January 3, 2019 / 8:06 AM / 17 days ago

Nagpur Soybean, Soyoil, Soymeal Open- JAN 03, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 3, 2019

Nagpur, Jan 3 (Reuters) – The rising trend in Soyabean oil prices remained unabated for the
second straight day today in Vidarbha region of Central Maharashtra as prices rise further on
increased buying by vanaspati millers, amid a firm overseas trend. Sentiment remained strong, as
Malaysian palm prices reported strong. Fresh hike on NCDEX and upward trend in Madhya Pradesh
soyabean oil prices also helped to push up prices here, sources said Thursday.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed and Castor oil ruled steady here in limited trading activity. 
  * Traders expect further rise in Soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices today recovered strongly here on increased demand from South-based 
    traders. Healthy rise in overseas soymeal prices also boosted sentiment.
 
         
   SOYABEAN
  * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply 
    from producing regions. Further hike in soyabean oil, good recovery in Madhya Pradesh 
    soyabean prices and enquiries from South-based plants also boosted  prices. 
    About 1,000 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    31,000-34,000       30,500-33,700         --
    (Available price)
    Market delivery    31,100-34,100       30,600-33,800          --
    (Traders price)
    Plant delivery     34,700-35,250       34,500-34,800          --

    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 – 34,800, Washim – 34,600, Khamgaon – 34,900, Dhulia – 35,300, 
    Hingoli – 35,900, Jalna – 35,400, Nandurbar – 35,400, 
    Latur – 35,900, Nanded – 35,900, Solapur – 36,400, 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                  n.a.            n.a.              1,851-2,200
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         746            744
    Soyoil solvent crushing plant delivery         706            704    
    Cottonseed refined                             693            693
    Cottonseed solvent                             673            673
    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          3,200

    AMRAVATI
    Soyoil refined                                 745            744
    Soyoil Solvent                                 705            704
    Cottonseed refined                             698            698
    Cottonseed solvent                             678            678

    AKOLA
    Soyoil refined                                 746            746
    Soyoil Solvent                                 706            706        
    Cottonseed refined oil                         697          697 
    Cottonseed solvent                             677            677

    DHULIA
    Soyoil refined                                 742            740
  
    KHAMGAON
    Soyoil refined 
                                                745            744
    JALNA
    Soyoil refined 
                                                   742            740
    NANDED
    Soyoil refined                                 725            723
   
    Soyoil refined prices at other places in Maharashtra : Latur - 726, 
    Khamgaon – 742, Washim – 743, Solapur – 727, Sangli – 736.

    (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)                  28,000-28,500    27,700-28,100
      
    Soymeal prices at other places in Maharashtra : Akola – 28,300, 
    Washim – 28,500, Dhulia – 29,700, Hingoli – 29,700, Jalna – 29,500,
    Nandurbar – 29,500, Khamgaon – 28,200, Latur – 30,200, Nanded – 29,900,
    Solapur – 29,700, Dharwad – 30,100, Sangli – 30,000

WEATHER (NAGPUR)  
Maximum temp. 31.2 degree Celsius, minimum temp. 8.2 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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