May 8, 2019 / 8:22 AM / 14 days ago

Nagpur Soybean, Soyoil, Soymeal Open- MAY 08, 2019

Nagpur Soybean, Soyoil, Soymeal Open-May 8, 2018

Nagpur, May 8 (Reuters) – Barring a marginal rise in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Notable rise in demand from millers and retailers against
inadequate stocks mainly pushed soyabean oil prices up. Fresh hike in Malaysian palm oil prices
also boosted sentiment, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed 
    and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Easy condition American 
    soymeal prices also affected sentiment.        
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. No takers to 
    soymeal, easy condition in Madhya Pradesh soyabean prices and high moisture content
    arrival also pulled down prices here in limited deals.
    About 300 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    32,000-34,700       32,200-34,900         --
    (Available price)
    Market delivery    32,100-34,800       32,300-35,000          --
    (Traders price)
    Plant delivery     36,700-37,200       36,700-37,200          --

    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 – 37,200, Dhulia – 37,500, 
    Hingoli – 37,800, Jalna – 37,300, Nandurbar – 37,200, 
    Latur – 37,800, Nanded – 37,800, Solapur – 38,200, Sangli – 37,900.
        
    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         740            738
    Soyoil solvent crushing plant delivery         700            698    
    Cottonseed refined                             720            720
    Cottonseed solvent                             680            680
    Groundnut oil – loose (10 kg)                  1,120          1,120
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,270          1,270
    Castor oil (for 15 kg)                         1,900          1,900
    Coconut KP oil (for 15 kg)                     3,140          3,140

    AMRAVATI
    Soyoil refined                                 741            740
    Soyoil Solvent                                 701            700
    Cottonseed refined                             720            725
    Cottonseed solvent                             680            685

    AKOLA
    Soyoil refined                                 741            738
    Soyoil Solvent                                 701            700        
    Cottonseed refined oil                         725          725 
    Cottonseed solvent                             685            685

    DHULIA
    Soyoil refined                                 752            750
  
    KHAMGAON
    Soyoil refined 
                                                746            744
    JALNA
    Soyoil refined 
                                                   745            744
    NANDED
    Soyoil refined                                 733            732
   
    Soyoil refined prices at other places in Maharashtra : Latur - 725, 
    Khamgaon – 742, Washim – 743, Solapur – 735, Sangli – 738.

    (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)                  31,000-31,500    31,000-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,400, 
    Washim – 31,600, Dhulia – 32,600, Hingoli – 33,600, Jalna – 32,900,
    Nandurbar – 32,600, Khamgaon – 30,700, Latur – 32,500, Nanded – 32,500,
    Solapur – 33,000, Dharwad – 32,800, Sangli – 32,200

WEATHER (NAGPUR)  
Maximum temp. 44.6 degree Celsius, minimum temp. 31.2 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 45 degree
Celsius and 31 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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