January 8, 2019 / 9:50 AM / 2 months ago

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

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

Nagpur, Jan 8 (Reuters) – The rising trend in Soyabean and Cottonseed 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 for the ongoing festival season, amid a
firm overseas trend. Sentiment remained strong, as soya American soya digam and Malaysian palm
prices reported recovered notebly. Healthy rise on NCDEX and good recovery in Madhya Pradesh
edible oils also boosted sentiment, sources said Tuesday.


                       *****
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 quoted static here but demand was poor.
 
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased buying support from local crushing plants amid weak 
    supply from producing belts. Good recovery on NCDEX and reported demand from South-
    based plants also boosted prices. 
    About 1,500 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    31,000-34,350       31,000-34,100         --
    (Available price)
    Market delivery    31,100-34,450       31,100-34,200          --
    (Traders price)
    Plant delivery     34,900-35,400       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 – 35,800, 
    Hingoli – 36,400, Jalna – 35,400, Nandurbar – 35,400, 
    Latur – 36,400, Nanded – 36,400, Solapur – 36,500, Sangli – 36,700.
        
    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.              1,850-2,131
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         757            754
    Soyoil solvent crushing plant delivery         718            713    
    Cottonseed refined                             705            698
    Cottonseed solvent                             685            679
    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)                       1,340          1,340
    Castor oil (for 15 kg)                         1,730          1,730
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 758            755
    Soyoil Solvent                                 718            714
    Cottonseed refined                             705            698
    Cottonseed solvent                             685            680

    AKOLA
    Soyoil refined                                 759            754
    Soyoil Solvent                                 719            714        
    Cottonseed refined oil                         708          703 
    Cottonseed solvent                             688            684

    DHULIA
    Soyoil refined                                 765            762
  
    KHAMGAON
    Soyoil refined 
                                                758            752
    JALNA
    Soyoil refined 
                                                   756            752
    NANDED
    Soyoil refined                                 740            734
   
    Soyoil refined prices at other places in Maharashtra : Latur - 743, 
    Khamgaon – 756, Washim – 756, Solapur – 742, Sangli – 750.

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

WEATHER (NAGPUR)  
Maximum temp. 28.0 degree Celsius, minimum temp. 7.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 29 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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