December 19, 2019 / 5:31 PM / in 2 months

Nagpur Soybean, Soyoil, Soymeal Open- December 19, 2019

Nagpur Soybean, Soyoil, Soymeal Open-December 19, 2019

Nagpur, Dec 19 (Reuters) – Soyabean oil prices today rose up in Vidarbha region of Western
Maharashtra on fresh buying by Vansaspati millers for the seasonal demand amid a firming trend
in producing regions. Fresh hike in Madhya Pradesh edible oils and enquiries from South-based
traders also helped to push up prices, according to sources.

                       *****
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 upward trend in soyabean oil here.   
    
   SOYMEAL
 * Soymeal prices today shot up here on increased demand from South-based traders.
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on good seasonal demand from local crushing plants amid 
  weak supply from producing regions. Fresh rise on NCDEX since past three sessions,
  fresh hike in Madhya Pradesh soyabean prices and reported demand from South-based 
  plants also pushed up prices. 
    About 1,300 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    37,000-42,150       36,500-41,600         --
    (Available price)
    Market delivery    37,100-42,250       36,600-41,700          --
    (Traders price)
    Plant delivery     43,000-43,700       42,500-43,000          --

    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 – 43,000, Washim – 43,400, Khamgaon – 43,000, Dhulia – 43,600, 
    Hingoli – 43,800, Jalna – 43,200, Nandurbar – 43,100, 
    Latur – 43,500, Nanded – 43,500, Solapur – 43,800, Sangli – 43,500.
        
    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.             1,800-2,200
    Dhan                 n.a.             n.a.             1,725-2,022
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         883            880
    Soyoil solvent crushing plant delivery         843            840    
    Cottonseed refined                             858            858
    Cottonseed solvent                             818            818
    Groundnut oil – loose (10 kg)                  1,270          1,270
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  980            980
    Linseed oil (10 kg)                            920            920
    Rapeseed oil (for 15 kg)                       1,470          1,470
    Castor oil (for 15 kg)                         1,530          1,530
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 885            880
    Soyoil Solvent                                 845            840
    Cottonseed refined                             862            862
    Cottonseed solvent                             822            822

    AKOLA
    Soyoil refined                                 880            875
    Soyoil Solvent                                 840            835        
    Cottonseed refined oil                         860          860 
    Cottonseed solvent                             820            820

    DHULIA
    Soyoil refined                                 883            880
  
    KHAMGAON
    Soyoil refined 
                                                881            878
    JALNA
    Soyoil refined 
                                                   885            880
    NANDED
    Soyoil refined                                 871            865
   
    Soyoil refined prices at other places in Maharashtra : Washim – 883, 
    Latur - 870, Solapur – 872, Sangli – 883.

    (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)                  36,000-36,500    35,300-35,800
      
    Soymeal prices at other places in Maharashtra : Akola – 35,200, 
    Washim – 36,500, Dhulia – 36,700, Hingoli – 36,000, Jalna – 36,800,
    Nandurbar – 37,000, Khamgaon – 35,000, Latur – 36,500, Nanded – 36,600,
    Solapur – 35,800, Dharwad – 36,400, Sangli – 36,300

WEATHER (NAGPUR)  
Maximum temp. 27.3 degree Celsius, minimum temp. 12.4 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 28 degree
Celsius and 12 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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