May 17, 2019 / 8:01 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- MAY 17, 2019

Nagpur Soybean, Soyoil, Soymeal Open-May 17, 2018

Nagpur, May 17 (Reuters) – The rising trend in groundnut oil prices remained unabated for the
fourth 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 weak in other edible oil because of fresh fall in Malaysian palam
oil, sources said Friday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, sunflower refined, linseed, rapeseed, castor and coconut KP oil 
    ruled steady here in weak trading activity.  
  * Traders expect further rise in groundnut oil prices here. 
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor.         
                                         
   SOYABEAN
  * Soyabean prices declined marginally in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid good supply from 
    producing regions. No takers to soyabean oil & soymeal and easy condition in Madhya 
    Pradesh soyabean prices also affected sentiment in limited deals.
    About 400 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    34,000-36,800       33,500-36,900         --
    (Available price)
    Market delivery    34,100-36,900       33,600-37,000          --
    (Traders price)
    Plant delivery     38,000-38,500       38,000-38,500          --

    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         759            759
    Soyoil solvent crushing plant delivery         719            719    
    Cottonseed refined                             735            735
    Cottonseed solvent                             695            695
    Groundnut oil – loose (10 kg)                  1,220          1,210
    Groundnut oil refined (15 Litre)               1,810          1,800
    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                                 758            758
    Soyoil Solvent                                 718            718
    Cottonseed refined                             735            735
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 759            759
    Soyoil Solvent                                 719            719        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             700            700

    DHULIA
    Soyoil refined                                 760            760
  
    KHAMGAON
    Soyoil refined 
                                                757            757
    JALNA
    Soyoil refined 
                                                   758            758
    NANDED
    Soyoil refined                                 747            747
   
    Soyoil refined prices at other places in Maharashtra : Latur - 751, 
    Khamgaon – 762, Washim – 762, Solapur – 758, Sangli – 760.

    (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 – 33,300,
    Solapur – 33,100, Dharwad – 33,300, Sangli – 33,300

WEATHER (NAGPUR)  
Maximum temp. 45.0 degree Celsius, minimum temp. 30.1 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 45 degree
Celsius and 30 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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