July 30, 2019 / 8:05 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JULY 30, 2019

Nagpur Soybean, Soyoil, Soymeal Open-July 30, 2019

Nagpur, July 30 (Reuters) – Soyabean and cottonseed oil prices today strengthened 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 good recovery in Madhya Pradesh
edible oil prices. Shortage in ready segment also fuelled prices, sources said Tuesday.


                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, rapeseed, linseed, castor, rapeseed and coconut 
    KP oil ruled steady here in sluggish trading activity.  
  * Traders expect further rise in cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady on lack of buying support from South-based traders.       
                                         
   SOYABEAN
  * Soyabean prices showed upward tendnecy in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Fresh hike in soyabean 
    oil, fresh hike in Madhya Pradesh soyabean prices and enquiries from South-based 
    plants also helped to push 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    33,000-35,650       33,000-35,500         --
    (Available price)
    Market delivery    33,100-35,750       33,100-35,600          --
    (Traders price)
    Plant delivery     37,000-37,300       37,000-37,300          --

    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 – 37,600, Washim – 37,600, Khamgaon – 36,900, Dhulia – 37,200, 
    Hingoli – 38,100, Jalna – 36,900, Nandurbar – 37,000, 
    Latur – 38,100, Nanded – 38,100, Solapur – 38,100, Sangli – 37,800.
        
    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         753            748
    Soyoil solvent crushing plant delivery         713            708    
    Cottonseed refined                             785            780
    Cottonseed solvent                             745            740
    Groundnut oil – loose (10 kg)                  1,220          1,220
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined (10 kg)                  880            880
    Linseed oil (10 kg)                            850            850
    Rapeseed oil (for 15 kg)                       1,240          1,240
    Castor oil (for 15 kg)                         1,840          1,840
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 753            749
    Soyoil Solvent                                 713            709
    Cottonseed refined                             793            790
    Cottonseed solvent                             753            750

    AKOLA
    Soyoil refined                                 755            751
    Soyoil Solvent                                 715            711        
    Cottonseed refined oil                         795          790 
    Cottonseed solvent                             755            750

    DHULIA
    Soyoil refined                                 750            749
  
    KHAMGAON
    Soyoil refined 
                                                759            755
    JALNA
    Soyoil refined 
                                                   750            748
    NANDED
    Soyoil refined                                 744            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 744, 
    Khamgaon – 757, Washim – 745, Solapur – 743, Sangli – 753.

    (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)                  31,000-31,500    31,000-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 31,500, Dhulia – 31,700, Hingoli – 32,500, Jalna – 32,000,
    Nandurbar – 31,500, Khamgaon – 31,000, Latur – 32,800, Nanded – 32,500,
    Solapur – 32,800, Dharwad – 32,600, Sangli – 32,000

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

WEATHER (NAGPUR)  
Maximum temp. 28.5 degree Celsius, minimum temp. 22.6 degree Celsius 
Rainfall : 5.4 mm
FORECAST: Generally cloudy sky with moderate rains. Maximum and minimum temperature likely to be
around 28 degree Celsius and 23 degree Celsius respectively.

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