January 9, 2020 / 10:28 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 7, 2020

Nagpur Soybean, Soyoil, Soymeal Open-January 9, 2020

Nagpur, Jan 9 (Reuters) – Soyabean and cottonseed oil prices today reported strong 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 smartly. Healthy rise on NCDEX and reported demand from South-based traders
also boosted prices, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
    castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect upward trend in soyabean and cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today quoted static here on subdued demand from local traders.
                                         
   SOYABEAN
  * Soyabean prices reported good hike in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on good seasonal demand from local crushing plants amid 
  weak supply from producing regions because of unseasonal rains here. Notable hike on 
  NCDEX and reported demand from South-based plants also jacked up prices.
    About 100 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    37,000-40,100       36,500-40,000         --
    (Available price)
    Market delivery    37,100-40,200       36,600-40,100          --
    (Traders price)
    Plant delivery     44,200-44,700       44,000-44,500          --

    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 – 44,200, Amravati – 44,000 Washim – 44,500, Khamgaon – 44,000, 
    Dhulia – 44,500, Hingoli – 45,200, Jalna – 44,000, Nandurbar – 43,900, 
    Latur – 45,000, Nanded – 45,200, Solapur – 44,500, Sangli – 44,000.
        
    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.           4,800-5,000
    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.           6,200-6,400 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,800-2,000
    Dhan                  n.a.            n.a.             1,850-2,155
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         948            918
    Soyoil solvent crushing plant delivery         908            900    
    Cottonseed refined                             900            895
    Cottonseed solvent                             860            855
    Groundnut oil – loose (10 kg)                  1,370          1,370
    Groundnut oil refined (15 Litre)               1,970          1,970
    Sunflower oil refined (10 kg)                  1,000          1,000
    Linseed oil (10 kg)                            990            990
    Rapeseed oil (for 15 kg)                       1,580          1,580
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,900          2,950

    AMRAVATI
    Soyoil refined                                 945            935
    Soyoil Solvent                                 905            895
    Cottonseed refined                             920            890
    Cottonseed solvent                             880            870

    AKOLA
    Soyoil refined                                 950            940
    Soyoil Solvent                                 910            900        
    Cottonseed refined oil                         920          910 
    Cottonseed solvent                             880            860

    DHULIA
    Soyoil refined                                 937            930
  
    KHAMGAON
    Soyoil refined 
                                                930            935
    JALNA
    Soyoil refined 
                                                   935            926
    NANDED
    Soyoil refined                                 930            925
   
    Soyoil refined prices at other places in Maharashtra : Washim – 922, 
    Latur - 920, Solapur – 914, Sangli – 918.

    (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)                  36,400-36,700    36,400-36,700
      
    Soymeal prices at other places in Maharashtra : Akola – 36,500, 
    Washim – 36,700, Dhulia – 36,800, Hingoli – 36,000, Jalna – 36,700,
    Nandurbar – 36,900, Khamgaon – 36,800, Latur – 35,800, Nanded – 36,100,
    Solapur – 36,500, Dharwad – 35,800, Sangli – 37,000

WEATHER (NAGPUR)  
Maximum temp. 27.0 degree Celsius, minimum temp. 16.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 26 degree Celsius and 12 degree Celsius respectively.

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

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