January 21, 2019 / 8:35 AM / in 4 months

Nagpur Soybean, Soyoil, Soymeal Open- JAN 21, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 21, 2018

Nagpur, Jan 21 (Reuters) – Prices of Soyabean oil, Cottonsed oil and Sunflower oil in edible
section and Linseed oil in non-edible section today recovered smartly in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers for the seasonal demand amid a firming
trend in producing regions. Good hike on NCDEX in soyabean oil, Weak supply from producing belts
and reported demand of traders of other states also boosted prices, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Linseed, Rapeseed, Castor and Coconut KP oil 
    ruled steady here in thin trading activity. 
  * Traders expect upward trend in Soyabean and Cottonseed oil prices here. 
    
   SOYMEAL
  * Soymeal prices today firmed up again on good demand from South-based 
    traders. Good rise in international soymeal prices also helped to push up prices.          
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply 
    from producing belts. Firm trend on NCDEX, good recovery in Soyabean oil & soymeal, 
    fresh hike in other soyabean mandis and reported demand from South-based plants also 
    jacked prices. 
    About 1,200 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    33,500-36,750       33,500-36,200         --
    (Available price)
    Market delivery    33,600-36,850       33,600-36,300          --
    (Traders price)
    Plant delivery     37,000-37,500       36,700-37,200          --

    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 – 37,500, Washim – 37,600, Khamgaon – 37,900, Dhulia – 38,500, 
    Hingoli – 39,500, Jalna – 38,400, Nandurbar – 38,800, 
    Latur – 39,200, Nanded – 39,500, Solapur – 40,000, Sangli – 40,500.
        
    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.             1,800-2,120
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         778            771
    Soyoil solvent crushing plant delivery         738            731    
    Cottonseed refined                             735            730
    Cottonseed solvent                             695            690
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  900            890
    Linseed oil (10 kg)                            900            900
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,760          1,760
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 778            774
    Soyoil Solvent                                 738            734
    Cottonseed refined                             735            730
    Cottonseed solvent                             695            690

    AKOLA
    Soyoil refined                                 779            775
    Soyoil Solvent                                 739            735        
    Cottonseed refined oil                         735          730 
    Cottonseed solvent                             695            689

    DHULIA
    Soyoil refined                                 779            776
  
    KHAMGAON
    Soyoil refined 
                                                774            769
    JALNA
    Soyoil refined 
                                                   779            775
    NANDED
    Soyoil refined                                 765            764
   
    Soyoil refined prices at other places in Maharashtra : Latur - 765, 
    Khamgaon – 775, Washim – 778, Solapur – 765, Sangli – 777.

    (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)                  30,500-31,000    29,700-30,500
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 30,900, Dhulia – 32,000, Hingoli – 31,700, Jalna – 31,700,
    Nandurbar – 31,000, Khamgaon – 31,200, Latur – 32,700, Nanded – 32,200,
    Solapur – 32,700, Dharwad – 31,700, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 32.6 degree Celsius, minimum temp. 8.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 32 degree
Celsius and 09 degree Celsius.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

            *    *     *    *    *    *

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below