December 3, 2019 / 9:57 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- December 03, 2019

Nagpur Soybean, Soyoil, Soymeal Open-December 3, 2019

Nagpur, Dec 3 (Reuters) – Soyabean and cottonseed oil prices today shot up 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 because of good recovery in overseas oil
prices. Healthy rise on NCDEX and reported demand from South-based traders also boosted prices,
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 upward trend in soyabean and cottonseed oils here.   
    
   SOYMEAL
 * Soymeal prices today zoomed up here on increased buying support from South-based 
   traders. Sharp rise in international soymeal prices also boosted sentiment.
                                         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on good buying support from local crushing plants amid weak supply
  from producing belts. Sharp rise in soyabean oil & soymeal, good recovery on NCDEX,
  upward trend in Madhya Pradesh soyabean prices and reported demand from South-based 
  plants also jacked up prices here. 
    About 2,600 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    33,000-39,600       32,400-39,000         --
    (Available price)
    Market delivery    33,100-39,700       32,500-39,100          --
    (Traders price)
    Plant delivery     40,000-40,700       40,000-40,700          --

    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 – 40,000, Washim – 39,800, Khamgaon – 39,900, Dhulia – 40,500, 
    Hingoli – 40,400, Jalna – 40,300, Nandurbar – 39,800, 
    Latur – 40,400, Nanded – 39,800, Solapur – 41,500, Sangli – 40,000.
        
    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.             2,100-2,300
    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         821            815
    Soyoil solvent crushing plant delivery         781            775    
    Cottonseed refined                             788            785
    Cottonseed solvent                             748            745
    Groundnut oil – loose (10 kg)                  1,260          1,260
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  970            970
    Linseed oil (10 kg)                            900            900
    Rapeseed oil (for 15 kg)                       1,440          1,440
    Castor oil (for 15 kg)                         1,580          1,580
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 821            817
    Soyoil Solvent                                 781            776
    Cottonseed refined                             798            790
    Cottonseed solvent                             758            750

    AKOLA
    Soyoil refined                                 822            816
    Soyoil Solvent                                 782            778        
    Cottonseed refined oil                         800          790 
    Cottonseed solvent                             760            750

    DHULIA
    Soyoil refined                                 819            812
  
    KHAMGAON
    Soyoil refined 
                                                812            812
    JALNA
    Soyoil refined 
                                                   814            808
    NANDED
    Soyoil refined                                 812            807
   
    Soyoil refined prices at other places in Maharashtra : Latur - 810, 
    Washim – 817, Solapur – 806, Sangli – 820.

    (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)                  33,300-33,800    33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 33,200, 
    Washim – 33,500, Dhulia – 34,700, Hingoli – 34,200, Jalna – 34,500,
    Nandurbar – 34,500, Khamgaon – 32,600, Latur – 34,700, Nanded – 34,300,
    Solapur – 33,700, Dharwad – 34,000, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 31.2 degree Celsius, minimum temp. 15.8 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 31 degree
Celsius and 16 degree Celsius respectively.

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

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