August 19, 2019 / 9:00 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- August 19, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 19, 2019

Nagpur, Aug 19 (Reuters) – Soyabean and cottonseed oil prices 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 these oils. Besides, sufficient
stocks, weak trend on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected
sentiment in thin trading activity, sources said Monday

                       *****
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 easy condition 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) on lack of demand from local crushing plants. Weak trend in soyabean 
    oil, no takers to soymeal and easy condition in Madhya Pradesh soyabean prices also 
    affected sentiment in limited deals. 
    About 300 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    32,300-36,000       33,000-36,200         --
    (Available price)
    Market delivery    32,400-36,100       33,100-36,300          --
    (Traders price)
    Plant delivery     37,400-37,700       37,600-38,000          --

    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 – 37,700, Khamgaon – 37,600, Dhulia – 37,700, 
    Hingoli – 38,700, Jalna – 37,200, Nandurbar – 37,000, 
    Latur – 38,800, Nanded – 38,700, Solapur – 38,800, Sangli – 38,800.
        
    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         762            764
    Soyoil solvent crushing plant delivery         722            714    
    Cottonseed refined                             783            788
    Cottonseed solvent                             743            748
    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                                 763            765
    Soyoil Solvent                                 723            725
    Cottonseed refined                             795            800
    Cottonseed solvent                             755            760

    AKOLA
    Soyoil refined                                 763            766
    Soyoil Solvent                                 723            726        
    Cottonseed refined oil                         795          798 
    Cottonseed solvent                             755            758

    DHULIA
    Soyoil refined                                 774            774
  
    KHAMGAON
    Soyoil refined 
                                                768            768
    JALNA
    Soyoil refined 
                                                   764            764
    NANDED
    Soyoil refined                                 758            760
   
    Soyoil refined prices at other places in Maharashtra : Latur - 760, 
    Khamgaon – 763, Washim – 762, Solapur – 761, Sangli – 765.

    (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)                  31,500-32,000    31,500-32,000
      
    Soymeal prices at other places in Maharashtra : Akola – 31,800, 
    Washim – 32,200, Dhulia – 32,500, Hingoli – 33,500, Jalna – 32,700,
    Nandurbar – 32,200, Khamgaon – 31,500, Latur – 33,400, Nanded – 33,300,
    Solapur – 32,800, Dharwad – 33,900, 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. 34.0 degree Celsius, minimum temp. 24.7 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with few spells of rains or thunder-showers. Maximum and minimum
temperature likely to be around 33 degree Celsius and 25 degree Celsius respectively.

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