November 11, 2019 / 9:56 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- November 11, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 11, 2019

Nagpur, Nov 11 (Reuters) – Prices of soyabean oil, cottonseed oil, sunflower refined and
rapeseed oil today flared up in Vidarbha region of Western Maharashtra on fresh buying by
Vansaspati millers for the seasonal demand amid a firming trend in producing belts. Sharp
recovery in Malaysian palm and good rise in American soya digam prices also boosted sentiment.
Record rise on NCDEX in soyabean oil and fresh recovery in Madhya Pradesh oil also helped to
push up prices, according to sources.



                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, castor and coconut KP 
    oil ruled steady here in thin trading activity.  
  * Traders expect further rise in major edible oils here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor.
                                         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on good demand from local crushing plants amid weak 
  supply from producing regions. Reports about damage of soyabean because of unseasonal 
  rains, healthy rise in Madhya Pradesh soyabean prices and reported demand from South-
  based plants also jacked up prices here.  
    About 5,000 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    31,000-38,100       31,000-37,900         --
    (Available price)
    Market delivery    31,100-38,200       31,100-38,000          --
    (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 – 38,300, Washim – 38,500, Khamgaon – 38,600, Dhulia – 39,200, 
    Hingoli – 39,200, Jalna – 37,100, Nandurbar – 39,300, 
    Latur – 39,600, Nanded – 38,700, Solapur – 39,500, Sangli – 38,500.
        
    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         813            803
    Soyoil solvent crushing plant delivery         773            762    
    Cottonseed refined                             815            805
    Cottonseed solvent                             775            765
    Groundnut oil – loose (10 kg)                  1,260          1,260
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  950            940
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,390          1,360
    Castor oil (for 15 kg)                         1,650          1,650
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 812            802
    Soyoil Solvent                                 772            763
    Cottonseed refined                             810            800
    Cottonseed solvent                             770            765

    AKOLA
    Soyoil refined                                 815            802
    Soyoil Solvent                                 775            762        
    Cottonseed refined oil                         813          808 
    Cottonseed solvent                             773            766

    DHULIA
    Soyoil refined                                 805            795
  
    KHAMGAON
    Soyoil refined 
                                                802            793
    JALNA
    Soyoil refined 
                                                   800            792
    NANDED
    Soyoil refined                                 802            791
   
    Soyoil refined prices at other places in Maharashtra : Latur - 803, 
    Washim – 807, Solapur – 802, Sangli – 805.

    (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 – 32,800, 
    Washim – 33,300, Dhulia – 34,500, Hingoli – 34,500, Jalna – 34,500,
    Nandurbar – 34,700, Khamgaon – 32,500, Latur – 34,500, Nanded – 34,500,
    Solapur – 34,700, Dharwad – 34,900, Sangli – 34,000

WEATHER (NAGPUR)  
Maximum temp. 32.1 degree Celsius, minimum temp. 15.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 32 degree
Celsius and 17 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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