August 9, 2019 / 9:08 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- August 9, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 9, 2018

Nagpur, Aug 9 (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 seasonal
demand amid a firming trend in overseas oil prices. Good recovery in American soya digam prices,
sharp 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 and linseed oil recovered sharply here on 
    increased demand from local traders. 
  * Groundnut loose, groundnut refined, rapeseed, castor and coconut KP oil ruled steady 
    here in sluggish trading activity.  
  * Traders expect further hike in soyabean and cottonseed oils 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 increased buying support from local crushing plants amid weak 
    arrival from producing regions because of heavy rains. Fresh rise on NCDEX, good 
    recovery in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also boosted prices. 
    About 200 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    33,000-35,600       32,700-35,600         --
    (Available price)
    Market delivery    33,100-35,700       32,800-35,700          --
    (Traders price)
    Plant delivery     36,900-37,100       36,900-37,100          --

    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 – 37,400, Washim – 37,600, Khamgaon – 36,600, Dhulia – 36,900, 
    Hingoli – 37,600, Jalna – 36,600, Nandurbar – 37,000, 
    Latur – 37,800, Nanded – 38,000, Solapur – 38,000, 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         752            748
    Soyoil solvent crushing plant delivery         712            708    
    Cottonseed refined                             785            782
    Cottonseed solvent                             745            742
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  930            920
    Linseed oil (10 kg)                            870            865
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 753            751
    Soyoil Solvent                                 707            711
    Cottonseed refined                             798            798
    Cottonseed solvent                             758            758

    AKOLA
    Soyoil refined                                 753            749
    Soyoil Solvent                                 706            709        
    Cottonseed refined oil                         798          798 
    Cottonseed solvent                             758            758

    DHULIA
    Soyoil refined                                 751            748
  
    KHAMGAON
    Soyoil refined 
                                                754            750
    JALNA
    Soyoil refined 
                                                   749            745
    NANDED
    Soyoil refined                                 747            743
   
    Soyoil refined prices at other places in Maharashtra : Latur - 746, 
    Khamgaon – 754, Washim – 748, Solapur – 744, Sangli – 751.

    (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)                  30,800-31,500    30,800-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 31,500, Dhulia – 31,500, Hingoli – 32,700, Jalna – 31,800,
    Nandurbar – 31,800, Khamgaon – 30,700, Latur – 32,200, Nanded – 32,200,
    Solapur – 32,800, Dharwad – 33,000, 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. 25.2 degree Celsius, minimum temp. 22.3 degree Celsius 
Rainfall : 93.6 mm
FORECAST: Generally cloudy sky with a few spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 28 degree Celsius and 23 degree Celsius respectively.

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