March 5, 2019 / 8:42 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 5, 2019

Nagpur Soybean, Soyoil, Soymeal Open-March 5, 2019

Nagpur, Mar 5 (Reuters) – Soyabean oil prices today recovered marginally 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 American soya digam climbed in overseas
markets. Fresh rise on NCDEX and reported demand from South-based traders also boosted prices,
sources said Wednesday.. 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut oil, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect nearly steady trend in major edible oils here. 
    
   SOYMEAL
  * Soymeal prices today firmed up again here on increased demand from South-based 
    traders.    
     
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good seasonal demand from local crushing plants amid weak supply 
    from producing regions. Healthy rise on NCDEX, recovery in soyabean oil and fresh 
    hike in Madhya Pradesh soyabean prices also jacked up prices here. 
    About 350 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    32,500-35,900       32,500-35,700         --
    (Available price)
    Market delivery    32,600-36,000       32,600-35,800          --
    (Traders price)
    Plant delivery     37,200-37,500       37,200-37,500          --

    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 – 37,700, Washim – 37,600, Khamgaon – 37,400, Dhulia – 38,500, 
    Hingoli – 38,600, Jalna – 37,200, Nandurbar – 37,200, 
    Latur – 38,600, Nanded – 38,700, Solapur – 39,000, Sangli – 37,700.
        
    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         772            771
    Soyoil solvent crushing plant delivery         732            731    
    Cottonseed refined                             740            740
    Cottonseed solvent                             700            700
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  920            920
    Linseed oil (10 kg)                            900            900
    Rapeseed oil (for 15 kg)                       1,370          1,370
    Castor oil (for 15 kg)                         1,770          1,770
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 772            770
    Soyoil Solvent                                 732            730
    Cottonseed refined                             740            740
    Cottonseed solvent                             700            705

    AKOLA
    Soyoil refined                                 772            770
    Soyoil Solvent                                 732            730        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             700            700

    DHULIA
    Soyoil refined                                 779            778
  
    KHAMGAON
    Soyoil refined 
                                                779            778
    JALNA
    Soyoil refined 
                                                   778            776
    NANDED
    Soyoil refined                                 758            756
   
    Soyoil refined prices at other places in Maharashtra : Latur - 771, 
    Khamgaon – 772, Washim – 779, Solapur – 778, Sangli – 779.

    (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)                  30,900-31,300    30,600-31,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 30,900, Dhulia – 31,800, Hingoli – 32,100, Jalna – 31,900,
    Nandurbar – 31,900, Khamgaon – 30,700, Latur – 31,500, Nanded – 32,300,
    Solapur – 32,100, Dharwad – 31,900, Sangli – 32,300

WEATHER (NAGPUR)  
Maximum temp. 36.2 degree Celsius, minimum temp. 21.1 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 36 degree
Celsius and 20 degree Celsius.

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

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