April 15, 2019 / 7:50 AM / 11 days ago

Nagpur Soybean, Soyoil, Soymeal Open- April 15, 2019

Nagpur Soybean, Soyoil, Soymeal Open-April 15, 2018

Nagpur, April 15 (Reuters) – Soyabean oil today declined 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,
downward trend on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected
sentiment in thin trading activity, sources said Monday. 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect easy condition in soyabean oil prices here. 
    
   SOYMEAL
  * Soymeal prices today reported down here on lack of demand South-based traders.         
                                         
   SOYABEAN
  * Soyabean prices showed upward tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Good rise on NCDEX, fresh hike in Madhya Pradesh soyabean 
    prices and repeated enquiries from South-based plants also jacked up prices.
    About 400 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    34,000-36,850       34,000-36,700         --
    (Available price)
    Market delivery    34,100-36,950       34,100-36,800          --
    (Traders price)
    Plant delivery     37,400-38,100       37,400-38,100          --

    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 – 38,100, Washim – 38,200, Khamgaon – 37,600, Dhulia – 38,000, 
    Hingoli – 39,000, Jalna – 37,200, Nandurbar – 37,700, 
    Latur – 39,000, Nanded – 39,000, Solapur – 39,200, Sangli – 38,100.
        
    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         741            744
    Soyoil solvent crushing plant delivery         701            704    
    Cottonseed refined                             730            730
    Cottonseed solvent                             690            690
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,620          1,610
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,310          1,310
    Castor oil (for 15 kg)                         1,870          1,870
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 742            744
    Soyoil Solvent                                 704            704
    Cottonseed refined                             730            730
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 743            745
    Soyoil Solvent                                 703            705        
    Cottonseed refined oil                         735          735 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 748            750
  
    KHAMGAON
    Soyoil refined 
                                                747            749
    JALNA
    Soyoil refined 
                                                   745            748
    NANDED
    Soyoil refined                                 736            738
   
    Soyoil refined prices at other places in Maharashtra : Latur - 738, 
    Khamgaon – 742, Washim – 743, Solapur – 733, Sangli – 736.

    (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)                  32,700-33,100    32,900-33,300
      
    Soymeal prices at other places in Maharashtra : Akola – 32,800, 
    Washim – 33,000, Dhulia – 33,200, Hingoli – 33,600, Jalna – 33,500,
    Nandurbar – 33,600, Khamgaon – 32,000, Latur – 33,300, Nanded – 33,600,
    Solapur – 33,800, Dharwad – 33,500, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 44.2 degree Celsius, minimum temp. 27.8 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Possibility of rains or thunder-showers towards evening or night.
Maximum and minimum temperature likely to be around 43 degree Celsius and 26 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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