September 17, 2019 / 8:24 AM / a month ago

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

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

Nagpur, Sept 17 (Reuters) – The rising trend in soyabean and cottonseed oil prices remained
unabated for the second straight day today in Vidarbha region of Central Maharashtra as prices
rise further on increased buying by vanaspati millers for the seasonal demand, amid a firm trend
in overseas oil prices. Sentiment remained strong, as soya oil recovered sharply on NCDEX. Good
recovery in Madhya Pradesh edible oils also boosted sentiment, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect upward trend in soyabean and cottonseed oil here.  
    
   SOYMEAL
  * Soymeal prices today reported strong here on renewed buying support from South-based 
    traders.      
                                         
   SOYABEAN
  * Soyabean prices continued to rise in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid thin supply 
    from producing belts. Sharp recovery in soyabean oil, healthy in soymeal in last two 
    session, upward trend in Madhya Pradesh soyabean prices and enquiries from South-
    based plants also boosted prices.
    About 400 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    33,500-37,900       33,000-37,600         --
    (Available price)
    Market delivery    33,600-38,000       33,100-37,700          --
    (Traders price)
    Plant delivery     38,200-38,500       38,200-38,500          --

    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 – 38,300, Washim – 38,400, Khamgaon – 38,200, Dhulia – 38,600, 
    Hingoli – 40,000, Jalna – 38,000, Nandurbar – 37,000, 
    Latur – 40,400, Nanded – 40,200, Solapur – 40,200, Sangli – 40,500.
        
    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         770            765
    Soyoil solvent crushing plant delivery         730            724    
    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                                 771            766
    Soyoil Solvent                                 731            726
    Cottonseed refined                             808            803
    Cottonseed solvent                             768            764

    AKOLA
    Soyoil refined                                 771            766
    Soyoil Solvent                                 731            726        
    Cottonseed refined oil                         808          803 
    Cottonseed solvent                             768            765

    DHULIA
    Soyoil refined                                 769            765
  
    KHAMGAON
    Soyoil refined 
                                                773            769
    JALNA
    Soyoil refined 
                                                   773            769
    NANDED
    Soyoil refined                                 760            755
   
    Soyoil refined prices at other places in Maharashtra : Latur - 768, 
    Khamgaon – 770, Washim – 762, Solapur – 770, Sangli – 771.

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

WEATHER (NAGPUR)  
Maximum temp. 29.1 degree Celsius, minimum temp. 24.7 degree Celsius 
Rainfall : 5.8 mm
FORECAST: Generally cloudy sky with a few 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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