September 16, 2019 / 8:07 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- September 16, 2019

Nagpur Soybean, Soyoil, Soymeal Open-September 16, 2019

Nagpur, Sept 16 (Reuters) – Prices of soyabean oil and cottonseed oil today firmed up in
Vidarbha region of Western Maharashtra on fresh buying by Vansaspati millers for the festival
seasonal demand amid a upward trend in producing regions. Weak supply from producing regions and
reported demand of traders of other states also boosted prices. Trading activity in other edible
oils reported weak because of fresh hike in American soya digam prices, according to sources.


                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
    rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect further rise in soyabean and cottonseed oil here.  
    
   SOYMEAL
  * Soymeal prices today recovered smartly here on renewed demand from South-based 
    traders. Fresh hike in international soymeal prices also boosted sentiment.      
                                         
   SOYABEAN
  * Soyabean prices reported storng in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply 
    from producing belts. Healthy recovery in soyabean oil, notable rise in soymeal, 
    fresh hike in Madhya Pradesh soyabean prices and reported demand from South-based 
    plants also helped to push up prices.
    About 250 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    35,500-37,500       35,000-37,200         --
    (Available price)
    Market delivery    35,600-37,600       35,100-37,300          --
    (Traders price)
    Plant delivery     38,200-38,500       38,000-38,000          --

    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 – 38,200, Washim – 38,200, Khamgaon – 38,200, Dhulia – 38,600, 
    Hingoli – 40,000, Jalna – 38,000, Nandurbar – 37,000, 
    Latur – 40,900, Nanded – 40,200, Solapur – 40,200, Sangli – 39,000.
        
    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         765            761
    Soyoil solvent crushing plant delivery         725            721    
    Cottonseed refined                             780            777
    Cottonseed solvent                             740            737
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  940            940
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,890          1,890
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 766            762
    Soyoil Solvent                                 726            722
    Cottonseed refined                             805            800
    Cottonseed solvent                             765            760

    AKOLA
    Soyoil refined                                 766            761
    Soyoil Solvent                                 726            723        
    Cottonseed refined oil                         805          800 
    Cottonseed solvent                             765            765

    DHULIA
    Soyoil refined                                 765            762
  
    KHAMGAON
    Soyoil refined 
                                                771            766
    JALNA
    Soyoil refined 
                                                   768            769
    NANDED
    Soyoil refined                                 755            752
   
    Soyoil refined prices at other places in Maharashtra : Latur - 763, 
    Khamgaon – 766, Washim – 757, Solapur – 765, Sangli – 767.

    (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)                  33,500-34,000    33,200-33,700
      
    Soymeal prices at other places in Maharashtra : Akola – 33,800, 
    Washim – 33,900, Dhulia – 35,300, Hingoli – 34,700, Jalna – 35,000,
    Nandurbar – 34,700, Khamgaon – 33,200, Latur – 35,000, Nanded – 35,000,
    Solapur – 34,800, Dharwad – 34,900, Sangli – 34,300

WEATHER (NAGPUR)  
Maximum temp. 30.4 degree Celsius, minimum temp. 24.5 degree Celsius 
Rainfall : 0.8 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 31 degree Celsius and 25 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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