                                 758            753
    Soyoil Solvent                                 718            713        
    Cottonseed refined oil                         795          792 
    Cottonseed solvent                             755            753

    DHULIA
    Soyoil refined                                 760            757
  
    KHAMGAON
    Soyoil refined 
                                                758            754
    JALNA
    Soyoil refined 
                                                   754            749
    NANDED
    Soyoil refined                                 752            747
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Khamgaon – 757, Washim – 752, Solapur – 748, Sangli – 755.

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

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

WEATHER (NAGPUR)  
Maximum temp. 33.8 degree Celsius, minimum temp. 24.6 degree Celsius 
Rainfall : 2.3 mm
FORECAST: Generally cloudy sky with heavy rains. Maximum and minimum temperature likely to be
around 32 degree Celsius and 25 degree Celsius respectively.

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