January 9, 2019 / 7:52 AM / 6 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JAN 09, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 9, 2019

Nagpur, Jan 9 (Reuters) – Soyabean and Cottonseed oil prices 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 because of weak supply from crushing
plants. Good 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, Castor and 
    Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect upward trend in Soyabean and Cottonseed oils here. 
    
   SOYMEAL
  * Soymeal prices today recovered strongly here on good buying support from South-based 
    traders.
 
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good seasonal demand from local crushing plants amid weak 
    supply from producing belts. Notable rise in Soyabean oil since past three sessions, 
    good recovery on NCDEX and enquiries from South-based plants also helped to push up 
    prices. 
    About 1,100 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       31,000-34,200         --
    (Available price)
    Market delivery    31,100-34,450       31,100-34,300          --
    (Traders price)
    Plant delivery     34,900-35,400       34,900-35,400          --

    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            757
    Soyoil solvent crushing plant delivery         718            718    
    Cottonseed refined                             715            710
    Cottonseed solvent                             665            660
    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                                 761            758
    Soyoil Solvent                                 721            718
    Cottonseed refined                             710            705
    Cottonseed solvent                             665            660

    AKOLA
    Soyoil refined                                 761            758
    Soyoil Solvent                                 722            717        
    Cottonseed refined oil                         715          710 
    Cottonseed solvent                             675            670

    DHULIA
    Soyoil refined                                 767            764
  
    KHAMGAON
    Soyoil refined 
                                                758            752
    JALNA
    Soyoil refined 
                                                   767            759
    NANDED
    Soyoil refined                                 750            754
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Khamgaon – 758, Washim – 758, Solapur – 750, Sangli – 760.

    (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)                  28,300-28,800    28,000-28,500
      
    Soymeal prices at other places in Maharashtra : Akola – 28,600, 
    Washim – 28,800, Dhulia – 30,000, Hingoli – 30,500, Jalna – 29,500,
    Nandurbar – 29,500, Khamgaon – 28,200, Latur – 30,500, Nanded – 30,000,
    Solapur – 29,800, Dharwad – 30,100, Sangli – 30,000

WEATHER (NAGPUR)  
Maximum temp. 26.7 degree Celsius, minimum temp. 7.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 27 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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