December 4, 2019 / 10:29 AM / 7 days ago

Nagpur Soybean, Soyoil, Soymeal Open- December 04, 2019

Nagpur Soybean, Soyoil, Soymeal Open-December 4, 2019

Nagpur, Dec 4 (Reuters) – The rising trend in soyabean oil remained unabated for the third
straight day today in Vidarbha region of Central Maharashtra as prices rise further on increased
buying by vanaspati millers for the ongoing festival season, amid a firm overseas trend.
Sentiment remained strong, as soya digam oil prices rose in America. Notable rise on NCDEX and
increased demand from South-based traders also pushed up prices, sources said Wednesday.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, 
    castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect further rise in soyabean oil 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 demand from local crushing plants amid tight supply
  from producing belts. Further hike in soyabean oil, good recovery in Madhya Pradesh
  soyabean prices and reported demand from South-based plants also boosted prices here. 
    About 2,300 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    35,000-40,300       34,400-39,800         --
    (Available price)
    Market delivery    36,100-40,400       34,500-39,900          --
    (Traders price)
    Plant delivery     40,200-40,800       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 – 40,700, 
    Hingoli – 40,400, Jalna – 40,300, Nandurbar – 39,800, 
    Latur – 40,300, 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                  5,000       1,800-2,200          1,900-2,150
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         824            821
    Soyoil solvent crushing plant delivery         784            781    
    Cottonseed refined                             788            788
    Cottonseed solvent                             748            748
    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                                 823            821
    Soyoil Solvent                                 783            781
    Cottonseed refined                             798            798
    Cottonseed solvent                             758            758

    AKOLA
    Soyoil refined                                 824            822
    Soyoil Solvent                                 784            782        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 820            817
  
    KHAMGAON
    Soyoil refined 
                                                814            812
    JALNA
    Soyoil refined 
                                                   815            814
    NANDED
    Soyoil refined                                 814            812
   
    Soyoil refined prices at other places in Maharashtra : Latur - 812, 
    Washim – 819, Solapur – 808, Sangli – 822.

    (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)                  33,000-33,500    33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,900, 
    Washim – 33,500, Dhulia – 34,500, Hingoli – 34,200, Jalna – 34,800,
    Nandurbar – 34,700, Khamgaon – 32,800, Latur – 34,500, Nanded – 34,500,
    Solapur – 33,700, Dharwad – 34,000, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 30.9 degree Celsius, minimum temp. 16.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 30 degree
Celsius and 15 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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