November 25, 2019 / 8:43 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- November 25, 2019

Nagpur, Nov 25 (Reuters) – Prices of soyabean and cottonseed oil in edible section and Linseed
oil in non-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 overseas oil
prices. Weak supply from producing regions and reported demand of traders of other states also
boosted prices. Sharp recovery on NCDEX also boosted sentiment, according to sources..

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, 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 recovered in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on increased buying support from local crushing plants. Sharp rise 
  in soyabean oil, good rise on NCDEX and upward trend in Madyhya Pradesh soyabean 
  prices also helped to push up prices.  
    About 2,000 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    32,000-38,000       31,900-37,900         --
    (Available price)
    Market delivery    32,100-38,100       32,000-38,000          --
    (Traders price)
    Plant delivery     38,500-39,250       38,500-39,250          --

    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 – 39,100, Washim – 39,200, Khamgaon – 39,000, Dhulia – 40,000, 
    Hingoli – 39,200, Jalna – 37,100, Nandurbar – 38,800, 
    Latur – 39,300, Nanded – 39,300, Solapur – 39,700, Sangli – 38,900.
        
    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         802            795
    Soyoil solvent crushing plant delivery         762            755    
    Cottonseed refined                             785            780
    Cottonseed solvent                             745            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)                            880            870
    Rapeseed oil (for 15 kg)                       1,440          1,440
    Castor oil (for 15 kg)                         1,600          1,600
    Coconut KP oil (for 15 kg)                     2,970          3,000

    AMRAVATI
    Soyoil refined                                 805            800
    Soyoil Solvent                                 765            761
    Cottonseed refined                             790            785
    Cottonseed solvent                             750            745

    AKOLA
    Soyoil refined                                 805            798
    Soyoil Solvent                                 760            756        
    Cottonseed refined oil                         790          785 
    Cottonseed solvent                             750            745

    DHULIA
    Soyoil refined                                 800            796
  
    KHAMGAON
    Soyoil refined 
                                                802            799
    JALNA
    Soyoil refined 
                                                   802            797
    NANDED
    Soyoil refined                                 790            784
   
    Soyoil refined prices at other places in Maharashtra : Latur - 805, 
    Washim – 795, Solapur – 793, Sangli – 803.

    (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 – 32,000, 
    Washim – 33,000, Dhulia – 34,300, Hingoli – 33,500, Jalna – 33,800,
    Nandurbar – 33,800, Khamgaon – 31,500, Latur – 34,200, Nanded – 33,300,
    Solapur – 33,700, Dharwad – 34,200, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 31.7 degree Celsius, minimum temp. 15.8 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 31 degree
Celsius and 16 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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