May 15, 2019 / 8:08 AM / 12 days ago

Nagpur Soybean, Soyoil, Soymeal Open- MAY 15, 2019

Nagpur Soybean, Soyoil, Soymeal Open-May 15, 2018

Nagpur, May 15 (Reuters) – The rising trend in soyabean, cottonseed and groundnut oil prices
remained unabated for the third 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. Notable
hike in internationals edible oils and good recovery in Madhya Pradesh edible oils also boosted
sentiment, sources said Wednesday.


                       *****
VIDARBHA MARKETS
OILS
  * Sunflower refined, linseed, rapeseed, castor and coconut KP oil ruled steady here in 
    thin trading activity.  
  * Traders expect further rise in soyabean and groundnut oil prices here. 
    
   SOYMEAL
  * Soymeal prices today zoomed up again here on increased demand from South-based 
    traders amid tight supply from crushing plants.         
                                         
   SOYABEAN
  * Soyabean prices recovered marginally in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply from 
    producing regions. Healthy rise on NCDEX, good recovery in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also jacked up prices.
    About 150 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    33,750-36,100       33,500-36,000         --
    (Available price)
    Market delivery    33,850-36,200       33,600-36,100          --
    (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 – 38,800, Jalna – 37,400, Nandurbar – 37,300, 
    Latur – 38,800, Nanded – 38,800, Solapur – 38,800, 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         753            749
    Soyoil solvent crushing plant delivery         713            709    
    Cottonseed refined                             735            730
    Cottonseed solvent                             695            690
    Groundnut oil – loose (10 kg)                  1,190          1,180
    Groundnut oil refined (15 Litre)               1,760          1,750
    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)                         1,920          1,900
    Coconut KP oil (for 15 kg)                     3,140          3,140

    AMRAVATI
    Soyoil refined                                 752            748
    Soyoil Solvent                                 712            708
    Cottonseed refined                             735            730
    Cottonseed solvent                             695            690

    AKOLA
    Soyoil refined                                 753            749
    Soyoil Solvent                                 713            709        
    Cottonseed refined oil                         740          735 
    Cottonseed solvent                             700            695

    DHULIA
    Soyoil refined                                 758            754
  
    KHAMGAON
    Soyoil refined 
                                                762            758
    JALNA
    Soyoil refined 
                                                   758            754
    NANDED
    Soyoil refined                                 746            742
   
    Soyoil refined prices at other places in Maharashtra : Latur - 740, 
    Khamgaon – 755, Washim – 756, Solapur – 749, Sangli – 753.

    (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)                  32,000-32,500    31,500-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,900, 
    Washim – 32,100, Dhulia – 33,500, Hingoli – 33,600, Jalna – 33,400,
    Nandurbar – 33,100, Khamgaon – 31,500, Latur – 33,000, Nanded – 33,000,
    Solapur – 33,100, Dharwad – 32,900, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 44.0 degree Celsius, minimum temp. 28.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 44 degree
Celsius and 29 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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