August 6, 2019 / 6:53 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- August 6, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 6, 2019

Nagpur, Aug 6 (Reuters) – Steady condition today developed in major edible oils in Vidarbha
region of Western Maharashtra following restricted arrival against sporadic demand. Sufficient
ready stocks position compared to current demand largely held prices around overnight levels.
Fresh fall in international edible oil prices also affected sentiment, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, 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 declined here on lack of demand from South-based traders.        
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak arrival
    from producing regions. Fresh hike on NCDEX, good recovery in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also helped to push up prices. 
    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    33,000-35,400       32,000-35,400         --
    (Available price)
    Market delivery    33,100-35,500       32,100-35,500          --
    (Traders price)
    Plant delivery     36,900-37,100       36,900-37,100          --

    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 – 37,400, Washim – 37,600, Khamgaon – 36,600, Dhulia – 36,900, 
    Hingoli – 37,800, Jalna – 36,600, Nandurbar – 37,000, 
    Latur – 37,600, Nanded – 37,600, 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         745            745
    Soyoil solvent crushing plant delivery         705            705    
    Cottonseed refined                             781            781
    Cottonseed solvent                             741            741
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  910            910
    Linseed oil (10 kg)                            865            865
    Rapeseed oil (for 15 kg)                       1,270          1,260
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 746            746
    Soyoil Solvent                                 706            706
    Cottonseed refined                             793            793
    Cottonseed solvent                             753            753

    AKOLA
    Soyoil refined                                 746            746
    Soyoil Solvent                                 706            706        
    Cottonseed refined oil                         795          795 
    Cottonseed solvent                             755            755

    DHULIA
    Soyoil refined                                 744            744
  
    KHAMGAON
    Soyoil refined 
                                                751            751
    JALNA
    Soyoil refined 
                                                   742            742
    NANDED
    Soyoil refined                                 735            735
   
    Soyoil refined prices at other places in Maharashtra : Latur - 735, 
    Khamgaon – 750, Washim – 739, Solapur – 735, 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)                  30,500-31,000    30,700-31,200
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 31,300, Dhulia – 31,500, Hingoli – 32,300, Jalna – 32,000,
    Nandurbar – 31,500, Khamgaon – 30,700, Latur – 32,200, Nanded – 32,000,
    Solapur – 32,800, Dharwad – 32,600, Sangli – 31,800

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

WEATHER (NAGPUR)  
Maximum temp. 29.0 degree Celsius, minimum temp. 24.3 degree Celsius 
Rainfall : 0.5 mm
FORECAST: Generally cloudy sky with moderate rains. Maximum and minimum temperature likely to be
around 30 degree Celsius and 24 degree Celsius respectively.

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