July 19, 2018 / 8:38 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUL 19, 2018

Nagpur Soybean, Soyoil, Soymeal Open-July 19, 2018

Nagpur, July 19 (Reuters) – Linseed and Castor, non-edible oil prices today strengthened in
Vidarbha region of Western Maharashtra on increased offtake by vanaspati millers amid a firming
trend in producing regions. Trading activity other major edible oils reported weak as no trader
was in mood for any commitment because of weak overseas oil and fresh fall on NCDEX, sources
said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, Groundnut refined, Groundnut Loose, Sunflower refined, Rapeseed 
    and Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect further rise in Linseed oil.
    
   SOYMEAL

  * Soymeal prices today ruled steady here on subdued demand from local traders amid 
    ample stock in ready position. Fresh fall in overseas soymeal prices also affected 
    sentiment.
         
   SOYABEAN
  * Soyabean prices zoomed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Healthy rise on NCDEX, good recovery in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also jacked up prices. 
    About 500 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    32,000-34,800       31,500-34,400         --
    (Available price)
    Market delivery    32,100-34,900       31,600-34,500          --
    (Traders price)
    Plant delivery     36,000-36,300       36,000-36,300          --

    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 – 36,100, Washim – 36,300, Khamgaon – 36,400, Dhulia – 36,000, 
    Hingoli – 37,500, Jalna – 36,500, Nandurbar – 36,800, 
    Latur – 37,500, Nanded – 37,500, Solapur – 37,500, Sangli – 38,500.
        
    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.             1,100-1,300
    Dhan                  n.a.            n.a.             2,100-2,441
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Thursday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         761            761
    Soyoil solvent crushing plant delivery         721            721    
    Cottonseed refined                             730            730
    Cottonseed solvent                             705            705
    Groundnut oil (loose)                          1,000          1,000
    Groundnut oil refined (15 Litre)               1,560          1,560
    Sunflower oil refined                          870            870
    Linseed oil                                    850            830
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,450          1,430
    Coconut KP oil (for 15 kg)                     3,400          3,400

    AMRAVATI
    Soyoil refined                                 762            762
    Soyoil Solvent                                 722            722
    Cottonseed refined                             735            735
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 762            762
    Soyoil Solvent                                 722            722        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             690            693

    DHULIA
    Soyoil refined                                 763            763
  
    AURANGABAD
    Soyoil refined 
                                                763            763
    JALNA
    Soyoil refined 
                                                   762            762
    NANDED
    Soyoil refined                                 750            750
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Parbhani – 768, Koosnoor – 767, Solapur – 750, Sangli – 768.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)
                                     
Nagpur soymeal prices in rupees per tonne

                  Thursday’s open     Previous Close
    Soymeal (Nagpur)                  30,000-30,300       30,000-30,300
      
    Soymeal prices at other places in Maharashtra : Akola – 29,700, 
    Washim – 30,100, Dhulia – 31,000, Hingoli – 31,500, Jalna – 30,500,
    Nandurbar – 30,200, Khamgaon – 29,000, Latur – 30,400, Nanded – 30,800,
    Solapur – 32,000, Dharwad – 31,000, Sangli – 31,800

WEATHER (NAGPUR)  
Maximum temp. 31.4 degree Celsius, minimum temp. 24.7 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 31 and 25 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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