August 2, 2019 / 8:52 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- August 2, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 2, 2019

Nagpur, Aug 2 (Reuters) – Groundnut & sunflower oil in edible section and rapeseed oil in
non-edible section today rose up in Vidarbha region of Western Maharashtra on fresh buying by
Vansaspati millers for the festive season amid a firming trend in producing regions. Trading
activity in other edible oils reported weak as no trader was in mood for any commitment because
of downward trend in overseas edible oils, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, linseed, castor and coconut KP oil ruled steady here in 
    thin trading activity.  
  * Traders expect fresh hike in groundnut oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.        
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Fresh hike on NCDEX, good 
    recovery in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also jacked up prices. 
    About 150 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    32,000-35,800       32,000-35,500         --
    (Available price)
    Market delivery    32,100-35,900       32,100-35,600          --
    (Traders price)
    Plant delivery     36,900-37,250       36,800-37,000          --

    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 – 37,600, Washim – 37,600, Khamgaon – 36,600, Dhulia – 37,300, 
    Hingoli – 37,600, Jalna – 36,600, Nandurbar – 37,000, 
    Latur – 37,600, Nanded – 37,800, Solapur – 37,800, Sangli – 38,500.
        
    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.             1,400-1,550
    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         745            745
    Soyoil solvent crushing plant delivery         705            705    
    Cottonseed refined                             781            781
    Cottonseed solvent                             741            741
    Groundnut oil – loose (10 kg)                  1,230          1,220
    Groundnut oil refined (15 Litre)               1,820          1,800
    Sunflower oil refined (10 kg)                  910            900
    Linseed oil (10 kg)                            865            865
    Rapeseed oil (for 15 kg)                       1,270          1,260
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 746            746
    Soyoil Solvent                                 706            706
    Cottonseed refined                             793            793
    Cottonseed solvent                             753            753

    AKOLA
    Soyoil refined                                 746            746
    Soyoil Solvent                                 706            706        
    Cottonseed refined oil                         795          795 
    Cottonseed solvent                             755            755

    DHULIA
    Soyoil refined                                 747            747
  
    KHAMGAON
    Soyoil refined 
                                                751            751
    JALNA
    Soyoil refined 
                                                   742            742
    NANDED
    Soyoil refined                                 737            737
   
    Soyoil refined prices at other places in Maharashtra : Latur - 738, 
    Khamgaon – 750, Washim – 739, Solapur – 737, Sangli – 745.

    (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)                  30,700-31,200    30,700-31,200
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 31,300, Dhulia – 31,500, Hingoli – 32,500, Jalna – 32,000,
    Nandurbar – 31,500, Khamgaon – 31,000, Latur – 32,300, Nanded – 32,100,
    Solapur – 32,800, Dharwad – 32,300, Sangli – 31,800

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

WEATHER (NAGPUR)  
Maximum temp. 28.3 degree Celsius, minimum temp. 24.1 degree Celsius 
Rainfall : 1.2 mm
FORECAST: Generally cloudy sky with few spells of rains or thunder-showers. Maximum and minimum
temperature likely to be around 29 degree Celsius and 24 degree Celsius respectively.

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