December 2, 2019 / 9:35 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- December 02, 2019

Nagpur Soybean, Soyoil, Soymeal Open-December 2, 2018

Nagpur, Dec 2 (Reuters) – The prices of linseed oil in non-edible section today tumble in the
Vidarbha region of Western Maharashtra largely in tandem with weakening prices in producing
belts. Trading sentiment turned bearish after release of stock from stockists. Trading activity
in other edible oils reported weak as no trader was in mood for any commitment because of
downward trend in Malaysian palm oil and American soya digam prices, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined,    
    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. Downward trend in 
   international soymeal prices also affected sentiment.
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on increased demand from local crushing plants amid weak supply
  from producing belts. Fresh hike on NCDEX, good rise in Madhya Pradesh 
  soyabean prices and repeated enquiries from South-based plants also boosted prices 
  here. 
    About 2,000 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    32,000-38,600       32,000-38,000         --
    (Available price)
    Market delivery    32,100-38,700       32,100-38,100          --
    (Traders price)
    Plant delivery     40,000-40,700       39,500-40,200          --

    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 – 40,000, Washim – 39,800, Khamgaon – 39,900, Dhulia – 40,500, 
    Hingoli – 40,400, Jalna – 40,300, Nandurbar – 39,800, 
    Latur – 39,800, Nanded – 39,800, Solapur – 40,400, Sangli – 40,000.
        
    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.             2,100-2,300
    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         810            810
    Soyoil solvent crushing plant delivery         770            770    
    Cottonseed refined                             785            785
    Cottonseed solvent                             745            745
    Groundnut oil – loose (10 kg)                  1,260          1,260
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  970            970
    Linseed oil (10 kg)                            900            890
    Rapeseed oil (for 15 kg)                       1,440          1,440
    Castor oil (for 15 kg)                         1,580          1,580
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 813            813
    Soyoil Solvent                                 773            773
    Cottonseed refined                             790            790
    Cottonseed solvent                             750            750

    AKOLA
    Soyoil refined                                 812            812
    Soyoil Solvent                                 772            772        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             750            750

    DHULIA
    Soyoil refined                                 810            810
  
    KHAMGAON
    Soyoil refined 
                                                812            812
    JALNA
    Soyoil refined 
                                                   808            808
    NANDED
    Soyoil refined                                 805            805
   
    Soyoil refined prices at other places in Maharashtra : Latur - 812, 
    Washim – 807, Solapur – 806, Sangli – 810.

    (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)                  33,000-33,500    33,000-33,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,400, 
    Washim – 33,000, Dhulia – 34,200, Hingoli – 33,500, Jalna – 34,300,
    Nandurbar – 34,500, Khamgaon – 31,800, Latur – 34,200, Nanded – 33,800,
    Solapur – 33,700, Dharwad – 34,000, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 31.1 degree Celsius, minimum temp. 16.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 30 degree
Celsius and 15 degree Celsius respectively.

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

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