May 13, 2019 / 8:28 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- MAY 13, 2019

Nagpur Soybean, Soyoil, Soymeal Open-May 13, 2018

Nagpur, May 13 (Reuters) – Prices of groundnut oil in edible section today skyrocketed in
Vidarbha region of Western Maharashtra on fresh buying by Vansaspati millers for the seasonal
demand amid a firming trend in producing regions like Gujarath and Tamilnadu. Weak supply from
producing belts and reported demand from traders of other states also boosted prices. Trading
activity in other edible oils reported weak because of fresh fall in Malaysian palm oil,
according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, sunflower refined, linseed, rapeseed, castor and coconut KP oil 
    ruled steady here in thin trading activity.  
  * Traders expect further rise in groundnut oil here. 
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor.         
                                         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants. Healthy rise in 
    Madhya Pradesh soyabean prices and reported demand from South-based plants also 
    jacked up prices.
    About 250 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    33,750-36,000       33,500-35,500         --
    (Available price)
    Market delivery    33,850-36,100       33,600-35,600          --
    (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 – 37,600, 
    Hingoli – 38,100, Jalna – 37,400, Nandurbar – 37,300, 
    Latur – 38,100, Nanded – 38,100, Solapur – 38,400, 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         746            746
    Soyoil solvent crushing plant delivery         706            706    
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685
    Groundnut oil – loose (10 kg)                  1,150          1,120
    Groundnut oil refined (15 Litre)               1,700          1,650
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,260          1,260
    Castor oil (for 15 kg)                         1,900          1,900
    Coconut KP oil (for 15 kg)                     3,140          3,140

    AMRAVATI
    Soyoil refined                                 746            746
    Soyoil Solvent                                 706            706
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685

    AKOLA
    Soyoil refined                                 747            747
    Soyoil Solvent                                 707            707        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 757            757
  
    KHAMGAON
    Soyoil refined 
                                                754            754
    JALNA
    Soyoil refined 
                                                   751            751
    NANDED
    Soyoil refined                                 739            739
   
    Soyoil refined prices at other places in Maharashtra : Latur - 733, 
    Khamgaon – 750, Washim – 750, Solapur – 742, Sangli – 746.

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

WEATHER (NAGPUR)  
Maximum temp. 44.0 degree Celsius, minimum temp. 27.6 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 44 degree
Celsius and 28 degree Celsius respectively.

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

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