February 5, 2020 / 10:47 AM / 21 days ago

Nagpur Soybean, Soyoil, Soymeal Open- February 6, 2020

Nagpur Soybean, Soyoil, Soymeal Open-February 6, 2020

Nagpur, Feb 6 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Easy condition in Madhya Pradesh soyabean oil
prices also affected sentiment, sources said Tuesday. 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, linseed, 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. Weak trend in 
   international soymeal prices also affected sentiment.
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions here on lack of demand from local crushing plants
  amid high moisture content arrival. Fresh fall in soyabean oil, no takers to soymeal 
  and downward trend on NCDEX also pushed down prices here.
    About 200 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    35,500-37,500       36,000-38,000         --
    (Available price)
    Market delivery    35,600-37,600       36,100-38,100          --
    (Traders price)
    Plant delivery     41,500-42,000       41,500-42,000          --

    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 – 41,200, Amravati – 41,300 Washim – 41,600, Khamgaon – 41,500, 
    Dhulia – 42,250, Hingoli – 42,200, Jalna – 42,000, Nandurbar – 42,200, 
    Latur – 42,500, Nanded – 42,500, Solapur – 42,800, Sangli – 42,500.
        
    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                  n.a.            n.a.             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         865            870
    Soyoil solvent crushing plant delivery         825            830    
    Cottonseed refined                             841            841
    Cottonseed solvent                             800            800
    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          1,440
    Coconut KP oil (for 15 kg)                     2,800          2,800

    AMRAVATI
    Soyoil refined                                 880            882
    Soyoil Solvent                                 840            842
    Cottonseed refined                             838            838
    Cottonseed solvent                             798            798

    AKOLA
    Soyoil refined                                 880            882
    Soyoil Solvent                                 840            842        
    Cottonseed refined oil                         835          835 
    Cottonseed solvent                             795            795

    DHULIA
    Soyoil refined                                 871            873
  
    KHAMGAON
    Soyoil refined 
                                                875            876
    JALNA
    Soyoil refined 
                                                   870            872
    NANDED
    Soyoil refined                                 845            848
   
    Soyoil refined prices at other places in Maharashtra : Washim – 870, 
    Latur - 840, Solapur – 840, 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    34,200-34,500
      
    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. 16.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 26 degree
Celsius and 16 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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