June 17, 2019 / 8:03 AM / 3 months ago

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

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

Nagpur, June 17 (Reuters) – Soyabean and cottonseed oil prices today jacked up in Vidarbha
region of Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in
producing belts. Buying activity in edible oils picked up as Malaysian palm oil climbed in
overseas markets. Good rise on NCDEX and reported demand from South-based traders also helped to
push up, sources said Monday. 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed and coconut KP oil ruled steady here in sluggish 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 amid 
    ample stock in ready position.         
                                         
   SOYABEAN
  * Soyabean prices shot up in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply 
    from producing regions. Fresh rise in soyabean oil, good recovery in Madhya Pradesh 
    soyabean prices and reported demand from South-based plants also pushed up prices.  
    About 350 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    34,500-36,100       34,000-36,000         --
    (Available price)
    Market delivery    34,600-36,200       34,100-36,100          --
    (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 – 38,200, Jalna – 37,000, Nandurbar – 38,100, 
    Latur – 38,200, Nanded – 38,200, 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         760            755
    Soyoil solvent crushing plant delivery         720            715    
    Cottonseed refined                             745            740
    Cottonseed solvent                             725            720
    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                                 760            756
    Soyoil Solvent                                 720            715
    Cottonseed refined                             745            740
    Cottonseed solvent                             725            720

    AKOLA
    Soyoil refined                                 761            756
    Soyoil Solvent                                 721            717        
    Cottonseed refined oil                         745          741 
    Cottonseed solvent                             725            720

    DHULIA
    Soyoil refined                                 770            767
  
    KHAMGAON
    Soyoil refined 
                                                763            761
    JALNA
    Soyoil refined 
                                                   756            754
    NANDED
    Soyoil refined                                 750            748
   
    Soyoil refined prices at other places in Maharashtra : Latur - 747, 
    Khamgaon – 755, Washim – 754, Solapur – 757, Sangli – 757.

    (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    31,600-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,700, 
    Washim – 32,200, Dhulia – 33,000, Hingoli – 33,400, Jalna – 32,500,
    Nandurbar – 32,700, Khamgaon – 31,200, Latur – 33,000, Nanded – 32,800,
    Solapur – 32,800, Dharwad – 33,800, 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. 42.0 degree Celsius, minimum temp. 31.0 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 42 degree
Celsius and 29 degree Celsius respectively.

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