May 23, 2019 / 7:56 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- MAY 23, 2019

Nagpur Soybean, Soyoil, Soymeal Open-May 23, 2018

Nagpur, May 23 (Reuters) – Prices of groundnut oil in edible section today rose up 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
regions and reported demand of traders of other states also boosted prices. Trading activity in
other edible oils reported weak because Lok Sabha election results announcement, 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 further rise in groundnut oil here. 
    
   SOYMEAL
  * Soymeal prices today reported higher here on increased demand from South-based traders.
Notable hike in international soymeal prices also boosted sentiment.         
                                         
                                                                          
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         749            749
    Soyoil solvent crushing plant delivery         709            709    
    Cottonseed refined                             730            730
    Cottonseed solvent                             690            690
    Groundnut oil – loose (10 kg)                  1,210          1,240
    Groundnut oil refined (15 Litre)               1,850          1,830
    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                                 750            750
    Soyoil Solvent                                 710            710
    Cottonseed refined                             730            730
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 750            750
    Soyoil Solvent                                 710            710        
    Cottonseed refined oil                         735          735 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 753            753
  
    KHAMGAON
    Soyoil refined 
                                                751            751
    JALNA
    Soyoil refined 
                                                   752            752
    NANDED
    Soyoil refined                                 743            743
   
    Soyoil refined prices at other places in Maharashtra : Latur - 744, 
    Khamgaon – 753, Washim – 755, Solapur – 752, 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)                  31,700-32,200    31,500-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 32,200, Dhulia – 33,500, Hingoli – 33,600, Jalna – 33,400,
    Nandurbar – 33,500, Khamgaon – 31,500, Latur – 33,200, Nanded – 33,000,
    Solapur – 33,100, Dharwad – 33,300, Sangli – 33,300

WEATHER (NAGPUR)  
Maximum temp. 46.0 degree Celsius, minimum temp. 28.8 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 46 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.
            
ATTN: Counting of Lok Sabha election is going on in the Nagpur APMC premises and for security
reason APMC has suspended auctions till tomorrow. Therefore, soyabean mandi and wholesale mandi
of Nagpur APMC are officially open with no trading activity. 

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