May 9, 2019 / 8:34 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- MAY 09, 2019

Nagpur Soybean, Soyoil, Soymeal Open-May 9, 2018

Nagpur, May 9 (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. Good
recovery in Madhya Pradesh edible oils also boosted sentiment, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed 
    and coconut KP oil ruled steady here in weak trading activity.  
  * Traders expect nearly further rise in soyabean oil here 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Fresh fall in American 
    soymeal prices also affected sentiment.        
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants. Notable rise in 
    soyabean oil, upward trend in Madhya Pradesh soyabean prices and enquiries from 
    South-based plants also helped to push up prices.
    About 200 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    33,000-35,500       32,600-35,100         --
    (Available price)
    Market delivery    33,100-35,500       32,700-35,200          --
    (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 – 37,900, Jalna – 37,300, Nandurbar – 37,200, 
    Latur – 37,900, Nanded – 38,000, 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         744            740
    Soyoil solvent crushing plant delivery         704            700    
    Cottonseed refined                             725            720
    Cottonseed solvent                             685            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                                 745            740
    Soyoil Solvent                                 705            700
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685

    AKOLA
    Soyoil refined                                 744            741
    Soyoil Solvent                                 704            701        
    Cottonseed refined oil                         730          725 
    Cottonseed solvent                             690            685

    DHULIA
    Soyoil refined                                 756            753
  
    KHAMGAON
    Soyoil refined 
                                                751            747
    JALNA
    Soyoil refined 
                                                   749            746
    NANDED
    Soyoil refined                                 737            733
   
    Soyoil refined prices at other places in Maharashtra : Latur - 729, 
    Khamgaon – 746, Washim – 747, Solapur – 739, Sangli – 742.

    (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 – 33,000, Hingoli – 33,600, Jalna – 32,900,
    Nandurbar – 32,600, Khamgaon – 31,500, Latur – 32,800, Nanded – 32,500,
    Solapur – 33,000, Dharwad – 32,800, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 45.0 degree Celsius, minimum temp. 29.4 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 45 degree
Celsius and 29 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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