February 3, 2020 / 11:28 AM / in 21 days

Nagpur Soybean, Soyoil, Soymeal Open- February 3, 2020

Nagpur Soybean, Soyoil, Soymeal Open-February 3, 2020

Nagpur, Feb 3 (Reuters) – The prices of major edible and non-edible oils 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 easy
condition in other oil markets in the region, sources said Monday. 

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, sunflower refined, linseed, rapeseed and castor oils today 
    declined here on poor demand from local traders.
  * Groundnut loose, groundnut refined, coconut KP oil ruled steady here in thin trading 
    activity.  
  * Traders expect weak trend in soyabean oil here.   
    
   SOYMEAL
 * Soymeal prices today reported down here on poor demand from local traders.
                                         
   SOYABEAN: Nagpur APMC is officially open today but no auction reported 
             because of death of a broker.
  
                                                                        
        EDIBLE AND NON-EDIBLE OILS (NAGPUR)
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         870            875
    Soyoil solvent crushing plant delivery         830            835    
    Cottonseed refined                             836            845
    Cottonseed solvent                             800            805
    Groundnut oil – loose (10 kg)                  1,360          1,360
    Groundnut oil refined (15 Litre)               1,950          1,950
    Sunflower oil refined (10 kg)                  930            950
    Linseed oil (10 kg)                            940            950
    Rapeseed oil (for 15 kg)                       1,490          1,500
    Castor oil (for 15 kg)                         1,440          1,450
    Coconut KP oil (for 15 kg)                     2,800          2,800

    AMRAVATI
    Soyoil refined                                 880            884
    Soyoil Solvent                                 840            844
    Cottonseed refined                             830            835
    Cottonseed solvent                             790            795

    AKOLA
    Soyoil refined                                 880            885
    Soyoil Solvent                                 840            844        
    Cottonseed refined oil                         835          840 
    Cottonseed solvent                             795            800

    DHULIA
    Soyoil refined                                 871            873
  
    KHAMGAON
    Soyoil refined 
                                                875            879
    JALNA
    Soyoil refined 
                                                   870            872
    NANDED
    Soyoil refined                                 845            853
   
    Soyoil refined prices at other places in Maharashtra : Washim – 870, 
    Latur - 840, Solapur – 848, Sangli – 845.

    (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)                  34,200-34,500    34,200-34,600
      
    Soymeal prices at other places in Maharashtra : Akola – 34,300, 
    Washim – 34,300, Dhulia – 34,200, Hingoli – 35,100, Jalna – 35,000,
    Nandurbar – 34,700, Khamgaon – 33,200, Latur – 34,100, Nanded – 34,000,
    Solapur – 35,100, Dharwad – 35,500, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 26.0 degree Celsius, minimum temp. 15.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 28 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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