January 17, 2019 / 9:03 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JAN 17, 2019

Nagpur Soybean, Soyoil, Soymeal Open-January 17, 2018

Nagpur, Jan 17 (Reuters) – Soyabean and Cotton oil prices today declined in Vidarbha region of
Western Maharashtra here on lack of demand from local traders amid easy condition in
international edible oils. Fresh fall in Madhya Pradesh soyabean oil prices and profit-taking
selling by stockists also pushed down prices in limited deals, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, Groundnut refined, Sunflower refined, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in sluggish trading activity. 
  * Traders expect weak trend in Soyabean oil prices 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) on good demand from local crushing plants amid weak supply from 
    producing regions. Fresh hike on NCDEX, good recovery in Madhya Pradesh soyabean 
    prices and reported demand from South-based plants also boosted prices. 
    About 900 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    31,000-35,150       31,000-34,900         --
    (Available price)
    Market delivery    31,100-35,250       31,600-35,000          --
    (Traders price)
    Plant delivery     35,700-36,200       35,700-36,200          --

    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 – 35,800, Washim – 35,600, Khamgaon – 35,900, Dhulia – 37,000, 
    Hingoli – 37,700, Jalna – 35,400, Nandurbar – 37,400, 
    Latur – 37,700, Nanded – 37,700, Solapur – 38,200, Sangli – 37,100.
        
    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.             1,800-2,120
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         762            765
    Soyoil solvent crushing plant delivery         722            725    
    Cottonseed refined                             726            728
    Cottonseed solvent                             686            689
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            890            890
    Rapeseed oil (for 15 kg)                       1,340          1,340
    Castor oil (for 15 kg)                         1,750          1,750
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 764            767
    Soyoil Solvent                                 728            730
    Cottonseed refined                             728            728
    Cottonseed solvent                             688            688

    AKOLA
    Soyoil refined                                 765            767
    Soyoil Solvent                                 725            727        
    Cottonseed refined oil                         728          729 
    Cottonseed solvent                             688            689

    DHULIA
    Soyoil refined                                 770            773
  
    KHAMGAON
    Soyoil refined 
                                                762            765
    JALNA
    Soyoil refined 
                                                   771            773
    NANDED
    Soyoil refined                                 757            760
   
    Soyoil refined prices at other places in Maharashtra : Latur - 758, 
    Khamgaon – 764, Washim – 765, Solapur – 758, Sangli – 767.

    (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)                  29,400-29,800    29,400-29,800
      
    Soymeal prices at other places in Maharashtra : Akola – 30,000, 
    Washim – 30,000, Dhulia – 31,500, Hingoli – 31,500, Jalna – 31,500,
    Nandurbar – 30,800, Khamgaon – 29,500, Latur – 31,000, Nanded – 31,000,
    Solapur – 30,500, Dharwad – 30,500, Sangli – 31,500

WEATHER (NAGPUR)  
Maximum temp. 29.0 degree Celsius, minimum temp. 8.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 29 degree
Celsius and 08 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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