June 7, 2019 / 7:59 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- JUNE 07, 2019

Nagpur Soybean, Soyoil, Soymeal Open-June 7, 2018

Nagpur, June 7 (Reuters) – There was negligible change in the edible oil pattern of trading in
the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence
of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major
oil prices unaltered. No trader was in mood for any commitment because of fresh hike in American
soya digam prices and easy condition on NCDEX, according to sources. 

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.         
                                         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid tight supply from 
    producing regions. Reports about delay in monsoon arrival in the region, good 
    recovery on NCDEX and enquiries from South-based plants also helped to push up prices.    
    About 400 new 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    33,500-35,900       34,000-35,600         --
    (Available price)
    Market delivery    33,600-36,000       34,100-35,700          --
    (Traders price)
    Plant delivery     37,400-37,800       38,000-38,300          --

    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 – 38,100, Washim – 38,200, Khamgaon – 37,800, Dhulia – 37,700, 
    Hingoli – 38,100, Jalna – 37,700, Nandurbar – 38,100, 
    Latur – 38,200, Nanded – 38,300, Solapur – 38,600, Sangli – 39,000.
        
    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.             1,400-1,550
    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         751            751
    Soyoil solvent crushing plant delivery         711            711    
    Cottonseed refined                             730            730
    Cottonseed solvent                             710            710
    Groundnut oil – loose (10 kg)                  1,210          1,210
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,250          1,250
    Castor oil (for 15 kg)                         1,900          1,900
    Coconut KP oil (for 15 kg)                     3,140          3,140

    AMRAVATI
    Soyoil refined                                 751            751
    Soyoil Solvent                                 711            711
    Cottonseed refined                             730            730
    Cottonseed solvent                             711            711

    AKOLA
    Soyoil refined                                 752            752
    Soyoil Solvent                                 710            710        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             710            710

    DHULIA
    Soyoil refined                                 753            753
  
    KHAMGAON
    Soyoil refined 
                                                751            751
    JALNA
    Soyoil refined 
                                                   751            751
    NANDED
    Soyoil refined                                 745            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 742, 
    Khamgaon – 751, Washim – 752, Solapur – 752, Sangli – 752.

    (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)                  31,100-31,500    31,100-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,600, 
    Washim – 31,500, Dhulia – 32,300, Hingoli – 33,000, Jalna – 32,500,
    Nandurbar – 32,200, Khamgaon – 31,300, Latur – 32,800, Nanded – 33,000,
    Solapur – 32,800, Dharwad – 32,800, Sangli – 33,100

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

WEATHER (NAGPUR)  
Maximum temp. 46.8 degree Celsius, minimum temp. 30.4 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 47 degree
Celsius and 30 degree Celsius respectively.

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