January 14, 2019 / 8:47 AM / in a month

Nagpur Soybean, Soyoil, Soymeal Open- JAN 14, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 14, 2018

Nagpur, Jan 14 (Reuters) – Prices of Soyabean, Cottonseed oil in edible section and Linseed oil
in non-edible section today rose up in Vidarbha region of Western Maharashtra on fresh buying by
Vansaspati millers for the festival season demand amid a firming trend in producing regions.
Good recovery in Malaysian palm oil, weak supply from producing regions and reported demand of
traders of other states also boosted prices, according to sources.



                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, Castor and Coconut 
    KP oil ruled steady here in thin trading activity. 
  * Traders expect further rise in Soyabean and Cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today zoomed up here on good demand from South-based traders. Healthy 
    rise in international soymeal prices also boosted sentiment. 
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Notable hike in soyabean oil, fresh rise on NCDEX and reported 
    demand from South-based plants also jacked prices here. 
    About 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    31,000-34,800       31,000-34,600         --
    (Available price)
    Market delivery    31,100-34,900       31,600-34,700          --
    (Traders price)
    Plant delivery     35,700-36,200       35,700-36,200          --

    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 – 35,800, Washim – 35,600, Khamgaon – 35,900, Dhulia – 37,000, 
    Hingoli – 37,500, Jalna – 35,400, Nandurbar – 37,400, 
    Latur – 37,500, Nanded – 37,500, Solapur – 38,000, Sangli – 37,100.
        
    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                  2,200        1,800-2,118         1,800-2,120
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         765            761
    Soyoil solvent crushing plant delivery         725            721    
    Cottonseed refined                             728            723
    Cottonseed solvent                             689            684
    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)                            870            860
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,750          1,750
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 765            763
    Soyoil Solvent                                 726            723
    Cottonseed refined                             725            717
    Cottonseed solvent                             685            682

    AKOLA
    Soyoil refined                                 765            763
    Soyoil Solvent                                 725            723        
    Cottonseed refined oil                         729          724 
    Cottonseed solvent                             689            685

    DHULIA
    Soyoil refined                                 776            772
  
    KHAMGAON
    Soyoil refined 
                                                765            761
    JALNA
    Soyoil refined 
                                                   773            769
    NANDED
    Soyoil refined                                 760            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 760, 
    Khamgaon – 768, Washim – 769, Solapur – 760, Sangli – 770.

    (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)                  29,400-29,800    29,000-29,400
      
    Soymeal prices at other places in Maharashtra : Akola – 30,000, 
    Washim – 30,000, Dhulia – 31,800, Hingoli – 31,500, Jalna – 31,800,
    Nandurbar – 30,800, Khamgaon – 29,500, Latur – 31,500, Nanded – 30,800,
    Solapur – 30,500, Dharwad – 30,500, Sangli – 31,600

WEATHER (NAGPUR)  
Maximum temp. 29.6 degree Celsius, minimum temp. 15.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 30 degree
Celsius and 15 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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