January 4, 2019 / 8:18 AM / 7 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JAN 04, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 4, 2019

Nagpur, Jan 4 (Reuters) – Barring a rise in Coconut KP 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 Coconut oil prices up. Strong rally in coconut producing regions
also boosted prices. Trading activity in other edible oils reported weak because of fresh hike
in international edible oil prices, sources said Friday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed and Castor oil ruled steady here in sluggish trading activity. 
  * Traders expect nearly steady trend in major edible oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.
 
         
   SOYABEAN
  * Soyabean prices recovered further in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply 
    from producing regions. Fresh rise on NCDEX, upward trend in Madhya Pradesh 
    soyabean prices and reported demand from South-based plants also helped to push up
    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    31,000-34,200       31,000-34,000         --
    (Available price)
    Market delivery    31,100-34,300       31,100-34,100          --
    (Traders price)
    Plant delivery     34,700-35,250       34,700-35,250          --

    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 – 35,800, Jalna – 35,400, Nandurbar – 35,400, 
    Latur – 35,800, Nanded – 35,800, Solapur – 36,300, 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            746
    Soyoil solvent crushing plant delivery         706            706    
    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)                     3,220          3,200

    AMRAVATI
    Soyoil refined                                 745            745
    Soyoil Solvent                                 705            705
    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            742
  
    KHAMGAON
    Soyoil refined 
                                                745            745
    JALNA
    Soyoil refined 
                                                   742            742
    NANDED
    Soyoil refined                                 725            725
   
    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    28,000-28,500
      
    Soymeal prices at other places in Maharashtra : Akola – 28,400, 
    Washim – 28,500, Dhulia – 30,000, Hingoli – 29,700, Jalna – 29,500,
    Nandurbar – 29,500, Khamgaon – 28,200, Latur – 30,200, Nanded – 29,900,
    Solapur – 29,800, Dharwad – 30,100, Sangli – 30,000

WEATHER (NAGPUR)  
Maximum temp. 29.9 degree Celsius, minimum temp. 8.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 30 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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