July 17, 2019 / 5:27 PM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- JULY 17, 2019

Nagpur Soybean, Soyoil, Soymeal Open-July 17, 2018

Nagpur, July 17 (Reuters) – Soyabean and cottonseed oil prices rose up in Vidarbha region of
Western Maharashtra on fresh buying by Vansaspati millers for seasonal demand amid a firming
trend in producing regions because of poor monsoon reports. Good recovery in Madhya Pradesh
edible oils and reported demand from South-based traders also helped to push up prices here,
according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect upward trend in soyabean and cottonseed oils here. 
    
   SOYMEAL
  * Soymeal prices today zoomed up again here on good demand from South-based 
    traders amid tight supply from local crushing plants.         
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak supply 
    from producing regions. Good recovery in soyabean oil & soymeal, upward trend in 
    Madhya Pradesh soyabean prices and enquiries 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    33,000-35,700       32,500-35,300         --
    (Available price)
    Market delivery    33,100-35,800       32,600-35,400          --
    (Traders price)
    Plant delivery     37,000-37,400       36,700-37,000          --

    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 – 36,900, Washim – 36,700, Khamgaon – 36,900, Dhulia – 37,500, 
    Hingoli – 38,300, Jalna – 37,000, Nandurbar – 37,000, 
    Latur – 38,300, Nanded – 38,300, Solapur – 38,500, 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.             1,400-1,550
    Dhan                  n.a.            n.a.             1,900-2,150
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         750            745
    Soyoil solvent crushing plant delivery         710            705    
    Cottonseed refined                             772            768
    Cottonseed solvent                             732            727
    Groundnut oil – loose (10 kg)                  1,220          1,220
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            850            850
    Rapeseed oil (for 15 kg)                       1,240          1,240
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,100          3,100

    AMRAVATI
    Soyoil refined                                 750            746
    Soyoil Solvent                                 710            706
    Cottonseed refined                             777            772
    Cottonseed solvent                             737            733

    AKOLA
    Soyoil refined                                 750            748
    Soyoil Solvent                                 710            707        
    Cottonseed refined oil                         777          772 
    Cottonseed solvent                             737            732

    DHULIA
    Soyoil refined                                 751            749
  
    KHAMGAON
    Soyoil refined 
                                                759            755
    JALNA
    Soyoil refined 
                                                   750            747
    NANDED
    Soyoil refined                                 740            735
   
    Soyoil refined prices at other places in Maharashtra : Latur - 733, 
    Khamgaon – 754, Washim – 751, Solapur – 735, Sangli – 751.

    (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)                  31,800-32,200    31,300-31,700
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 32,000, Dhulia – 32,000, Hingoli – 32,600, Jalna – 32,600,
    Nandurbar – 32,000, Khamgaon – 31,200, Latur – 32,500, Nanded – 32,500,
    Solapur – 32,800, Dharwad – 33,000, Sangli – 32,800

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

WEATHER (NAGPUR)  
Maximum temp. 37.9 degree Celsius, minimum temp. 26.5 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky. Maximum and minimum temperature likely to be around 38 degree
Celsius and 27 degree Celsius respectively.

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