October 25, 2019 / 8:29 AM / 25 days ago

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

Nagpur Soybean, Soyoil, Soymeal Open-October 25, 2018

Nagpur, Oct 25 (Reuters) – Soyabean and cottonseed oil prices today recovered strongly in
Vidarbha region of Western Maharashtra on increased Diwali festival 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. Good rise on NCDEX and reported
demand from South-based traders also boosted prices, sources said Friday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, castor and 
    coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect further rise in soyabean and cottonseed oils here.   
    
   SOYMEAL
 * Soymeal prices today ruled quoted static here but demand was poor. Weak trend in 
   overseas soymeal prices also affected trading activity here.
                                         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on good demand from local crushing plants amid weak 
  supply from producing regions. Sharp hike in soyabean oil, good recovery on NCDEX and 
  upward trend in Madhya Pradesh soyabean prices also helped to push up prices
  here.  
    About 4,000 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    28,500-35,100       28,300-35,000         --
    (Available price)
    Market delivery    28,600-35,200       28,400-35,100          --
    (Traders price)
    Plant delivery     37,000-37,300       37,000-37,300          --

    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 – 37,700, Washim – 37,300, Khamgaon – 37,200, Dhulia – 37,800, 
    Hingoli – 37,800, Jalna – 36,500, Nandurbar – 37,900, 
    Latur – 38,000, Nanded – 37,900, Solapur – 38,000, Sangli – 37,000.
        
    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         773            765
    Soyoil solvent crushing plant delivery         733            725    
    Cottonseed refined                             790            780
    Cottonseed solvent                             750            740
    Groundnut oil – loose (10 kg)                  1,250          1,250
    Groundnut oil refined (15 Litre)               1,840          1,840
    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                                 774            769
    Soyoil Solvent                                 734            729
    Cottonseed refined                             815            805
    Cottonseed solvent                             775            765

    AKOLA
    Soyoil refined                                 774            767
    Soyoil Solvent                                 734            728        
    Cottonseed refined oil                         810          800 
    Cottonseed solvent                             770            760

    DHULIA
    Soyoil refined                                 770            765
  
    KHAMGAON
    Soyoil refined 
                                                750            765
    JALNA
    Soyoil refined 
                                                   767            761
    NANDED
    Soyoil refined                                 755            750
   
    Soyoil refined prices at other places in Maharashtra : Latur - 755, 
    Khamgaon – 772, Washim – 770, Solapur – 755, Sangli – 772.

    (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)                  34,500-35,000    34,500-35,000
      
    Soymeal prices at other places in Maharashtra : Akola – 35,100, 
    Washim – 35,300, Dhulia – 35,700, Hingoli – 35,800, Jalna – 35,000,
    Nandurbar – 35,200, Khamgaon – 31,800, Latur – 34,000, Nanded – 34,000,
    Solapur – 35,000, Dharwad – 35,000, Sangli – 34,300

WEATHER (NAGPUR)  
Maximum temp. 28.9 degree Celsius, minimum temp. 20.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 29 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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