Nagpur Soybean, Soyoil, Soymeal Open- FEB 25, 2019

Nagpur Soybean, Soyoil, Soymeal Open-February 25, 2019 Nagpur, Feb 25 (Reuters) – Rapeseed and Castor oil prices in non-edible section today strengthened in Vidarbha region of Western Maharashtra on increased offtake by oil paint industries amid a firming trend in producing regions. Buying activity in these oil picked up because of poor crop position reports in this season. Trading activity other major edible oils reported weak as no trader was in mood for any commitment because of weak Malaysian palm oil and fresh fall on NCDEX in soyabean oil, sources said Monday.

***** VIDARBHA MARKETS OILS

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

and Coconut KP oil ruled steady here in sluggish trading activity.

* Traders expect further rise in Rapeseed and Castor oil prices here.

SOYMEAL

* Soymeal prices suffered heavily here on lack of demand from South-based traders.

Downward trend in international soymeal prices also affected sentiment.

SOYABEAN

* Soyabean prices declined in Nagpur Agriculture Produce Marketing

Committee (APMC) on poor demand from local crushing plants. Sharp fall in soymeal, no

takers to soybean oil, weak trend on NCDEX and downward trend in Madhya Pradesh

soyabean prices pulled down prices in limited deals.

About 600 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

33,000-36,700

(Available price)

Market delivery

32,600-36,700

33,100-36,800

(Traders price)

Plant delivery

37,700-38,000

37,700-38,000

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 – 38,600, Jalna – 37,900, Nandurbar – 38,000,

Latur – 38,600, Nanded – 38,600, Solapur – 38,600, 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.

1,900-2,150

Cotton

n.a.

n.a.

4,300-4,600

NAGPUR

Today’s open Previous close

Soyoil refined crushing plant delivery

775

775

Soyoil solvent crushing plant delivery

735

735

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)

1,370

1,360

Castor oil (for 15 kg)

1,770

1,760

Coconut KP oil (for 15 kg)

3,200

3,200

AMRAVATI

Soyoil refined

776

776

Soyoil Solvent

736

736

Cottonseed refined

745

745

Cottonseed solvent

705

705

AKOLA

Soyoil refined

777

777

Soyoil Solvent

739

739

Cottonseed refined oil

745

745

Cottonseed solvent

705

705

DHULIA

Soyoil refined

779

779

KHAMGAON

Soyoil refined

784

784

JALNA

Soyoil refined

783

783

NANDED

Soyoil refined

768

768

Soyoil refined prices at other places in Maharashtra : Latur – 771,

Khamgaon – 782, Washim – 785, Solapur – 773, Sangli – 783.

(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)

31,000-31,500

31,400-31,800

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

Washim – 31,200, Dhulia – 32,000, Hingoli – 32,400, Jalna – 32,000,

Nandurbar – 32,000, Khamgaon – 31,000, Latur – 31,800, Nanded – 31,900,

Solapur – 31,700, Dharwad – 32,200, Sangli – 31,700 WEATHER (NAGPUR) Maximum temp. 37.6 degree Celsius, minimum temp. 16.9 degree Celsius Rainfall : Nil FORECAST: Partly cloudy sky. Thundery development towards evening or night. Maximum and minimum temperature likely to be around 38 degree Celsius and 17 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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