May 16, 2019 / 8:24 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- MAY 16, 2019

Nagpur Soybean, Soyoil, Soymeal Open-May 16, 2018

Nagpur, May 16 (Reuters) – Soyabean and groundnut oil prices today touched to a record high in
Vidarbha region of Western Maharashtra on fresh buying by Vansaspati millers for the festival
season amid a firming global trend. Sentiment also improved after as Malaysian palm oil and
American soya digam recovered smartly. Sharp rise on NCDEX and fresh hike in Madhya Pradesh
soyabeal oil prices also fuelled prices, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, sunflower refined, linseed, rapeseed, castor and coconut KP oil ruled 
    steady here in sluggish trading activity.  
  * Traders expect upward trend in soyabean and groundnut oil prices here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor in limited deals.         
                                         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid tight supply from 
    producing regions. Sharp rise in soyabean oil, good recovery in Madhya Pradesh 
    soyabean prices and increased demand from South-based plants also boosted prices.
    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    34,000-36,900       33,500-36,500         --
    (Available price)
    Market delivery    34,100-37,000       33,600-36,600          --
    (Traders price)
    Plant delivery     38,000-38,500       37,700-38,200          --

    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 – 38,100, Washim – 38,200, Khamgaon – 38,200, Dhulia – 39,000, 
    Hingoli – 39,000, Jalna – 38,200, Nandurbar – 38,300, 
    Latur – 39,000, Nanded – 39,000, Solapur – 39,200, Sangli – 39,250.
        
    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         763            755
    Soyoil solvent crushing plant delivery         723            717    
    Cottonseed refined                             735            735
    Cottonseed solvent                             695            695
    Groundnut oil – loose (10 kg)                  1,210          1,190
    Groundnut oil refined (15 Litre)               1,800          1,770
    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                                 762            756
    Soyoil Solvent                                 722            718
    Cottonseed refined                             735            735
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 761            755
    Soyoil Solvent                                 721            716        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             700            700

    DHULIA
    Soyoil refined                                 763            760
  
    KHAMGAON
    Soyoil refined 
                                                760            757
    JALNA
    Soyoil refined 
                                                   760            754
    NANDED
    Soyoil refined                                 747            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 753, 
    Khamgaon – 765, Washim – 766, Solapur – 759, Sangli – 763.

    (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    32,000-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,500, 
    Washim – 32,500, Dhulia – 33,800, Hingoli – 33,600, Jalna – 33,800,
    Nandurbar – 33,600, Khamgaon – 32,200, Latur – 33,000, Nanded – 33,500,
    Solapur – 33,100, Dharwad – 33,300, Sangli – 33,300

WEATHER (NAGPUR)  
Maximum temp. 44.3 degree Celsius, minimum temp. 28.4 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 45 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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