Nagpur Soybean, Soyoil, Soymeal Open- JULY 15, 2019 By Reuters


© Reuters. Nagpur Soybean, Soyoil, Soymeal Open- JULY 15, 2019

Nagpur Soybean, Soyoil, Soymeal Open-July 15, 2019 Nagpur, July 15 (Reuters) – Soyabean and cottonseed oil prices today strengthened in Vidarbha region of Western Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing regions. Buying activity in edible oils picked up as Malaysian palm oil climbed in overseas markets. Healthy rise on NCDEX and reported demand from South-based traders also boosted prices, sources said Monday.

***** VIDARBHA MARKETS OILS

* Groundnut loose, groundnut refined, sunflower refined, linseed,

rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.

* Traders expect further rise in soyabean and cottonseed oils here.

SOYMEAL

* Soymeal prices today recovered strongly here on increased demand from South-based

traders. Good rise in international soymeal prices also boosted sentiment.

SOYABEAN

* Soyabean prices reported good hike in Nagpur Agriculture Produce Marketing

Committee (APMC) on increased demand from local crushing plants. Delay in monsoon

arrival, fresh hike in soyabean oil, healthy rise on NCDEX and good recovery in

Madhya Pradesh soyabean prices also boosted prices here.

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

33,000-35,300

32,500-35,000

(Available price)

Market delivery

33,100-35,400

32,600-35,100

(Traders price)

Plant delivery

36,600-37,000

36,300-36,700

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 – 36,900, Washim – 36,700, Khamgaon – 36,900, Dhulia – 37,000,

Hingoli – 38,300, Jalna – 37,200, Nandurbar – 37,000,

Latur – 38,300, Nanded – 38,300, Solapur – 38,500, Sangli – 38,800.

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.

1,400-1,550

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

745

740

Soyoil solvent crushing plant delivery

705

700

Cottonseed refined

767

765

Cottonseed solvent

727

725

Groundnut oil – loose (10 kg)

1,220

1,220

Groundnut oil refined (15 Litre)

1,800

1,800

Sunflower oil refined (10 kg)

890

890

Linseed oil (10 kg)

850

850

Rapeseed oil (for 15 kg)

1,240

1,240

Castor oil (for 15 kg)

1,850

1,850

Coconut KP oil (for 15 kg)

3,100

3,100

AMRAVATI

Soyoil refined

747

742

Soyoil Solvent

706

700

Cottonseed refined

772

770

Cottonseed solvent

732

730

AKOLA

Soyoil refined

746

742

Soyoil Solvent

706

700

Cottonseed refined oil

773

770

Cottonseed solvent

733

730

DHULIA

Soyoil refined

751

749

KHAMGAON

Soyoil refined

755

753

JALNA

Soyoil refined

751

748

NANDED

Soyoil refined

735

733

Soyoil refined prices at other places in Maharashtra : Latur – 728,

Khamgaon – 748, Washim – 747, Solapur – 730, Sangli – 746.

(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)

30,800-31,200

30,200-30,500

Soymeal prices at other places in Maharashtra : Akola – 31,000,

Washim – 32,000, Dhulia – 32,000, Hingoli – 32,600, Jalna – 32,600,

Nandurbar – 32,000, Khamgaon – 31,200, Latur – 32,500, Nanded – 32,500,

Solapur – 32,800, Dharwad – 33,000, Sangli – 32,800 Note: n.a.–not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices) WEATHER (NAGPUR) Maximum temp. 37.1 degree Celsius, minimum temp. 24.8 degree Celsius Rainfall : Nil FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and minimum temperature likely to be around 37 degree Celsius and 25 degree Celsius respectively.

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