January 20, 2020 / 11:11 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- January 20, 2020

Nagpur Soybean, Soyoil, Soymeal Open-January 17, 2020
Nagpur, Jan 20 (Reuters) – Major edible and non-edible oils today remained unaltered in Vidarbha
region of Western Maharashtra on restricted buying activity against adequate stock positions and
settled at last level. Trading activity was minimal which reduced the volume of business even
though notable rise in international edible oil prices, sources said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, 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 ruled steady here but demand was poor in limited deals.
                                         
   SOYABEAN
  * Soyabean prices suffered heavily in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions here on poor demand from local crushing plants amid high 
  moisture content arrival. No takers to soyabean oil & soymeal and downward trend in 
  Madhya Pradesh soyabean prices also pushed down prices 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    36,000-40,500       37,000-41,000         --
    (Available price)
    Market delivery    36,100-40,600       37,100-41,100          --
    (Traders price)
    Plant delivery     42,900-43,200       43,000-43,300          --

    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 – 43,600, Amravati – 43,800 Washim – 43,700, Khamgaon – 43,500, 
    Dhulia – 43,800, Hingoli – 44,300, Jalna – 43,250, Nandurbar – 43,400, 
    Latur – 44,300, Nanded – 44,100, Solapur – 44,300, Sangli – 43,500.
        
    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.           6,000-6,200 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,800-2,000
    Dhan                  2,500         1,800-2,100        1,800-2,100
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         921            921
    Soyoil solvent crushing plant delivery         881            881    
    Cottonseed refined                             890            890
    Cottonseed solvent                             850            850
    Groundnut oil – loose (10 kg)                  1,370          1,370
    Groundnut oil refined (15 Litre)               1,970          1,970
    Sunflower oil refined (10 kg)                  1,000          1,000
    Linseed oil (10 kg)                            990            990
    Rapeseed oil (for 15 kg)                       1,560          1,560
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,850          2,850

    AMRAVATI
    Soyoil refined                                 925            925
    Soyoil Solvent                                 885            885
    Cottonseed refined                             890            895
    Cottonseed solvent                             850            855

    AKOLA
    Soyoil refined                                 925            925
    Soyoil Solvent                                 885            885        
    Cottonseed refined oil                         890          893 
    Cottonseed solvent                             850            853

    DHULIA
    Soyoil refined                                 917            917
  
    KHAMGAON
    Soyoil refined 
                                                925            925
    JALNA
    Soyoil refined 
                                                   915            915
    NANDED
    Soyoil refined                                 880            880
   
    Soyoil refined prices at other places in Maharashtra : Washim – 920, 
    Latur - 880, Solapur – 880, Sangli – 905.

    (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)                  35,600-36,000    35,600-36,000
      
    Soymeal prices at other places in Maharashtra : Akola – 35,900, 
    Washim – 36,100, Dhulia – 36,200, Hingoli – 36,000, Jalna – 36,300,
    Nandurbar – 36,200, Khamgaon – 36,000, Latur – 36,500, Nanded – 36,000,
    Solapur – 37,000, Dharwad – 37,000, Sangli – 36,500

WEATHER (NAGPUR)  
Maximum temp. 25.0 degree Celsius, minimum temp. 13.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 27 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)

        *    *     *    *    *    *


Nagpur, Jan 17 (Reuters) – The slide in major edible and non-edible oil prices continued
unabated in Vidarbha region of Western Maharashtra for fourth day today on persistent selling by
stockists amid good supply from producing regions and weak trends in overseas markets. Sentiment
turned bearish as Malaysian palm oil and American soya digam reported down. Sharp fall on NCDEX
in soyabean oil and downward trend in Madhya Pradesh edible oil prices also affected sentiment,
according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, linseed, rapeseed and coconut KP oil today declined sharply 
    here in absence of buyers amid profit-taking selling by stockists at higher level.
  * Groundnut loose, groundnut refined, sunflower refined and castor oil ruled steady 
     here in sluggish trading activity.  
  * Traders expect further fall in soyabean and cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here on poor buying support from local traders.
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on good demand from local crushing plants amid 
  tight supply from producing belt. Fresh hike in Madhya Pradesh soyabean prices and 
  enquiries from South-based plants also jacked up prices.
    About 600 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    37,500-42,000       37,200-42,000         --
    (Available price)
    Market delivery    37,600-42,100       37,300-42,100          --
    (Traders price)
    Plant delivery     43,200-43,500       43,200-43,500          --

    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 – 43,700, Amravati – 43,800 Washim – 43,700, Khamgaon – 43,500, 
    Dhulia – 43,900, Hingoli – 44,400, Jalna – 43,500, Nandurbar – 43,400, 
    Latur – 44,400, Nanded – 44,100, Solapur – 44,400, Sangli – 44,000.
        
    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.           6,000-6,400 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,800-2,000
    Dhan                  n.a.            n.a.             1,800-2,160
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         922            925
    Soyoil solvent crushing plant delivery         882            886    
    Cottonseed refined                             895            900
    Cottonseed solvent                             855            865
    Groundnut oil – loose (10 kg)                  1,370          1,370
    Groundnut oil refined (15 Litre)               1,970          1,970
    Sunflower oil refined (10 kg)                  1,000          1,000
    Linseed oil (10 kg)                            990            1,000
    Rapeseed oil (for 15 kg)                       1,560          1,580
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,850          2,900

    AMRAVATI
    Soyoil refined                                 925            930
    Soyoil Solvent                                 885            893
    Cottonseed refined                             890            900
    Cottonseed solvent                             850            860

    AKOLA
    Soyoil refined                                 925            925
    Soyoil Solvent                                 885            885        
    Cottonseed refined oil                         890          900 
    Cottonseed solvent                             850            855

    DHULIA
    Soyoil refined                                 920            924
  
    KHAMGAON
    Soyoil refined 
                                                920            925
    JALNA
    Soyoil refined 
                                                   918            923
    NANDED
    Soyoil refined                                 905            910
   
    Soyoil refined prices at other places in Maharashtra : Washim – 920, 
    Latur - 900, Solapur – 900, Sangli – 905.

    (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)                  36,600-37,000    36,600-37,000
      
    Soymeal prices at other places in Maharashtra : Akola – 36,900, 
    Washim – 37,100, Dhulia – 36,200, Hingoli – 37,000, Jalna – 37,300,
    Nandurbar – 37,200, Khamgaon – 37,000, Latur – 37,500, Nanded – 37,000,
    Solapur – 37,500, Dharwad – 37,500, Sangli – 37,000

WEATHER (NAGPUR)  
Maximum temp. 27.0 degree Celsius, minimum temp. 15.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. 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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