February 13, 2020 / 10:08 AM / 13 days ago

Nagpur Soybean, Soyoil, Soymeal Open- February 13, 2020

Nagpur Soybean, Soyoil, Soymeal Open-February 13, 2020

Nagpur, Feb 13 (Reuters) – Quiet conditions today developed in the major oil in the Vidarbha
region of Western Maharastra following ample supply against scattered deals. Buying activity
declined at existing historic high levels as no trader was in mood for any commitment. Fresh
fall in Malaysian palm oil and downward trend on NCDEX also affected sentiment, sources said
Thursday. 

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, sunflower refined, groundnut loose, groundnut refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in thin 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 firmed up again in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions here on good seasonal demand from local crushing plants. 
  Healthy rise on NCDEX and reported demand from South-based plants also boosted prices.
    About 400 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    35,500-39,500       35,200-39,300         --
    (Available price)
    Market delivery    35,600-39,600       35,300-39,400          --
    (Traders price)
    Plant delivery     41,500-41,800       41,300-41,600          --

    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 – 41,500, Amravati – 41,500 Washim – 41,800, Khamgaon – 41,500, 
    Dhulia – 41,100, Hingoli – 41,500, Jalna – 41,700, Nandurbar – 41,100, 
    Latur – 41,500, Nanded – 41,500, Solapur – 41,500, Sangli – 41,500.
        
    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.           4,800-5,000
    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.           5,900-6,100 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,700-2,000
    Dhan                  350            1,800-2,040       1,800-2,080
    Cotton            n.a.              n.a.             4,300-4,600
  
                                                                        
        EDIBLE AND NON-EDIBLE OILS (NAGPUR)
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         845            845
    Soyoil solvent crushing plant delivery         805            805    
    Cottonseed refined                             835            835
    Cottonseed solvent                             795            795
    Groundnut oil – loose (10 kg)                  1,360          1,360
    Groundnut oil refined (15 Litre)               1,950          1,950
    Sunflower oil refined (10 kg)                  920            920
    Linseed oil (10 kg)                            950            950
    Rapeseed oil (for 15 kg)                       1,480          1,480
    Castor oil (for 15 kg)                         1,440          1,440
    Coconut KP oil (for 15 kg)                     2,800          2,800

    AMRAVATI
    Soyoil refined                                 865            865
    Soyoil Solvent                                 825            825
    Cottonseed refined                             838            838
    Cottonseed solvent                             798            798

    AKOLA
    Soyoil refined                                 865            865
    Soyoil Solvent                                 825            825        
    Cottonseed refined oil                         835          835 
    Cottonseed solvent                             795            795

    DHULIA
    Soyoil refined                                 858            858
  
    KHAMGAON
    Soyoil refined 
                                                856            856
    JALNA
    Soyoil refined 
                                                   855            855
    NANDED
    Soyoil refined                                 832            832
   
    Soyoil refined prices at other places in Maharashtra : Washim – 851, 
    Latur - 836, Solapur – 836, Sangli – 839.

    (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)                  33,500-34,000    33,500-34,000
      
    Soymeal prices at other places in Maharashtra : Akola – 33,800, 
    Washim – 34,000, Dhulia – 34,200, Hingoli – 34,800, Jalna – 34,800,
    Nandurbar – 34,200, Khamgaon – 32,500, Latur – 33,600, Nanded – 33,800,
    Solapur – 34,000, Dharwad – 33,800, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 30.5 degree Celsius, minimum temp. 12.4 degree Celsius 
Rainfall : nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 31 degree
Celsius and 14 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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