December 31, 2018 / 7:20 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- DEC 31, 2018

Nagpur Soybean, Soyoil, Soymeal Open-December 31, 2018

Nagpur, Dec 31 (Reuters) – Soyabean and cottonseed oil prices reported strong in Vidarbha region
of Western Maharashtra on fresh buying by Vansaspati millers for the festive season amid a
firming global trend. Sentiment also improved after palm oil climbed in Malaysian oil market.
Notable hike on NCDEX in soyabean oil, healthy rise in Madhya Pradesh soyabean oil, reported
demand from South-based traders and weak overseas supply also fuelled price, according to
sources.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, Castor and 
    Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect upward trend in Soyabean and Cottonseed oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady in open market here but demand was poor.
 
         
   SOYABEAN
  * Soyabean prices firmed up again 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, healthy rise in Madhya Pradesh 
    soyabean prices and reported demand from South-based plants also jacked up prices. 
    About 700 new 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    30,000-33,000       30,000-32,700         --
    (Available price)
    Market delivery    30,100-33,100       30,100-32,800          --
    (Traders price)
    Plant delivery     34,300-34,700       34,000-34,500          --

    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 – 34,500, Washim – 34,400, Khamgaon – 34,800, Dhulia – 35,100, 
    Hingoli – 35,000, Jalna – 35,200, Nandurbar – 35,100, 
    Latur – 34,700, Nanded – 34,600, Solapur – 35,200, Sangli – 35,000.
        
    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.             1,850-2,180
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         736            732
    Soyoil solvent crushing plant delivery         696            691    
    Cottonseed refined                             688            685
    Cottonseed solvent                             668            665
    Groundnut oil – loose (10 kg)                  1,100          1,100
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,780          1,780
    Coconut KP oil (for 15 kg)                     3,100          3,100

    AMRAVATI
    Soyoil refined                                 735            731
    Soyoil Solvent                                 695            691
    Cottonseed refined                             693            686
    Cottonseed solvent                             658            655

    AKOLA
    Soyoil refined                                 736            732
    Soyoil Solvent                                 696            691        
    Cottonseed refined oil                         693          688 
    Cottonseed solvent                             658            654

    DHULIA
    Soyoil refined                                 735            732
  
    KHAMGAON
    Soyoil refined 
                                                739            734
    JALNA
    Soyoil refined 
                                                   735            729
    NANDED
    Soyoil refined                                 718            715
   
    Soyoil refined prices at other places in Maharashtra : Latur - 719, 
    Khamgaon – 736, Washim – 737, Solapur – 719, Sangli – 729.

    (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)                  27,300-27,800    27,300-27,800
      
    Soymeal prices at other places in Maharashtra : Akola – 27,200, 
    Washim – 28,200, Dhulia – 28,800, Hingoli – 28,200, Jalna – 28,800,
    Nandurbar – 29,300, Khamgaon – 27,000, Latur – 28,800, Nanded – 28,200,
    Solapur – 29,200, Dharwad – 29,500, Sangli – 28,500

WEATHER (NAGPUR)  
Maximum temp. 26.0 degree Celsius, minimum temp. 5.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 26 degree
Celsius and 5 degree Celsius.

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

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