December 31, 2019 / 3:39 PM / 23 days ago

Nagpur Soybean, Soyoil, Soymeal Open- December 31, 2019

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

Nagpur, Dec 31 (Reuters) – Soyabean and cottonseed oil prices today strengthened 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 American soya digam climbed in
overseas markets. Notable hike in Madhya Pradesh soyabean oil prices and reported demand from
South-based traders also helped to push up 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 further rise in soyabean and cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today showed firm tendency here on good demand from South-based trader. 
   Fresh hike in international soymeal prices also boosted sentiment. 
                                         
   SOYABEAN
  * Soyabean prices recovered further in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on good buying support from local crushing plants amid weak 
  supply from producing regions. Notable rise in soyabean oil & soymeal, fresh hike on 
  NCDEX, upward trend in Madhya Pradesh soyabean prices and reported demand from 
  South-based plants also helped to push up prices here. 
    About 1,200 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    38,000-43,300       37,300-43,100         --
    (Available price)
    Market delivery    38,100-43,400       37,400-43,200          --
    (Traders price)
    Plant delivery     45,000-45,400       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 – 45,200, Washim – 45,300, Khamgaon – 45,000, Dhulia – 45,000, 
    Hingoli – 46,200, Jalna – 44,800, Nandurbar – 45,100, 
    Latur – 46,200, Nanded – 46,200, Solapur – 46,500, 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                10            4,800-5,000           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                20            6,200-6,400           6,000-6,300 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          15         1,800-2,000        1,500-2,000
    Dhan                  8,000         1,850-2,114        1,800-2,066
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         935            923
    Soyoil solvent crushing plant delivery         895            883    
    Cottonseed refined                             915            900
    Cottonseed solvent                             875            860
    Groundnut oil – loose (10 kg)                  1,350          1,350
    Groundnut oil refined (15 Litre)               1,950          1,950
    Sunflower oil refined (10 kg)                  1,000          1,000
    Linseed oil (10 kg)                            1,000          1,000
    Rapeseed oil (for 15 kg)                       1,560          1,560
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 940            935
    Soyoil Solvent                                 900            885
    Cottonseed refined                             920            915
    Cottonseed solvent                             880            875

    AKOLA
    Soyoil refined                                 940            935
    Soyoil Solvent                                 900            895        
    Cottonseed refined oil                         920          915 
    Cottonseed solvent                             880            875

    DHULIA
    Soyoil refined                                 940            938
  
    KHAMGAON
    Soyoil refined 
                                                932            927
    JALNA
    Soyoil refined 
                                                   940            937
    NANDED
    Soyoil refined                                 935            933
   
    Soyoil refined prices at other places in Maharashtra : Washim – 939, 
    Latur - 938, Solapur – 938, Sangli – 942.

    (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)                  37,500-38,000    37,300-37,800
      
    Soymeal prices at other places in Maharashtra : Akola – 36,800, 
    Washim – 38,000, Dhulia – 38,500, Hingoli – 37,000, Jalna – 38,500,
    Nandurbar – 38,300, Khamgaon – 36,500, Latur – 38,500, Nanded – 38,800,
    Solapur – 38,000, Dharwad – 36,800, Sangli – 37,600

WEATHER (NAGPUR)  
Maximum temp. 26.0 degree Celsius, minimum temp. 13.8 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 23 degree Celsius and 13 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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