January 7, 2019 / 8:08 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JAN 07, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 7, 2019

Nagpur, Jan 7 (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 Malaysian palm oil climbed in
overseas markets. Healthy rise on NCDEX and reported demand from South-based traders also
boosted prices, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, Castor and 
    Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect further rise in Soyabean and Cottonseed oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from local traders.
 
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply 
    from producing regions. Fresh hike in Soyabean oil, upward trend on NCDEX and good 
    recovery in Madhya Pradesh soyabean prices also helped to push up prices here. 
    About 800 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    31,000-34,100       31,000-34,000         --
    (Available price)
    Market delivery    31,100-34,200       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 – 36,000, Jalna – 35,400, Nandurbar – 35,400, 
    Latur – 36,000, Nanded – 36,000, 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                  2,000       1,850-2,131          1,851-2,200
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         754            750
    Soyoil solvent crushing plant delivery         714            710    
    Cottonseed refined                             698            693
    Cottonseed solvent                             678            673
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    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)                         1,730          1,730
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 755            750
    Soyoil Solvent                                 715            711
    Cottonseed refined                             703            698
    Cottonseed solvent                             683            678

    AKOLA
    Soyoil refined                                 756            749
    Soyoil Solvent                                 716            710        
    Cottonseed refined oil                         705          699 
    Cottonseed solvent                             684            678

    DHULIA
    Soyoil refined                                 762            757
  
    KHAMGAON
    Soyoil refined 
                                                755            749
    JALNA
    Soyoil refined 
                                                   752            749
    NANDED
    Soyoil refined                                 735            729
   
    Soyoil refined prices at other places in Maharashtra : Latur - 740, 
    Khamgaon – 752, Washim – 753, Solapur – 737, Sangli – 746.

    (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 – 30,000, Jalna – 29,500,
    Nandurbar – 29,500, Khamgaon – 28,200, Latur – 29,800, Nanded – 29,300,
    Solapur – 29,800, Dharwad – 30,100, Sangli – 30,000

WEATHER (NAGPUR)  
Maximum temp. 29.6 degree Celsius, minimum temp. 12.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 30 degree
Celsius and 12 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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