Nagpur Soybean, Soyoil, Soymeal Open- FEB 13, 2019

Nagpur Soybean, Soyoil, Soymeal Open-February 13, 2019 Nagpur, Feb 13 (Reuters) – Barring a marginal rise in Soyabean oil, major edible oil prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any worthwhile trading activity. Notable rise in demand from millers and retailers against inadequate stocks mainly pushed Soyabean oil prices up. Good rally on international edible oil market also boosted sentiment, sources said Wednesday.

***** VIDARBHA MARKETS OILS

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

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

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

SOYMEAL

* Soymeal prices reported down here on lack of demand from South-based traders.

SOYABEAN

* Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing

Committee (APMC) on lack of demand from local crushing plants amid high moisture

content arrival. Fresh fall in soymeal and easy condition on NCDEX and increased

arrival from producing regions also pushed down prices.

About 900 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

33,500-36,400

33,800-36,700

(Available price)

Market delivery

33,600-36,500

33,900-36,800

(Traders price)

Plant delivery

37,500-38,000

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 – 37,500, Khamgaon – 37,700, Dhulia – 383,000,

Hingoli – 38,000, Jalna – 38,100, Nandurbar – 38,000,

Latur – 38,000, Nanded – 38,000, Solapur – 38,300, 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

780

777

Soyoil solvent crushing plant delivery

740

738

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

778

Soyoil Solvent

740

739

Cottonseed refined

745

745

Cottonseed solvent

705

705

AKOLA

Soyoil refined

781

780

Soyoil Solvent

741

740

Cottonseed refined oil

745

745

Cottonseed solvent

705

705

DHULIA

Soyoil refined

776

774

KHAMGAON

Soyoil refined

782

781

JALNA

Soyoil refined

783

782

NANDED

Soyoil refined

773

773

Soyoil refined prices at other places in Maharashtra : Latur – 769,

Khamgaon – 780, Washim – 782, Solapur – 770, Sangli – 782.

(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)

31,900-32,200

32,500-32,500

Soymeal prices at other places in Maharashtra : Akola – 31,500,

Washim – 31,300, Dhulia – 32,500, Hingoli – 33,400, Jalna – 33,500,

Nandurbar – 33,300, Khamgaon – 31,200, Latur – 32,200, Nanded – 32,000,

Solapur – 33,500, Dharwad – 32,900, Sangli – 33,000 WEATHER (NAGPUR) Maximum temp. 32.5 degree Celsius, minimum temp. 12.0 degree Celsius Rainfall : Nil FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 33 degree Celsius and 12 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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