November 4, 2019 / 9:23 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- November 04, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 4, 2018

Nagpur, Nov 4 (Reuters) – Soyabean, cottonseed and sunflower oil prices reported higher in
Vidarbha region of Western Maharashtra on scattered buying by Vanaspati millers influenced by a
firming global trend. Trading sentiment turned better as palm oil futures gained as exports from
Malaysia, the second largest grower, rose handsomely. Sharp hike on NCDEX, notble rise in Madhya
Pradesh edible oils and reported demand from South-based traders also boosted prices, sources
said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, linseed, rapeseed, castor and coconut KP oil 
    ruled steady here in sluggish trading activity.  
  * Traders expect further rise in soyabean and cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor.
                                         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on poor demand from local crushing plants amid high moisture content
    arrival. No takers to soymeal, downward trend in Madhya Pradesh soyabean prices and 
    release of stock from stockists also pulled down prices in limited deals.  
    About 4,000 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    30,000-36,500       30,500-36,500         --
    (Available price)
    Market delivery    30,100-36,600       30,600-36,600          --
    (Traders price)
    Plant delivery     38,500-38,750       38,000-38,750          --

    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 – 39,000, Washim – 38,900, Khamgaon – 39,000, Dhulia – 40,600, 
    Hingoli – 39,200, Jalna – 39,000, Nandurbar – 40,000, 
    Latur – 39,000, Nanded – 38,700, Solapur – 39,200, Sangli – 40,000.
        
    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.             2,100-2,300
    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         791            787
    Soyoil solvent crushing plant delivery         751            747    
    Cottonseed refined                             805            800
    Cottonseed solvent                             765            760
    Groundnut oil – loose (10 kg)                  1,250          1,250
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  940            930
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,680          1,700
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 785            783
    Soyoil Solvent                                 745            742
    Cottonseed refined                             802            800
    Cottonseed solvent                             760            755

    AKOLA
    Soyoil refined                                 792            782
    Soyoil Solvent                                 752            742        
    Cottonseed refined oil                         800          795 
    Cottonseed solvent                             760            758

    DHULIA
    Soyoil refined                                 787            784
  
    KHAMGAON
    Soyoil refined 
                                                769            764
    JALNA
    Soyoil refined 
                                                   786            782
    NANDED
    Soyoil refined                                 775            771
   
    Soyoil refined prices at other places in Maharashtra : Latur - 773, 
    Khamgaon – 785, Washim – 779, Solapur – 775, Sangli – 785.

    (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)                  33,000-33,500    33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 33,100, 
    Washim – 33,300, Dhulia – 33,700, Hingoli – 33,800, Jalna – 33,800,
    Nandurbar – 33,300, Khamgaon – 32,300, Latur – 34,000, Nanded – 34,200,
    Solapur – 33,500, Dharwad – 33,500, Sangli – 33,800

WEATHER (NAGPUR)  
Maximum temp. 33.8 degree Celsius, minimum temp. 20.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 34 degree
Celsius and 21 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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