January 2, 2019 / 7:54 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JAN 02, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 2, 2019

Nagpur, Jan 2 (Reuters) – Soyabean, Cottonseed and Coconut KP oil prices today recovered sharply
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 Malaysian palm
oil climbed in overseas markets. Healthy rise on NCDEX in Soyabean oil and reported demand from
South-based traders also boosted prices, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed and Castor oil ruled steady here in sluggish trading activity. 
  * Traders expect further rise in Coconut KP oil. 
    
   SOYMEAL
  * Soymeal prices today ruled steady in open market here but demand was poor.
 
         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply 
    from producing regions. Fresh rise in soyabean oil, good recovery on NCDEX, upward 
    trend in Madhya Pradesh soyabean prices and reported demand from South-based plants 
    also helped to push up  prices. 
    About 300 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    30,000-33,550       30,000-33,400         --
    (Available price)
    Market delivery    30,100-33,650       30,100-33,500          --
    (Traders price)
    Plant delivery     34,700-35,000       34,000-34,500          --

    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 – 34,800, Washim – 34,600, Khamgaon – 34,900, Dhulia – 35,300, 
    Hingoli – 35,700, Jalna – 35,400, Nandurbar – 35,400, 
    Latur – 35,700, Nanded – 35,700, Solapur – 35,900, Sangli – 35,200.
        
    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                  4,000        1,851-2,200         1,850-2,180
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         745            739
    Soyoil solvent crushing plant delivery         705            700    
    Cottonseed refined                             693            688
    Cottonseed solvent                             673            668
    Groundnut oil – loose (10 kg)                  1,100          1,100
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,750          1,750
    Coconut KP oil (for 15 kg)                     3,200          3,150

    AMRAVATI
    Soyoil refined                                 744            739
    Soyoil Solvent                                 704            699
    Cottonseed refined                             698            693
    Cottonseed solvent                             678            673

    AKOLA
    Soyoil refined                                 736            736
    Soyoil Solvent                                 696            696        
    Cottonseed refined oil                         697          693 
    Cottonseed solvent                             677            672

    DHULIA
    Soyoil refined                                 740            735
  
    KHAMGAON
    Soyoil refined 
                                                744            739
    JALNA
    Soyoil refined 
                                                   740            735
    NANDED
    Soyoil refined                                 723            718
   
    Soyoil refined prices at other places in Maharashtra : Latur - 723, 
    Khamgaon – 741, Washim – 741, Solapur – 724, Sangli – 734.

    (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)                  27,500-28,000    27,500-28,000
      
    Soymeal prices at other places in Maharashtra : Akola – 27,200, 
    Washim – 28,200, Dhulia – 29,300, Hingoli – 29,200, Jalna – 29,500,
    Nandurbar – 29,100, Khamgaon – 27,800, Latur – 29,000, Nanded – 28,800,
    Solapur – 29,200, Dharwad – 29,500, Sangli – 29,500

WEATHER (NAGPUR)  
Maximum temp. 30.0 degree Celsius, minimum temp. 6.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 31 degree
Celsius and 8 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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