Nagpur Soybean, Soyoil, Soymeal Open- FEB 11, 2019

Nagpur Soybean, Soyoil, Soymeal Open-February 11, 2019 Nagpur, Feb 11 (Reuters) – In a range-bound trading, oil market in Vidarbha in Western part of Maharashtra remained steady today as prices moved in narrow range and settled around previous levels. Scattered enquiries against adequate stocks position mainly kept oil prices intact. No trader was in mood for any commitment because of weak international oil prices, adopting wait and watch move, according to sources.

***** VIDARBHA MARKETS OILS

* Soyabean, Cottonseed, Groundnut oil, Groundnut refined, Sunflower refined, Linseed,

Rapeseed, Castor and Coconut KP oil ruled steady here in thin trading activity.

* Traders expect nearly steady trend in major edible and non-edible oils.

SOYMEAL

* Soymeal prices quoted static here on poor demand from local traders. Easy condition

in international soymeal prices also affected sentiment.

SOYABEAN

* Soyabean prices firmed up in Nagpur Agriculture Produce Marketing

Committee (APMC) on good buying support from local crushing plants amid thin

supply from producing regions. Good rise on NCDEX, good hike in Madhya Pradesh

soyabean prices enquiries from South-based plants also helped to push up prices.

About 400 new 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

34,000-36,800

33,400-36,800

(Available price)

Market delivery

34,100-36,900

33,500-36,900

(Traders price)

Plant delivery

38,000-38,500

38,000-38,500

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 – 37,500, Washim – 37,600, Khamgaon – 37,900, Dhulia – 39,000,

Hingoli – 38,600, Jalna – 38,800, Nandurbar – 38,800,

Latur – 38,600, Nanded – 38,600, Solapur – 38,900, Sangli – 39,100.

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.

1,900-2,125

Cotton

n.a.

n.a.

4,300-4,600

NAGPUR

Today’s open Previous close

Soyoil refined crushing plant delivery

781

781

Soyoil solvent crushing plant delivery

741

741

Cottonseed refined

745

745

Cottonseed solvent

705

705

Groundnut oil – loose (10 kg)

1,090

1,090

Groundnut oil refined (15 Litre)

1,650

1,650

Sunflower oil refined (10 kg)

920

920

Linseed oil (10 kg)

900

900

Rapeseed oil (for 15 kg)

1,360

1,360

Castor oil (for 15 kg)

1,710

1,710

Coconut KP oil (for 15 kg)

3,200

3,200

AMRAVATI

Soyoil refined

780

780

Soyoil Solvent

741

741

Cottonseed refined

745

745

Cottonseed solvent

705

705

AKOLA

Soyoil refined

781

781

Soyoil Solvent

741

741

Cottonseed refined oil

745

745

Cottonseed solvent

705

705

DHULIA

Soyoil refined

780

780

KHAMGAON

Soyoil refined

783

783

JALNA

Soyoil refined

785

785

NANDED

Soyoil refined

775

775

Soyoil refined prices at other places in Maharashtra : Latur – 770,

Khamgaon – 784, Washim – 785, Solapur – 770, Sangli – 784.

(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)

32,500-32,800

32,500-32,800

Soymeal prices at other places in Maharashtra : Akola – 32,200,

Washim – 32,200, Dhulia – 33,000, Hingoli – 33,400, Jalna – 33,500,

Nandurbar – 33,300, Khamgaon – 31,700, Latur – 32,700, Nanded – 32,300,

Solapur – 33,500, Dharwad – 33,900, Sangli – 33,000 WEATHER (NAGPUR) Maximum temp. 27.3 degree Celsius, minimum temp. 7.6 degree Celsius Rainfall : Nil FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 28 degree Celsius and 9 degree Celsius. Note: n.a.–not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.

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