Nagpur Soybean, Soyoil, Soymeal Open- FEB 21, 2019

Nagpur Soybean, Soyoil, Soymeal Open-February 21, 2019 Nagpur, Feb 21 (Reuters) – Prices of Castor oil in non-edible section today zoomed up in Vidarbha region of Western Maharashtra on increased offtake by overseas oil paint industries amid a firming trend in producing regions. Buying activity in this oil picked up because of festival season. Trading activity other major edible oils reported weak as no trader was in mood for any commitment because of weak trend Malaysian palm oil, sources said Thursday.

***** VIDARBHA MARKETS OILS

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

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

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

SOYMEAL

* Soymeal prices today ruled steady here on but demand was poor

SOYABEAN

* Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing

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

from producing belts. No takers to soyabean oil & soymeal, downward trend in Madhya

Pradesh soyabean mandis and high moisture content arrival also affected prices in

limited deals.

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

32,500-36,600

33,000-36,900

(Available price)

Market delivery

32,600-36,700

33,100-37,000

(Traders price)

Plant delivery

37,800-38,250

37,800-38,250

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 – 37,900, Washim – 37,800, Khamgaon – 37,700, Dhulia – 38,000,

Hingoli – 38,900, Jalna – 37,900, Nandurbar – 38,000,

Latur – 38,900, Nanded – 38,900, Solapur – 39,200, Sangli – 38,750.

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.

1,900-2,151

Cotton

n.a.

n.a.

4,300-4,600

NAGPUR

Today’s open Previous close

Soyoil refined crushing plant delivery

777

777

Soyoil solvent crushing plant delivery

737

737

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)

1,730

1,710

Coconut KP oil (for 15 kg)

3,200

3,200

AMRAVATI

Soyoil refined

778

778

Soyoil Solvent

738

738

Cottonseed refined

745

745

Cottonseed solvent

705

705

AKOLA

Soyoil refined

778

778

Soyoil Solvent

738

738

Cottonseed refined oil

745

745

Cottonseed solvent

705

705

DHULIA

Soyoil refined

779

779

KHAMGAON

Soyoil refined

786

786

JALNA

Soyoil refined

785

785

NANDED

Soyoil refined

770

773

Soyoil refined prices at other places in Maharashtra : Latur – 773,

Khamgaon – 784, Washim – 786, Solapur – 775, Sangli – 785.

(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

31,900-32,200

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

Washim – 31,900, Dhulia – 32,500, Hingoli – 33,400, Jalna – 32,500,

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

Solapur – 32,200, Dharwad – 32,800, Sangli – 32,200 WEATHER (NAGPUR) Maximum temp. 35.2 degree Celsius, minimum temp. 19.4 degree Celsius Rainfall : Nil FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 35 degree Celsius and 19 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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