August 20, 2019 / 8:37 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- August 20, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 20, 2019

Nagpur, Aug 20 (Reuters) – Soyabean and cottonseed oil prices today recovered in Vidarbha region
of Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in
producing regions. Buying activity in edible oils picked up as Malaysian palm oil climbed in
overseas markets. Fresh hike in Madhya Pradesh soyabean oil prices also boosted sentiment,
sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, castor and 
    coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect nearly steady trend in major edible oils here. 
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor in weak trading activity.       
                                         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good seasonal demand from local crushing plants amid tight supply 
    from producing regions. Fresh hike in soyabean oil, upward trend on NCDEX and good 
    rise in Madhya Pradesh soyabean prices also boosted sentiment. 
    About 500 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    32,500-36,100       32,500-36,000         --
    (Available price)
    Market delivery    32,600-36,200       32,600-36,100          --
    (Traders price)
    Plant delivery     37,600-38,000       37,400-37,700          --

    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 – 37,700, Khamgaon – 37,600, Dhulia – 37,700, 
    Hingoli – 38,700, Jalna – 37,200, Nandurbar – 37,000, 
    Latur – 38,800, Nanded – 38,700, Solapur – 38,800, Sangli – 38,800.
        
    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         765            764
    Soyoil solvent crushing plant delivery         725            714    
    Cottonseed refined                             788            783
    Cottonseed solvent                             748            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          1,300
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 766            765
    Soyoil Solvent                                 726            725
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 767            766
    Soyoil Solvent                                 727            726        
    Cottonseed refined oil                         800          798 
    Cottonseed solvent                             760            758

    DHULIA
    Soyoil refined                                 766            764
  
    KHAMGAON
    Soyoil refined 
                                                768            766
    JALNA
    Soyoil refined 
                                                   767            765
    NANDED
    Soyoil refined                                 755            754
   
    Soyoil refined prices at other places in Maharashtra : Latur - 753, 
    Khamgaon – 763, Washim – 762, Solapur – 755, Sangli – 765.

    (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)                  31,500-32,000    31,500-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,800, 
    Washim – 32,200, Dhulia – 32,600, Hingoli – 33,500, Jalna – 32,700,
    Nandurbar – 32,200, Khamgaon – 31,500, Latur – 33,300, Nanded – 33,300,
    Solapur – 32,800, Dharwad – 33,700, 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. 23.1 degree Celsius 
Rainfall : 38.4 mm
FORECAST: Generally cloudy sky with a few spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 32 degree Celsius and 23 degree Celsius respectively.

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