December 30, 2019 / 8:57 AM / 19 days ago

Nagpur Soybean, Soyoil, Soymeal Open- December 30, 2019

Nagpur Soybean, Soyoil, Soymeal Open-December 30, 2018

Nagpur, Dec 30 (Reuters) – About thirty dollar per tonne hike in a month in overseas edible oils
has started showing its effects here. Prices of major edible and non-edible oils today moved up
in Vidarbha region of Western Maharashtra amid weak supply from local crushing plants. Healthy
rise in Malaysian palm, sharp recovery on NCDEX, fresh hike in Madhya Pradesh oil and reported
demand from South and North-based traders also helped to push up prices, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed 
    and rapeseed oil today flared up here on good buying support from local traders.
  * Castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect good rise in major edible oils here.   
    
   SOYMEAL
 * Soymeal prices today showed firm tendency here on good demand from South-based trader. 
                                         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on increased demand from local crushing plants amid weak 
  supply from producing regions. Healthy rise in soyabean oil & soymeal, fresh hike on 
  NCDEX, good recovery in Madhya Pradesh soyabean prices and repeated enquiries from 
  South-based plants also boosted prices here. 
    About 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    37,000-43,100       37,000-42,800         --
    (Available price)
    Market delivery    37,100-43,400       37,100-42,900          --
    (Traders price)
    Plant delivery     44,700-45,000       44,700-45,000          --

    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 – 45,000, Washim – 45,100, Khamgaon – 44,900, Dhulia – 45,000, 
    Hingoli – 46,000, Jalna – 44,500, Nandurbar – 45,100, 
    Latur – 46,000, Nanded – 46,000, Solapur – 46,000, Sangli – 45,000.
        
    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.           6,000-6,300 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,500-2,000
    Dhan                  n.a             n.a.             1,800-2,066
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         932            923
    Soyoil solvent crushing plant delivery         892            883    
    Cottonseed refined                             910            900
    Cottonseed solvent                             870            860
    Groundnut oil – loose (10 kg)                  1,350          1,330
    Groundnut oil refined (15 Litre)               1,950          1,920
    Sunflower oil refined (10 kg)                  1,000            980
    Linseed oil (10 kg)                            1,000            970
    Rapeseed oil (for 15 kg)                       1,560          1,530
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 935            925
    Soyoil Solvent                                 895            885
    Cottonseed refined                             915            905
    Cottonseed solvent                             875            870

    AKOLA
    Soyoil refined                                 935            925
    Soyoil Solvent                                 895            885        
    Cottonseed refined oil                         915          905 
    Cottonseed solvent                             875            870

    DHULIA
    Soyoil refined                                 940            930
  
    KHAMGAON
    Soyoil refined 
                                                928            915
    JALNA
    Soyoil refined 
                                                   940            930
    NANDED
    Soyoil refined                                 935            930
   
    Soyoil refined prices at other places in Maharashtra : Washim – 933, 
    Latur - 935, Solapur – 935, Sangli – 939.

    (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)                  37,400-37,800    36,300-37,700
      
    Soymeal prices at other places in Maharashtra : Akola – 36,800, 
    Washim – 37,700, Dhulia – 38,300, Hingoli – 37,000, Jalna – 38,500,
    Nandurbar – 38,300, Khamgaon – 36,500, Latur – 38,500, Nanded – 38,500,
    Solapur – 38,000, Dharwad – 36,800, Sangli – 37,800

WEATHER (NAGPUR)  
Maximum temp. 24.1 degree Celsius, minimum temp. 6.5 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 25 degree
Celsius and 09 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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