February 14, 2020 / 9:54 AM / 12 days ago

Nagpur Soybean, Soyoil, Soymeal Open- February 14, 2020

Nagpur Soybean, Soyoil, Soymeal Open-February 14, 2020

Nagpur, Feb 14 (Reuters) – The prices of sunflower, rapeseed, castor and coconut KP oil 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 American soya digam prices. Continuous fall on NCDEX in soyabean oil also
affected sentiment, sources said Friday.
 

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined and linseed 
    oil ruled steady here in weak trading activity.  
  * Traders expect further fall in non-edible oils here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor. 
                                         
   SOYABEAN
  * Soyabean prices recovered strongly in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions here on increased buying support from local crushing plants. 
  Notable rise on NCDEX, good rise in Madhya Pradesh soyabean prices and reported 
  demand from South-based plants also jacked up prices.
    About 500 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    36,000-39,750       35,200-39,500         --
    (Available price)
    Market delivery    36,100-39,850       35,300-39,600          --
    (Traders price)
    Plant delivery     41,200-41,500       41,200-41,500          --

    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 – 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                10            6,200-6,500           5,900-6,100 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,700-2,000
    Dhan                  n.a.            n.a.             1,800-2,040
    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)                  900            920
    Linseed oil (10 kg)                            950            950
    Rapeseed oil (for 15 kg)                       1,460          1,480
    Castor oil (for 15 kg)                         1,420          1,440
    Coconut KP oil (for 15 kg)                     2,750          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                                 856            856
  
    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 – 33,500, Nanded – 33,800,
    Solapur – 34,000, Dharwad – 33,800, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 33.4 degree Celsius, minimum temp. 12.9 degree Celsius 
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 34 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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