August 26, 2019 / 8:39 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- August 26, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 26, 2019

Nagpur, Aug 26 (Reuters) – Major edible and non-edible oil prices today shot up in Vidarbha
region of Western Maharashtra on fresh buying by Vansaspati millers for the festival demand amid
a firming trend in producing regions. Healthy recovery in Malaysian palm oil prices, notable
rise on NCDEX and reported demand from South-based traders also helped to push up prices,
according to sources.



                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, sunflower refined, rapeseed and castor oil today reported 
    strong here on increased buying support from local traders amid tight supply from
    crushing plants. Continuous fall in Indian rupee against dollar also fuelled oil 
    prices.
  * Groundnut loose, groundnut refined, linseed and coconut KP oil ruled steady here in 
    thin trading activity.  
  * Traders expect upward trend in major edible oils here. 
    
   SOYMEAL
  * Soymeal prices today zoomed up here on good buying support from South-based traders. 
    Fresh hike in international soymeal prices also boosted sentiment.       
                                         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak 
    supply from producing belts. Healthy rise in soyabean oil & soymeal, upward trend in 
    Madhya Pradesh soyabean prices and enquiries 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    34,750-36,300       34,300-36,200         --
    (Available price)
    Market delivery    34,850-36,400       34,400-36,300          --
    (Traders price)
    Plant delivery     37,700-38,000       37,500-37,800          --

    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 – 37,900, Khamgaon – 37,900, Dhulia – 37,800, 
    Hingoli – 38,700, Jalna – 37,200, Nandurbar – 37,000, 
    Latur – 38,700, Nanded – 38,700, Solapur – 38,800, Sangli – 38,600.
        
    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         775            770
    Soyoil solvent crushing plant delivery         735            729    
    Cottonseed refined                             790            787
    Cottonseed solvent                             750            747
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  940            930
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,320          1,300
    Castor oil (for 15 kg)                         1,870          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 776            770
    Soyoil Solvent                                 736            730
    Cottonseed refined                             805            802
    Cottonseed solvent                             765            762

    AKOLA
    Soyoil refined                                 776            772
    Soyoil Solvent                                 736            730        
    Cottonseed refined oil                         805          802 
    Cottonseed solvent                             765            762

    DHULIA
    Soyoil refined                                 776            772
  
    KHAMGAON
    Soyoil refined 
                                                778            771
    JALNA
    Soyoil refined 
                                                   776            772
    NANDED
    Soyoil refined                                 765            760
   
    Soyoil refined prices at other places in Maharashtra : Latur - 763, 
    Khamgaon – 775, Washim – 760, Solapur – 766, Sangli – 774.

    (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)                  32,000-32,500    31,500-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,300, 
    Washim – 32,700, Dhulia – 33,300, Hingoli – 33,900, Jalna – 33,300,
    Nandurbar – 32,900, Khamgaon – 31,900, Latur – 33,700, Nanded – 33,400,
    Solapur – 33,400, Dharwad – 34,100, Sangli – 32,500

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

WEATHER (NAGPUR)  
Maximum temp. 37.0 degree Celsius, minimum temp. 23.7 degree Celsius 
Rainfall : 6.0 mm
FORECAST: Generally cloudy sky with moderate rains. Maximum and minimum temperature likely to be
around 27 degree Celsius and 23 degree Celsius respectively.

        *    *     *    *    *    *

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below