July 29, 2019 / 7:59 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JULY 29, 2019

Nagpur Soybean, Soyoil, Soymeal Open-July 29, 2018

Nagpur, July 29 (Reuters) – Sunflower oil in edible section and linseed oil in non-edible
section, declined in Vidarbha region of Western Maharashtra today on persistent selling by
stockists amid good supply from producing regions and weak trends in Madhya Pradesh oils.
Sentiment turned bearish because of release of stock from stockists. Trading activity in other
edible reported weak as no trader was in mood for any commitment because of downward trend in
Malaysian palm oil prices, according to sources.
    

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, rapeseed, 
    castor and rapeseed oil ruled steady here in weak trading activity.  
  * Traders expect nearly steady trend in major edible oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady on subdued demand from South-based traders.        
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants amid high moisture 
    content arrival. No takers to soyabean oil & soymeal, weak trend in Madhya Pradesh 
    soyabean prices and release of stock from stockists also pushed down prices here. 
    About 100 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    33,000-35,300       33,500-35,700         --
    (Available price)
    Market delivery    33,100-35,400       33,600-35,800          --
    (Traders price)
    Plant delivery     37,000-37,300       37,000-37,300          --

    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 – 37,600, Washim – 37,600, Khamgaon – 36,900, Dhulia – 37,200, 
    Hingoli – 38,100, Jalna – 36,900, Nandurbar – 37,000, 
    Latur – 38,100, Nanded – 38,100, Solapur – 38,100, Sangli – 37,800.
        
    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         748            748
    Soyoil solvent crushing plant delivery         708            708    
    Cottonseed refined                             780            780
    Cottonseed solvent                             740            780
    Groundnut oil – loose (10 kg)                  1,220          1,220
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined (10 kg)                  880            890
    Linseed oil (10 kg)                            850            860
    Rapeseed oil (for 15 kg)                       1,240          1,240
    Castor oil (for 15 kg)                         1,840          1,840
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 749            749
    Soyoil Solvent                                 709            709
    Cottonseed refined                             790            790
    Cottonseed solvent                             750            750

    AKOLA
    Soyoil refined                                 748            748
    Soyoil Solvent                                 708            708        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             750            750

    DHULIA
    Soyoil refined                                 749            749
  
    KHAMGAON
    Soyoil refined 
                                                755            755
    JALNA
    Soyoil refined 
                                                   748            748
    NANDED
    Soyoil refined                                 740            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 741, 
    Khamgaon – 753, Washim – 740, Solapur – 741, Sangli – 750.

    (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    31,000-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 31,000, Dhulia – 31,700, Hingoli – 32,600, Jalna – 32,300,
    Nandurbar – 31,500, Khamgaon – 31,000, Latur – 32,800, Nanded – 32,300,
    Solapur – 32,800, Dharwad – 32,800, Sangli – 32,000

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

WEATHER (NAGPUR)  
Maximum temp. 26.5 degree Celsius, minimum temp. 23.4 degree Celsius 
Rainfall : 17.9 mm
FORECAST: Generally cloudy sky with few spells of rains or thunder-showers. Maximum and minimum
temperature likely to be around 29 degree Celsius and 23 degree Celsius respectively.

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