August 8, 2019 / 8:22 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- August 8, 2019

Nagpur Soybean, Soyoil, Soymeal Open-August 8, 2018

Nagpur, Aug 8 (Reuters) – Soyabean and cottonseed oil today declined in Vidarbha region of
Western Maharashtra on stockists selling looking towards festival season, driven by higher
imports amid weak global cues. Fall in demand from millers and retailers also put pressure on
soyabean oil. Besides, sufficient stocks, fresh fall on NCDEX and easy condition in Madhya
Pradesh soyabean oil also affected sentiment in thin trading activity, sources said Thursday.

                       *****
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 nearly steady trend in major edible and non-edible oils here. 
    
   SOYMEAL
  * Soymeal prices today firmed up here on renewed demand from South-based traders amid 
    weak supply from producing belts.        
                                         
   SOYABEAN
  * Soyabean prices showed firm tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid thin arrival
    from producing regions because of heavy rains. Fresh rise on NCDEX, good recovery in 
    Madhya Pradesh soyabean prices and reported demand from South-based plants also 
    boosted prices. 
    About 200 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    33,000-35,700       32,900-35,400         --
    (Available price)
    Market delivery    33,100-35,800       33,000-35,500          --
    (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 – 37,600, Jalna – 36,600, Nandurbar – 37,000, 
    Latur – 37,800, Nanded – 38,000, Solapur – 38,000, 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         745            748
    Soyoil solvent crushing plant delivery         705            708    
    Cottonseed refined                             782            785
    Cottonseed solvent                             742            745
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  920            920
    Linseed oil (10 kg)                            865            865
    Rapeseed oil (for 15 kg)                       1,280          1,280
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 747            751
    Soyoil Solvent                                 707            711
    Cottonseed refined                             795            798
    Cottonseed solvent                             755            758

    AKOLA
    Soyoil refined                                 746            749
    Soyoil Solvent                                 706            709        
    Cottonseed refined oil                         795          798 
    Cottonseed solvent                             755            758

    DHULIA
    Soyoil refined                                 748            748
  
    KHAMGAON
    Soyoil refined 
                                                750            753
    JALNA
    Soyoil refined 
                                                   743            746
    NANDED
    Soyoil refined                                 740            743
   
    Soyoil refined prices at other places in Maharashtra : Latur - 739, 
    Khamgaon – 750, Washim – 741, Solapur – 739, Sangli – 746.

    (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)                  30,800-31,500    30,500-31,200
      
    Soymeal prices at other places in Maharashtra : Akola – 31,000, 
    Washim – 31,500, Dhulia – 31,500, Hingoli – 32,700, Jalna – 31,800,
    Nandurbar – 31,800, Khamgaon – 30,700, Latur – 32,200, Nanded – 32,200,
    Solapur – 32,800, Dharwad – 33,000, 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. 28.0 degree Celsius, minimum temp. 24.0 degree Celsius 
Rainfall : 2.6 mm
FORECAST: Generally cloudy sky with heavy rains. Maximum and minimum temperature likely to be
around 26 degree Celsius and 24 degree Celsius respectively.


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