October 17, 2019 / 8:33 AM / in 4 months

Nagpur Soybean, Soyoil, Soymeal Open- October 17, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 17, 2018

Nagpur, Oct 17 (Reuters) – Soyabean and cottonseed oil prices zoomed up in Vidarbha region of
Western Maharashtra on increased offtake by vanaspati millers for Diwali festival amid a firming
trend in producing regions. Buying activity in edible oils picked up as Malaysian palm oil
reported strong in overseas markets. Good rise on NCDEX and reported demand from South-based
traders also helped to push up prices, sources said Thursday.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed,
    rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect good rise in soyabean and cottonseed oil here.   
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Weak trend in 
    international soymeal prices also affected sentiment. 
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Healthy rise in soyabean 
    oil, good recovery on NCDEX and fresh hike in Madhya Pradesh soyabean prices also 
    boosted 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    28,000-34,300       27,700-34,000         --
    (Available price)
    Market delivery    28,100-34,400       27,800-34,100          --
    (Traders price)
    Plant delivery     36,200-36,500       36,300-36,600          --

    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 – 37,000, Washim – 37,000, Khamgaon – 36,750, Dhulia – 37,000, 
    Hingoli – 36,900, Jalna – 36,500, Nandurbar – 36,800, 
    Latur – 36,700, Nanded – 36,500, Solapur – 36,800, Sangli – 35,500.
        
    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         767            760
    Soyoil solvent crushing plant delivery         727            721    
    Cottonseed refined                             780            770
    Cottonseed solvent                             740            730
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  930            930
    Linseed oil (10 kg)                            850            850
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,730          1,730
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 768            760
    Soyoil Solvent                                 728            720
    Cottonseed refined                             810            798
    Cottonseed solvent                             770            758

    AKOLA
    Soyoil refined                                 768            760
    Soyoil Solvent                                 728            720        
    Cottonseed refined oil                         810          795 
    Cottonseed solvent                             770            760

    DHULIA
    Soyoil refined                                 769            761
  
    KHAMGAON
    Soyoil refined 
                                                770            763
    JALNA
    Soyoil refined 
                                                   771            767
    NANDED
    Soyoil refined                                 752            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 758, 
    Khamgaon – 766, Washim – 764, Solapur – 767, Sangli – 769.

    (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)                  35,000-35,500    35,000-35,500
      
    Soymeal prices at other places in Maharashtra : Akola – 36,500, 
    Washim – 33,300, Dhulia – 35,700, Hingoli – 36,000, Jalna – 35,000,
    Nandurbar – 35,700, Khamgaon – 32,500, Latur – 34,000, Nanded – 34,000,
    Solapur – 35,100, Dharwad – 35,200, Sangli – 35,500

WEATHER (NAGPUR)  
Maximum temp. 32.8 degree Celsius, minimum temp. 19.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 33 degree
Celsius and 20 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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