January 8, 2020 / 10:59 AM / 21 days ago

CORRECTED-Nagpur Soybean, Soyoil, Soymeal Open- January 8, 2020

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Nagpur Soybean, Soyoil, Soymeal Open-January 8, 2020

Nagpur, Jan 8 (Reuters) – Soyabean and cottonseed oil today declined further in Vidarbha region
of Western Maharashtra on stockists selling, driven by higher imports amid weak global cues.
Fall in demand from millers and retailers also put pressure on soyabean oil. Besides, sufficient
stocks, sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected
sentiment in thin trading activity. Heavy rains in today morning affected trading activity,
sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
    castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect further fall in soyabean and cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor.
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on poor demand from local crushing plants. Fresh fall in 
  soyabean oil, no takers to soymeal, easy condition on NCDEX and 
  downward trend in Madhya Pradesh soyabean prices also pulled down prices.
    About 200 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    36,000-41,300       36,000-42,600         --
    (Available price)
    Market delivery    36,100-41,400       36,100-42,700          --
    (Traders price)
    Plant delivery     43,200-43,500       43,200-43,500          --

    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 – 43,000, Amravati – 43,300 Washim – 43,500, Khamgaon – 42,700, 
    Dhulia – 43,800, Hingoli – 43,600, Jalna – 42,800, Nandurbar – 43,200, 
    Latur – 44,000, Nanded – 43,800, Solapur – 43,800, Sangli – 42,500.
        
    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.           4,800-5,000
    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.           6,200-6,400 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,800-2,000
    Dhan                  n.a.            n.a.             1,850-2,155
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         912            916
    Soyoil solvent crushing plant delivery         872            875    
    Cottonseed refined                             890            900
    Cottonseed solvent                             850            860
    Groundnut oil – loose (10 kg)                  1,370          1,370
    Groundnut oil refined (15 Litre)               1,970          1,970
    Sunflower oil refined (10 kg)                  1,000          1,000
    Linseed oil (10 kg)                            1,000          1,000
    Rapeseed oil (for 15 kg)                       1,580          1,580
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 923            927
    Soyoil Solvent                                 883            887
    Cottonseed refined                             880            890
    Cottonseed solvent                             840            850

    AKOLA
    Soyoil refined                                 922            926
    Soyoil Solvent                                 882            886        
    Cottonseed refined oil                         890          890 
    Cottonseed solvent                             850            850

    DHULIA
    Soyoil refined                                 924            928
  
    KHAMGAON
    Soyoil refined 
                                                930            935
    JALNA
    Soyoil refined 
                                                   921            926
    NANDED
    Soyoil refined                                 915            919
   
    Soyoil refined prices at other places in Maharashtra : Washim – 922, 
    Latur - 912, Solapur – 914, Sangli – 918.

    (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)                  36,400-36,700    36,500-37,000
      
    Soymeal prices at other places in Maharashtra : Akola – 37,200, 
    Washim – 37,700, Dhulia – 36,800, Hingoli – 36,000, Jalna – 36,700,
    Nandurbar – 36,900, Khamgaon – 36,800, Latur – 36,300, Nanded – 36,000,
    Solapur – 36,500, Dharwad – 35,800, Sangli – 37,000

WEATHER (NAGPUR)  
Maximum temp. 27.0 degree Celsius, minimum temp. 12.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 26 degree Celsius and 14 degree Celsius respectively.

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

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