July 31, 2018 / 8:27 AM / in 4 months

Nagpur Soybean, Soyoil, Soymeal Open- JUL 31, 2018

Nagpur Soybean, Soyoil, Soymeal Open-July 31, 2018

Nagpur, July 31 (Reuters) – Prices of Groundnut oil in edible section and Linseed oil in
non-edible section today rose up in Vidarbha region of Western Maharashtra on fresh seasonal
buying by Vansaspati millers amid a firming trend in producing regions like Gujarath and
Tamilnadu. Weak supply from producing regions and reported demand of traders of other states
also boosted prices. Trading activity in other edible oils reported weak because of good
recovery in international edible oil prices, according to sources.


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

  * Soymeal prices today ruled steady here but demand was poor in limited deals.
         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid tight supply from 
    producing regions. Fresh rise on NCDEX and good recovery in Madhya Pradesh soyabean 
    prices also helped to push up prices here. 
    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    32,000-34,500       31,500-34,500         --
    (Available price)
    Market delivery    32,100-34,600       31,500-34,600          --
    (Traders price)
    Plant delivery     36,500-36,800       36,500-36,800          --

    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 – 36,700, 
    Hingoli – 36,800, Jalna – 36,500, Nandurbar – 36,800, 
    Latur – 37,400, Nanded – 37,400, Solapur – 37,800, Sangli – 37,000.
        
    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.           4,300-4,600
    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
                              
                                Tuesday’s open   Previous close   
   
    Soyoil refined crushing plant delivery         764            764
    Soyoil solvent crushing plant delivery         724            724    
    Cottonseed refined                             775            775
    Cottonseed solvent                             745            745
    Groundnut oil (loose)                          1,020          1,000
    Groundnut oil refined (15 Litre)               1,580          1,560
    Sunflower oil refined                          870            870
    Linseed oil                                    880            870
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,470          1,470
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 761            761
    Soyoil Solvent                                 721            721
    Cottonseed refined                             775            775
    Cottonseed solvent                             745            745

    AKOLA
    Soyoil refined                                 764            764
    Soyoil Solvent                                 724            724        
    Cottonseed refined oil                         775          775 
    Cottonseed solvent                             745            745

    DHULIA
    Soyoil refined                                 764            764
  
    KHAMGAON
    Soyoil refined 
                                                757            757
    JALNA
    Soyoil refined 
                                                   765            765
    NANDED
    Soyoil refined                                 753            753
   
    Soyoil refined prices at other places in Maharashtra : Latur - 753, 
    Parbhani – 760, Koosnoor – 758, Solapur – 754, Sangli – 760.

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

                  Tuesday’s open     Previous Close
    Soymeal (Nagpur)                  29,700-30,000        29,700-30,000
      
    Soymeal prices at other places in Maharashtra : Akola – 28,500, 
    Washim – 30,100, Dhulia – 31,200, Hingoli – 31,000, Jalna – 30,800,
    Nandurbar – 30,200, Khamgaon – 28,000, Latur – 30,500, Nanded – 30,200,
    Solapur – 31,200, Dharwad – 30,100, Sangli – 31,000

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

WEATHER (NAGPUR)  
Maximum temp. 33.3 degree Celsius, minimum temp. 23.8 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 33 and 24 degree Celsius respectively.

  
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