January 2, 2020 / 6:13 PM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- January 2, 2020

Nagpur Soybean, Soyoil, Soymeal Open-January 2, 2020

Nagpur, Jan 2 (Reuters) – There was negligible change in the edible oil pattern of trading in
the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence
of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major
oil prices unaltered. No trader was in mood for any commitment because of fresh hike in
Malaysian palm oil. Heavy unseasonal rains since yesterday affected trading activity, according
to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower 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 recovered further here on increased demand from South-based 
   trader. Upward trend in international soymeal prices also helped to push up prices.  
                                         
   SOYABEAN
  * Soyabean prices showed upward tendency in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on good demand from local crushing plants amid weak 
  supply from producing regions because of heavy unseasonal rains. Fresh rise in 
  soymeal, good recovery on NCDEX and reported demand from South-based plants also
   jacked up prices.
    About 300 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    40,000-42,800       39,300-42,700         --
    (Available price)
    Market delivery    40,100-42,900       39,400-42,800          --
    (Traders price)
    Plant delivery     45,000-45,250       45,000-45,250          --

    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 – 45,200, Washim – 45,300, Khamgaon – 45,000, Dhulia – 45,300, 
    Hingoli – 46,200, Jalna – 44,800, Nandurbar – 45,100, 
    Latur – 45,700, Nanded – 45,700, Solapur – 46,200, Sangli – 45,000.
        
    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.           6,200-6,400 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,800-2,000
    Dhan                  n.a.            n.a.             1,850-2,115
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         945            945
    Soyoil solvent crushing plant delivery         905            905    
    Cottonseed refined                             920            920
    Cottonseed solvent                             880            880
    Groundnut oil – loose (10 kg)                  1,350          1,350
    Groundnut oil refined (15 Litre)               1,950          1,950
    Sunflower oil refined (10 kg)                  1,000          1,000
    Linseed oil (10 kg)                            1,000          1,000
    Rapeseed oil (for 15 kg)                       1,560          1,560
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 950            950
    Soyoil Solvent                                 910            910
    Cottonseed refined                             928            928
    Cottonseed solvent                             888            888

    AKOLA
    Soyoil refined                                 950            950
    Soyoil Solvent                                 910            910        
    Cottonseed refined oil                         928          928 
    Cottonseed solvent                             888            888

    DHULIA
    Soyoil refined                                 940            940
  
    KHAMGAON
    Soyoil refined 
                                                932            932
    JALNA
    Soyoil refined 
                                                   940            940
    NANDED
    Soyoil refined                                 932            932
   
    Soyoil refined prices at other places in Maharashtra : Washim – 939, 
    Latur - 938, Solapur – 938, Sangli – 942.

    (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)                  37,700-38,200    37,500-38,000
      
    Soymeal prices at other places in Maharashtra : Akola – 37,200, 
    Washim – 38,300, Dhulia – 38,600, Hingoli – 37,000, Jalna – 38,700,
    Nandurbar – 38,500, Khamgaon – 36,800, Latur – 38,500, Nanded – 38,800,
    Solapur – 39,000, Dharwad – 39,300, Sangli – 37,800

WEATHER (NAGPUR)  
Maximum temp. 23.0 degree Celsius, minimum temp. 12.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with a few spells of rains or thunder-showers. Maximum and minimum
temperature likely to be around 25 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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