January 24, 2019 / 9:09 AM / in 7 months

Nagpur Soybean, Soyoil, Soymeal Open- JAN 24, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 24, 2018

Nagpur, Jan 24 (Reuters) – Soyabean oil today declined in Vidarbha region of Western Maharashtra
on stockists selling looking towards month ending, driven by higher imports. . Fall in demand
from millers and retailers also put pressure on soyabean oil. Besides, sufficient stocks and
easy condition in Madhya Pradesh soyabean oil also affected sentiment in thin trading activity,
sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect further fall in Soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices today reported strong here on good demand from South-based traders.     
     
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak thin 
    from producing belts. Fresh hike in soymeal, notable rise in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also boosted prices. 
    About 1,300 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    34,000-37,250       33,500-37,250         --
    (Available price)
    Market delivery    33,600-37,350       33,600-37,350          --
    (Traders price)
    Plant delivery     37,500-38,000       37,000-37,500          --

    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 – 38,500, 
    Hingoli – 39,400, Jalna – 38,400, Nandurbar – 38,800, 
    Latur – 39,400, Nanded – 39,400, Solapur – 39,900, Sangli – 40,500.
        
    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.             1,800-2,120
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         773            777
    Soyoil solvent crushing plant delivery         733            737    
    Cottonseed refined                             735            735
    Cottonseed solvent                             695            695
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  910            910
    Linseed oil (10 kg)                            900            900
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,760          1,760
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 776            778
    Soyoil Solvent                                 736            738
    Cottonseed refined                             735            735
    Cottonseed solvent                             695            695

    AKOLA
    Soyoil refined                                 777            779
    Soyoil Solvent                                 736            739        
    Cottonseed refined oil                         735          735 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 775            777
  
    KHAMGAON
    Soyoil refined 
                                                772            774
    JALNA
    Soyoil refined 
                                                   775            779
    NANDED
    Soyoil refined                                 766            768
   
    Soyoil refined prices at other places in Maharashtra : Latur - 760, 
    Khamgaon – 773, Washim – 775, Solapur – 762, Sangli – 774.

    (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    30,500-31,000
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 30,900, Dhulia – 33,800, Hingoli – 33,700, Jalna – 32,700,
    Nandurbar – 33,600, Khamgaon – 31,200, Latur – 33,900, Nanded – 33,200,
    Solapur – 32,700, Dharwad – 32,700, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 31.3 degree Celsius, minimum temp. 13.6 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 31 degree
Celsius and 13 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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