November 29, 2019 / 8:15 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- November 29, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 29, 2019

Nagpur, Nov 29 (Reuters) – Prices of soyabean oil, coconut KP oil today rose up in Vidarbha
region of Western Maharashtra on fresh buying by Vansaspati millers for the seasonal demand amid
a firming trend in producing regions. Sharp recovery on NCDEX, healthy rise in Malaysian palm
oil and reported demand of traders of other states also boosted prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    Rapeseed and castor oil ruled steady here in sluggish trading activity.  
  * Traders expect further rise in soyabean oil here.   
    
   SOYMEAL
 * Soymeal prices showed firm tendency here on renewed demand from South-based traders.
                                         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on increased demand from local crushing plants amid weak supply from 
  producing regions. Notable rise in soyabean oil, good recovery on NCDEX and repeated 
  enquiries from South-based plants also helped to push up prices here. 
    About 2,500 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    32,000-38,000       32,000-37,800         --
    (Available price)
    Market delivery    32,100-38,300       32,100-37,900          --
    (Traders price)
    Plant delivery     38,500-39,000       38,500-39,000          --

    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 – 40,500, 
    Hingoli – 39,200, Jalna – 37,100, Nandurbar – 38,800, 
    Latur – 39,200, Nanded – 39,000, Solapur – 39,500, 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         807            802
    Soyoil solvent crushing plant delivery         767            762    
    Cottonseed refined                             785            785
    Cottonseed solvent                             745            745
    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)                            890            880
    Rapeseed oil (for 15 kg)                       1,440          1,440
    Castor oil (for 15 kg)                         1,600          1,600
    Coconut KP oil (for 15 kg)                     2,950          2,970

    AMRAVATI
    Soyoil refined                                 807            805
    Soyoil Solvent                                 767            765
    Cottonseed refined                             790            790
    Cottonseed solvent                             750            750

    AKOLA
    Soyoil refined                                 807            803
    Soyoil Solvent                                 767            762        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             750            750

    DHULIA
    Soyoil refined                                 807            803
  
    KHAMGAON
    Soyoil refined 
                                                808            805
    JALNA
    Soyoil refined 
                                                   803            800
    NANDED
    Soyoil refined                                 803            799
   
    Soyoil refined prices at other places in Maharashtra : Latur - 808, 
    Washim – 802, Solapur – 802, Sangli – 806.

    (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    32,500-33,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,400, 
    Washim – 33,000, Dhulia – 34,200, Hingoli – 33,500, Jalna – 34,300,
    Nandurbar – 34,500, Khamgaon – 31,800, Latur – 34,500, Nanded – 33,600,
    Solapur – 33,700, Dharwad – 34,000, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 31.8 degree Celsius, minimum temp. 15.9 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear 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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