February 8, 2019 / 8:19 AM / 14 days ago

Nagpur Soybean, Soyoil, Soymeal Open- FEB 08, 2019

Nagpur Soybean, Soyoil, Soymeal Open-February 8, 2018

Nagpur, Feb 8 (Reuters) – Barring a marginal rise in Soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed Soyabean oil prices up. Fresh rise in Madhya Pradesh Soyabean
oil prices also boosted sentiment, sources said Friday. 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut oil, Groundnut refined, Sunflower refined, Linseed, Rapeseed, Castor and 
    Coconut KP oil ruled steady here in thin trading activity. 
  * Traders upward trend in Soyabean and Cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor.     
     
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Good recovery in Soyabean oil since past three sessions and 
    notable hike in Madhya Pradesh soyabean prices helped to push up prices. 
    About 700 new 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    33,000-36,800       33,700-36,600         --
    (Available price)
    Market delivery    33,100-36,900       33,800-36,700          --
    (Traders price)
    Plant delivery     38,500-38,800       38,500-38,800          --

    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 – 37,500, Washim – 37,600, Khamgaon – 37,900, Dhulia – 39,000, 
    Hingoli – 38,800, Jalna – 38,800, Nandurbar – 38,800, 
    Latur – 38,800, Nanded – 38,800, Solapur – 38,900, Sangli – 39,100.
        
    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.             1,400-1,550
    Dhan                  n.a.            n.a.             1,900-2,125
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         781            778
    Soyoil solvent crushing plant delivery         741            738    
    Cottonseed refined                             745            745
    Cottonseed solvent                             705            705
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  920            920
    Linseed oil (10 kg)                            900            900
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,730          1,730
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 780            778
    Soyoil Solvent                                 741            738
    Cottonseed refined                             745            745
    Cottonseed solvent                             705            705

    AKOLA
    Soyoil refined                                 781            781
    Soyoil Solvent                                 741            739        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             705            705

    DHULIA
    Soyoil refined                                 780            778
  
    KHAMGAON
    Soyoil refined 
                                                783            779
    JALNA
    Soyoil refined 
                                                   785            782
    NANDED
    Soyoil refined                                 778            774
   
    Soyoil refined prices at other places in Maharashtra : Latur - 770, 
    Khamgaon – 784, Washim – 785, Solapur – 770, Sangli – 784.

    (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)                  32,500-32,800    32,500-32,800
      
    Soymeal prices at other places in Maharashtra : Akola – 32,200, 
    Washim – 32,600, Dhulia – 33,300, Hingoli – 33,400, Jalna – 33,500,
    Nandurbar – 33,300, Khamgaon – 31,700, Latur – 33,200, Nanded – 32,500,
    Solapur – 33,500, Dharwad – 33,900, Sangli – 33,000

WEATHER (NAGPUR)  
Maximum temp. 31.9 degree Celsius, minimum temp. 14.8 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 32 degree
Celsius and 15 degree Celsius.

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

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