May 20, 2019 / 8:11 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- MAY 20, 2019

Nagpur Soybean, Soyoil, Soymeal Open-May 20, 2018

Nagpur, May 20 (Reuters) – Groundnut oil prices today shot up in Vidarbha region of Western
Maharashtra on fresh buying by Vansaspati millers for the festival season amid a firming trend
in producing regions like Gujarath and Tamilnadu. Weak supply from producing belts and reported
demand of traders of other states also boosted prices. Trading activity in other edible oils
reported weak because of easy condition in international edible oil prices, according to
sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, sunflower refined, linseed, rapeseed, castor and coconut KP oil 
    ruled steady here in sluggish trading activity.  
  * Traders expect upward trend in groundnut oil prices here. 
    
   SOYMEAL
  * Soymeal prices today moved down here on lack of demand from traders. Easy condition 
    in international soymeal prices also affected sentiment.         
                                         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor buying support from local crushing plants. Easy condition on 
    NCDEX, no takers to soyabean oil, fresh fall in soymeal and weak trend in Madhya 
    Pradesh soyabean prices also pulled down prices in thin trading activity.
    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    34,000-36,500       34,000-36,800         --
    (Available price)
    Market delivery    34,100-36,600       34,100-36,900          --
    (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 – 38,400, Jalna – 38,200, Nandurbar – 38,300, 
    Latur – 38,300, Nanded – 38,400, Solapur – 38,400, 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         756            756
    Soyoil solvent crushing plant delivery         716            716    
    Cottonseed refined                             735            735
    Cottonseed solvent                             695            695
    Groundnut oil – loose (10 kg)                  1,240          1,220
    Groundnut oil refined (15 Litre)               1,830          1,810
    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          1,920
    Coconut KP oil (for 15 kg)                     3,140          3,140

    AMRAVATI
    Soyoil refined                                 755            755
    Soyoil Solvent                                 715            715
    Cottonseed refined                             735            735
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 756            756
    Soyoil Solvent                                 716            716        
    Cottonseed refined oil                         740          740 
    Cottonseed solvent                             700            700

    DHULIA
    Soyoil refined                                 758            758
  
    KHAMGAON
    Soyoil refined 
                                                755            755
    JALNA
    Soyoil refined 
                                                   756            756
    NANDED
    Soyoil refined                                 745            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 749, 
    Khamgaon – 760, Washim – 760, Solapur – 756, Sangli – 758.

    (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)                  31,500-32,000    31,700-32,300
      
    Soymeal prices at other places in Maharashtra : Akola – 32,200, 
    Washim – 32,200, Dhulia – 33,600, Hingoli – 33,600, Jalna – 33,600,
    Nandurbar – 33,500, Khamgaon – 32,000, Latur – 33,000, Nanded – 33,000,
    Solapur – 33,100, Dharwad – 33,100, Sangli – 33,300

WEATHER (NAGPUR)  
Maximum temp. 44.1 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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