April 16, 2019 / 8:06 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- April 16, 2019

Nagpur Soybean, Soyoil, Soymeal Open-April 16, 2018

Nagpur, April 16 (Reuters) – The slide in soyabean and cottonseed oil prices continued unabated
in Vidarbha region of Western Maharashtra for second day today on persistent selling by
stockists amid good supply from producing regions and weak trends in overseas markets. Sentiment
turned bearish as Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX
in soyabean oil and downward trend in Madhya Pradesh edible oil prices also affected sentiment,
according to sources.
 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect weak trend in soyabean and cottonseed oil prices here. 
    
   SOYMEAL
  * Soymeal prices today declined further here on lack of demand from South-based traders.      
  
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Easy condition in 
    soyabean oil & soymeal, easy condition on NCDEX and fresh fall in Madhya Pradesh 
    soyabean prices also affected sentiment in limited deals.
    About 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    33,500-36,000       33,800-36,400         --
    (Available price)
    Market delivery    33,600-36,100       33,900-36,500          --
    (Traders price)
    Plant delivery     38,000-38,500       38,000-38,500          --

    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 – 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         738            741
    Soyoil solvent crushing plant delivery         698            702    
    Cottonseed refined                             725            730
    Cottonseed solvent                             685            690
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,620          1,620
    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                                 740            742
    Soyoil Solvent                                 700            702
    Cottonseed refined                             725            730
    Cottonseed solvent                             685            690

    AKOLA
    Soyoil refined                                 741            743
    Soyoil Solvent                                 701            703        
    Cottonseed refined oil                         730          735 
    Cottonseed solvent                             690            695

    DHULIA
    Soyoil refined                                 753            753
  
    KHAMGAON
    Soyoil refined 
                                                745            747
    JALNA
    Soyoil refined 
                                                   745            747
    NANDED
    Soyoil refined                                 735            737
   
    Soyoil refined prices at other places in Maharashtra : Latur - 736, 
    Khamgaon – 740, Washim – 741, Solapur – 731, Sangli – 734.

    (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)                  32,600-33,000    32,700-33,100
      
    Soymeal prices at other places in Maharashtra : Akola – 32,800, 
    Washim – 33,000, Dhulia – 33,700, Hingoli – 33,600, Jalna – 33,500,
    Nandurbar – 33,600, Khamgaon – 32,000, Latur – 33,500, Nanded – 33,400,
    Solapur – 33,800, Dharwad – 33,500, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 42.0 degree Celsius, minimum temp. 22.8 degree Celsius 
Rainfall : 1.4 mm
FORECAST: Rains or thunder-showers towards with strong gusty wind. Maximum and minimum
temperature likely to be around 42 degree Celsius and 23 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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