June 11, 2019 / 8:24 AM / 7 days ago

Nagpur Soybean, Soyoil, Soymeal Open- JUNE 11, 2019

Nagpur Soybean, Soyoil, Soymeal Open-June 11, 2018

Nagpur, June 11 (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 Malaysian palm oil and American
soya digam climbed in overseas markets. Healthy rise on NCDEX and reported demand from
South-based traders also boosted prices, sources said Tuesday. 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, castor and 
    coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect further rise in soyabean and cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from local traders.         
                                         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid tight supply from 
    producing belts. Delay in monsoon arrival in the region, good hike in soyabean oil 
    and reported demand from South-based plants also helped to push up prices here.    
    About 400 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    33,000-35,200       33,000-35,100         --
    (Available price)
    Market delivery    33,100-35,300       33,600-35,200          --
    (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 – 38,100, Washim – 38,200, Khamgaon – 37,800, Dhulia – 37,700, 
    Hingoli – 37,900, Jalna – 37,200, Nandurbar – 38,100, 
    Latur – 38,000, Nanded – 38,100, Solapur – 38,400, Sangli – 38,200.
        
    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            749
    Soyoil solvent crushing plant delivery         711            711    
    Cottonseed refined                             733            730
    Cottonseed solvent                             713            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                                 753            750
    Soyoil Solvent                                 713            710
    Cottonseed refined                             733            730
    Cottonseed solvent                             713            711

    AKOLA
    Soyoil refined                                 752            750
    Soyoil Solvent                                 712            710        
    Cottonseed refined oil                         735          730 
    Cottonseed solvent                             715            710

    DHULIA
    Soyoil refined                                 753            751
  
    KHAMGAON
    Soyoil refined 
                                                758            755
    JALNA
    Soyoil refined 
                                                   752            749
    NANDED
    Soyoil refined                                 742            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 742, 
    Khamgaon – 751, Washim – 750, Solapur – 753, 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 – 31,800, Dhulia – 32,500, Hingoli – 33,000, Jalna – 32,000,
    Nandurbar – 32,500, Khamgaon – 31,300, Latur – 32,500, Nanded – 33,000,
    Solapur – 32,800, Dharwad – 33,000, 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. 46.0 degree Celsius, minimum temp. 28.4 degree Celsius 
Rainfall : 12.1 mm
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 45 degree
Celsius and 29 degree Celsius respectively.

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