August 14, 2019 / 8:26 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- August 14, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 14, 2018

Nagpur, Aug 14 (Reuters) – Steady conditions today persisted in major edible oils in Vidarbha
region of Western Maharashtra as oil prices hovered around previous day’s level on small bouts
of trading. Absence of buying interest and easy condition on Madhya Pradesh oil market mainly
kept prices unchanged. A majority of traders adopted wait and watch move because of fresh fall
in international edible oils, sources said Wednesday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, groundnut loose, groundnut refined, linseed, rapeseed, castor 
    and coconut KP oil ruled steady here in limited trading activity.  
  * Traders expect nearly steady trend in major edible oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.        
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid tight supply 
    from producing regions. Notable hike on NCDEX, fresh hike in Madhya Pradesh soyabean
    prices and repeated enquireis from South-based plants also boosted prices. 
    About 700 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    33,500-36,300       33,000-36,100         --
    (Available price)
    Market delivery    33,600-36,400       33,100-36,200          --
    (Traders price)
    Plant delivery     37,500-37,900       37,300-37,800          --

    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 – 37,800, Washim – 38,000, Khamgaon – 37,700, Dhulia – 37,400, 
    Hingoli – 39,000, Jalna – 37,600, Nandurbar – 37,000, 
    Latur – 38,800, Nanded – 39,000, Solapur – 39,000, 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         756            756
    Soyoil solvent crushing plant delivery         716            716    
    Cottonseed refined                             785            785
    Cottonseed solvent                             745            745
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  930            930
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 757            757
    Soyoil Solvent                                 717            713
    Cottonseed refined                             795            795
    Cottonseed solvent                             755            755

    AKOLA
    Soyoil refined                                 758            758
    Soyoil Solvent                                 718            718        
    Cottonseed refined oil                         795          795 
    Cottonseed solvent                             755            755

    DHULIA
    Soyoil refined                                 760            760
  
    KHAMGAON
    Soyoil refined 
                                                758            758
    JALNA
    Soyoil refined 
                                                   754            754
    NANDED
    Soyoil refined                                 756            756
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Khamgaon – 757, Washim – 752, Solapur – 748, Sangli – 755.

    (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)                  31,000-31,700    31,000-31,700
      
    Soymeal prices at other places in Maharashtra : Akola – 31,600, 
    Washim – 31,800, Dhulia – 32,300, Hingoli – 33,000, Jalna – 32,000,
    Nandurbar – 32,200, Khamgaon – 31,300, Latur – 32,400, Nanded – 33,000,
    Solapur – 32,800, Dharwad – 33,800, 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. 29.9 degree Celsius, minimum temp. 23.5 degree Celsius 
Rainfall : 10.4 mm
FORECAST: Generally cloudy sky with moderate rains. Maximum and minimum temperature likely to be
around 28 degree Celsius and 23 degree Celsius respectively.

No Nagpur report tomorrow: Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil
market in Vidarbha will closed tomorrow, Thursday, on the occasion of Independence Day. 

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