November 5, 2019 / 10:34 AM / 14 days ago

Nagpur Soybean, Soyoil, Soymeal Open- November 05, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 5, 2018

Nagpur, Nov 5 (Reuters) – The rising trend in soyabean and cottonseed oil remained unabated for
the second straight day today in Vidarbha region of Central Maharashtra as prices rise further
on increased buying by vanaspati millers for the ongoing festival season, amid a firm overseas
trend. Sentiment remained strong, as soya digam oil prices rose in America. Good rise in
Malaysian palm oil and increased demand from South-based traders also pushed up prices, sources
said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, castor and 
    coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect upward trend in soyabean and cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today reported strong here on good buying support from South-based 
   traders amid weak supply from local crushing plants.
                                         
   SOYABEAN
  * Soyabean prices zoomed up in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on good demand from local crushing plants amid weak supply from 
  producing regions. Sharp rise in soyabean oil & soymeal, good recovery in Madhya 
  Pradesh soyabean prices and reported demand from South-based plants also jacked up 
  prices.  
    About 8,000 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    31,000-38,200       30,500-37,500         --
    (Available price)
    Market delivery    31,100-38,300       30,600-37,600          --
    (Traders price)
    Plant delivery     38,700-39,000       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 – 41,500, Jalna – 39,000, Nandurbar – 40,000, 
    Latur – 41,500, Nanded – 41,500, Solapur – 41,500, 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         798            791
    Soyoil solvent crushing plant delivery         758            752    
    Cottonseed refined                             810            805
    Cottonseed solvent                             770            765
    Groundnut oil – loose (10 kg)                  1,250          1,250
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  940            940
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,680          1,680
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 793            789
    Soyoil Solvent                                 753            748
    Cottonseed refined                             808            802
    Cottonseed solvent                             768            756

    AKOLA
    Soyoil refined                                 795            789
    Soyoil Solvent                                 755            749        
    Cottonseed refined oil                         810          805 
    Cottonseed solvent                             770            763

    DHULIA
    Soyoil refined                                 794            789
  
    KHAMGAON
    Soyoil refined 
                                                779            772
    JALNA
    Soyoil refined 
                                                   796            792
    NANDED
    Soyoil refined                                 785            781
   
    Soyoil refined prices at other places in Maharashtra : Latur - 783, 
    Khamgaon – 795, Washim – 789, Solapur – 785, Sangli – 795.

    (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)                  34,000-34,500    33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 34,300, 
    Washim – 34,300, Dhulia – 35,500, Hingoli – 34,800, Jalna – 35,000,
    Nandurbar – 35,800, Khamgaon – 32,900, Latur – 35,500, Nanded – 35,000,
    Solapur – 34,500, Dharwad – 34,900, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 33.2 degree Celsius, minimum temp. 20.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 33 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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