August 29, 2019 / 8:53 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- August 29, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 29, 2019

Nagpur, Aug 29 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Trading activity in other edible oils reported
weak because of fresh fall in Malaysian palm oil, 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 nearly steady trend in major edible and non-edible oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor.       
                                         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Fresh fall in soyabean 
    oil, easy condition on NCDEX and downward trend 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    34,000-36,500       34,000-36,700         --
    (Available price)
    Market delivery    34,100-36,600       34,100-36,800          --
    (Traders price)
    Plant delivery     37,800-38,200       37,800-38,200          --

    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 – 37,900, Khamgaon – 37,900, Dhulia – 37,800, 
    Hingoli – 38,700, Jalna – 37,200, Nandurbar – 37,000, 
    Latur – 38,900, Nanded – 38,900, Solapur – 38,900, Sangli – 38,600.
        
    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         770            773
    Soyoil solvent crushing plant delivery         730            735    
    Cottonseed refined                             790            790
    Cottonseed solvent                             750            750
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  940            940
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,890          1,890
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 771            774
    Soyoil Solvent                                 731            733
    Cottonseed refined                             805            805
    Cottonseed solvent                             765            765

    AKOLA
    Soyoil refined                                 771            773
    Soyoil Solvent                                 731            736        
    Cottonseed refined oil                         805          805 
    Cottonseed solvent                             765            765

    DHULIA
    Soyoil refined                                 773            775
  
    KHAMGAON
    Soyoil refined 
                                                776            778
    JALNA
    Soyoil refined 
                                                   774            776
    NANDED
    Soyoil refined                                 762            765
   
    Soyoil refined prices at other places in Maharashtra : Latur - 761, 
    Khamgaon – 773, Washim – 758, Solapur – 764, Sangli – 772.

    (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)                  32,000-32,500    32,000-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 32,700, Dhulia – 32,900, Hingoli – 33,400, Jalna – 32,900,
    Nandurbar – 32,600, Khamgaon – 31,600, Latur – 33,200, Nanded – 33,300,
    Solapur – 33,400, Dharwad – 33,800, Sangli – 32,900

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

WEATHER (NAGPUR)  
Maximum temp. 32.2 degree Celsius, minimum temp. 24.8 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with moderate rains. Maximum and minimum temperature likely to be
around 32 degree Celsius and 25 degree Celsius respectively.

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