February 12, 2019 / 9:23 AM / 8 days ago

Nagpur Soybean, Soyoil, Soymeal Open- FEB 12, 2019

Nagpur Soybean, Soyoil, Soymeal Open-February 12, 2019

Nagpur, Feb 12 (Reuters) – Soyabean oil 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 soyabean oil. Besides, sufficient stocks, sharp fall
on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected sentiment in thin
trading activity, sources said Tuesday. 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut oil, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect weak trend in soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices reported weak here on poor demand from South-based traders. Fresh fall
    in international soymeal prices also affected sentiment.     
     
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants amid poor 
    quality arrival from producing regions. Fresh fall in soyabean oil, no takers to
    soymeal and downward trend on NCDEX also affected sentiment. 
    About 800 new 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    33,500-36,700       33,800-36,800         --
    (Available price)
    Market delivery    33,600-36,800       33,900-36,900          --
    (Traders price)
    Plant delivery     38,000-38,500       38,000-38,500          --

    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 – 37,500, Washim – 37,500, Khamgaon – 37,700, Dhulia – 383,000, 
    Hingoli – 38,000, Jalna – 38,100, Nandurbar – 38,000, 
    Latur – 38,000, Nanded – 38,000, Solapur – 38,300, Sangli – 39,100.
        
    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.             1,900-2,125
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         779            781
    Soyoil solvent crushing plant delivery         739            741    
    Cottonseed refined                             745            745
    Cottonseed solvent                             705            705
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  920            920
    Linseed oil (10 kg)                            900            900
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,710          1,710
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 778            780
    Soyoil Solvent                                 739            741
    Cottonseed refined                             745            745
    Cottonseed solvent                             705            705

    AKOLA
    Soyoil refined                                 780            782
    Soyoil Solvent                                 740            742        
    Cottonseed refined oil                         745          745 
    Cottonseed solvent                             705            705

    DHULIA
    Soyoil refined                                 776            780
  
    KHAMGAON
    Soyoil refined 
                                                781            783
    JALNA
    Soyoil refined 
                                                   783            785
    NANDED
    Soyoil refined                                 773            776
   
    Soyoil refined prices at other places in Maharashtra : Latur - 769, 
    Khamgaon – 780, Washim – 782, Solapur – 770, Sangli – 782.

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

WEATHER (NAGPUR)  
Maximum temp. 31.4 degree Celsius, minimum temp. 11.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 31 degree
Celsius and 11 degree Celsius.

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

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