August 1, 2019 / 8:36 AM / 19 days ago

Nagpur Soybean, Soyoil, Soymeal Open- August 1, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 1, 2019

Nagpur, Aug 1 (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, sharp fall
on NCDEX 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 sluggish trading activity.  
  * Traders expect easy condition in soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices today suffered heavily here on poor demand from South-based traders. 
    Fresh fall in international soymeal prices also affected sentiment.        
                                         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Sharp fall in soymeal, 
    weak trend in soyabean oil, easy condition on NCDEX and downward trend in Madhya 
    Pradesh soyabean prices said to be the reasons for decline in soyabean 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    33,000-35,500       33,000-35,600         --
    (Available price)
    Market delivery    33,100-35,600       33,100-35,700          --
    (Traders price)
    Plant delivery     36,800-37,000       36,800-37,000          --

    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 – 36,600, Dhulia – 37,200, 
    Hingoli – 37,600, Jalna – 36,600, Nandurbar – 37,000, 
    Latur – 37,600, Nanded – 37,800, Solapur – 37,800, Sangli – 38,000.
        
    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         747            751
    Soyoil solvent crushing plant delivery         707            711    
    Cottonseed refined                             783            785
    Cottonseed solvent                             743            745
    Groundnut oil – loose (10 kg)                  1,220          1,220
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            865            865
    Rapeseed oil (for 15 kg)                       1,260          1,260
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 748            751
    Soyoil Solvent                                 708            711
    Cottonseed refined                             793            793
    Cottonseed solvent                             753            753

    AKOLA
    Soyoil refined                                 748            752
    Soyoil Solvent                                 708            712        
    Cottonseed refined oil                         795          795 
    Cottonseed solvent                             755            755

    DHULIA
    Soyoil refined                                 747            748
  
    KHAMGAON
    Soyoil refined 
                                                751            754
    JALNA
    Soyoil refined 
                                                   742            745
    NANDED
    Soyoil refined                                 738            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 738, 
    Khamgaon – 750, Washim – 739, Solapur – 737, Sangli – 745.

    (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)                  30,000-30,500    33,500-31,000
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 30,900, Dhulia – 31,700, Hingoli – 32,500, Jalna – 32,000,
    Nandurbar – 31,500, Khamgaon – 31,000, Latur – 32,800, Nanded – 32,500,
    Solapur – 32,800, Dharwad – 32,600, 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. 25.0 degree Celsius, minimum temp. 22.7 degree Celsius 
Rainfall : 11.1 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 28 degree Celsius and 23 degree Celsius respectively.

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