June 18, 2019 / 9:09 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- JUNE 18, 2019

Nagpur Soybean, Soyoil, Soymeal Open-June 18, 2018

Nagpur, June 18 (Reuters) – The rising trend in soyabean and cottonseed oil prices remained
unabated for the second straight day today in Vidarbha region of Central Maharashtra as prices
rise further on increased buying by vanaspati millers for the seasonal demand, amid a firm trend
in producing regions. Sentiment remained strong, as soya oil recovered on NCDEX notably. Healthy
rise in American soya digam prices, fresh hike in Malaysian palm oil and good recovery in Madhya
Pradesh edible oils also boosted sentiment, sources said Tuesday.
     

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect upward trend 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 declined sharply in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. No takers to soymeal, 
    downward trend on NCDEX and fresh fall in Madhya Pradesh soyabean prices also 
    affected sentiment in thin trading activity.  
    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    33,000-36,000       33,500-36,100         --
    (Available price)
    Market delivery    33,100-36,100       33,600-36,200          --
    (Traders price)
    Plant delivery     37,200-37,700       37,200-37,600          --

    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 – 37,400, 
    Hingoli – 38,100, Jalna – 37,000, Nandurbar – 38,100, 
    Latur – 38,100, Nanded – 38,100, Solapur – 38,500, Sangli – 38,500.
        
    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         762            758
    Soyoil solvent crushing plant delivery         722            718    
    Cottonseed refined                             750            745
    Cottonseed solvent                             730            725
    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                                 763            758
    Soyoil Solvent                                 723            718
    Cottonseed refined                             750            745
    Cottonseed solvent                             730            725

    AKOLA
    Soyoil refined                                 763            758
    Soyoil Solvent                                 723            719        
    Cottonseed refined oil                         750          747 
    Cottonseed solvent                             730            725

    DHULIA
    Soyoil refined                                 772            769
  
    KHAMGAON
    Soyoil refined 
                                                765            763
    JALNA
    Soyoil refined 
                                                   767            765
    NANDED
    Soyoil refined                                 753            749
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Khamgaon – 765, Washim – 756, Solapur – 760, Sangli – 759.

    (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 – 32,800, 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. 41.4 degree Celsius, minimum temp. 28.3 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 41 degree
Celsius and 28 degree Celsius respectively.

        *    *     *    *    *    *

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below