November 20, 2019 / 10:54 AM / 3 months ago

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

Nagpur, Nov 20 (Reuters) – Soyabean oil prices recovered strongly in Vidarbha region of Western
Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing regions.
Buying activity in edible oils picked up as Malaysian palm oil and American soya digam climbed
in overseas markets. Healthy rise on NCDEX and reported demand from South-based traders also
boosted prices, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, 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 oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor.
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on increased demand from local crushing plants amid tight supply 
  from producing belts. Healthy rise in soyabean oil, good recovery on NCDEX, upward 
  trend in Madhya Pradesh soyabean price sand reported demand from South-based crushing 
  plants also helped to push up prices here.  
    About 4,500 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    29,000-37,600       28,500-37,300         --
    (Available price)
    Market delivery    29,100-37,600       28,600-37,400          --
    (Traders price)
    Plant delivery     37,900-38,300       37,900-38,300          --

    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 – 38,500, 
    Hingoli – 38,600, Jalna – 37,100, Nandurbar – 38,800, 
    Latur – 39,000, Nanded – 37,900, Solapur – 38,600, 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         795            790
    Soyoil solvent crushing plant delivery         755            750    
    Cottonseed refined                             780            780
    Cottonseed solvent                             740            740
    Groundnut oil – loose (10 kg)                  1,260          1,260
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  970            970
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,430          1,430
    Castor oil (for 15 kg)                         1,680          1,680
    Coconut KP oil (for 15 kg)                     3,020          3,020

    AMRAVATI
    Soyoil refined                                 798            792
    Soyoil Solvent                                 757            752
    Cottonseed refined                             775            775
    Cottonseed solvent                             735            735

    AKOLA
    Soyoil refined                                 798            792
    Soyoil Solvent                                 756            753        
    Cottonseed refined oil                         775          775 
    Cottonseed solvent                             735            735

    DHULIA
    Soyoil refined                                 793            790
  
    KHAMGAON
    Soyoil refined 
                                                799            797
    JALNA
    Soyoil refined 
                                                   795            793
    NANDED
    Soyoil refined                                 785            780
   
    Soyoil refined prices at other places in Maharashtra : Latur - 800, 
    Washim – 795, Solapur – 785, Sangli – 799.

    (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)                  32,500-33,000    32,500-33,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,600, 
    Washim – 32,400, Dhulia – 34,000, Hingoli – 33,500, Jalna – 33,800,
    Nandurbar – 33,500, Khamgaon – 31,400, Latur – 34,500, Nanded – 32,800,
    Solapur – 33,700, Dharwad – 33,800, Sangli – 33,300

WEATHER (NAGPUR)  
Maximum temp. 31.8 degree Celsius, minimum temp. 15.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 31 degree
Celsius and 15 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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