June 14, 2019 / 8:19 AM / 6 days ago

Nagpur Soybean, Soyoil, Soymeal Open- JUNE 14, 2019

Nagpur Soybean, Soyoil, Soymeal Open-June 14, 2018

Nagpur, June 14 (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. Good rise on NCDEX and reported demand from South-based
traders also helped to push up prices, sources said Friday. 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed and coconut KP oil ruled steady here in slugish trading activity.  
  * Traders expect further rise in soyabean and cottonseed oil prices here. 
    
   SOYMEAL
  * Soymeal prices today recovered strongly here on increased demand from South-based traders.
Sharp rise in international soymeal prices also boosted sentiment.         
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply 
    from producing regions. Healthy rise in soyabean oil, notable hike in soymeal, upward 
    trend on NCDEX and reported demand from South-based plants also jacked up prices here.  
    About 300 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    33,500-36,000       33,000-35,400         --
    (Available price)
    Market delivery    33,600-36,100       33,100-35,500          --
    (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 – 37,500, 
    Hingoli – 38,300, Jalna – 37,000, Nandurbar – 38,100, 
    Latur – 38,300, Nanded – 38,300, Solapur – 38,500, 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         758            755
    Soyoil solvent crushing plant delivery         718            715    
    Cottonseed refined                             740            735
    Cottonseed solvent                             720            715
    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)                         1,880          1,880
    Coconut KP oil (for 15 kg)                     3,140          3,140

    AMRAVATI
    Soyoil refined                                 757            752
    Soyoil Solvent                                 717            712
    Cottonseed refined                             740            733
    Cottonseed solvent                             720            713

    AKOLA
    Soyoil refined                                 758            753
    Soyoil Solvent                                 718            713        
    Cottonseed refined oil                         740          735 
    Cottonseed solvent                             720            715

    DHULIA
    Soyoil refined                                 763            759
  
    KHAMGAON
    Soyoil refined 
                                                761            759
    JALNA
    Soyoil refined 
                                                   754            752
    NANDED
    Soyoil refined                                 744            742
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Khamgaon – 753, Washim – 752, Solapur – 755, Sangli – 755.

    (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)                  31,600-32,000    31,100-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,800, 
    Washim – 32,200, Dhulia – 32,300, Hingoli – 33,400, Jalna – 32,800,
    Nandurbar – 32,500, Khamgaon – 31,200, Latur – 32,800, Nanded – 32,900,
    Solapur – 32,800, Dharwad – 33,000, Sangli – 33,400

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

WEATHER (NAGPUR)  
Maximum temp. 43.0 degree Celsius, minimum temp. 30.5 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 44 degree Celsius and 30 degree Celsius respectively.

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