January 24, 2020 / 9:32 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- January 24, 2020

Nagpur Soybean, Soyoil, Soymeal Open-January 24, 2020

Nagpur, Jan 24 (Reuters) – Soyabean and cottonseed oil today drifted in Vidarbha region of
Western Maharashtra on stockists selling, driven by higher imports amid weak global cues. Fall
in demand from millers and retailers also put pressure on these oil. Besides, sufficient stocks
and easy condition in Madhya Pradesh soyabean oil also affected sentiment in thin trading
activity, sources said Friday. 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, 
    castor and coconut KP 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 but demand was poor in limited deals.
                                         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions here on increased demand from local crushing plants amid 
  weak supply from producing regions. Good rise in Madhya Pradesh 
  soyabean prices and repeated enquiries from South-based plants also boosted prices.
    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    37,000-41,000       36,500-41,000         --
    (Available price)
    Market delivery    37,100-41,100       36,600-41,100          --
    (Traders price)
    Plant delivery     42,100-42,400       42,100-42,500          --

    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 – 43,500, Amravati – 43,200 Washim – 43,500, Khamgaon – 43,500, 
    Dhulia – 43,300, Hingoli – 43,200, Jalna – 43,100, Nandurbar – 43,200, 
    Latur – 43,200, Nanded – 43,200, Solapur – 43,200, Sangli – 43,000.
        
    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.           6,000-6,200 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,800-2,000
    Dhan                  n.a.            n.a.             1,800-2,140
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         900            905
    Soyoil solvent crushing plant delivery         860            865    
    Cottonseed refined                             875            880
    Cottonseed solvent                             835            840
    Groundnut oil – loose (10 kg)                  1,370          1,370
    Groundnut oil refined (15 Litre)               1,970          1,970
    Sunflower oil refined (10 kg)                  985            985
    Linseed oil (10 kg)                            980            980
    Rapeseed oil (for 15 kg)                       1,540          1,540
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,850          2,850

    AMRAVATI
    Soyoil refined                                 904            908
    Soyoil Solvent                                 864            871
    Cottonseed refined                             880            885
    Cottonseed solvent                             835            845

    AKOLA
    Soyoil refined                                 910            912
    Soyoil Solvent                                 870            872        
    Cottonseed refined oil                         880          885 
    Cottonseed solvent                             840            845

    DHULIA
    Soyoil refined                                 898            905
  
    KHAMGAON
    Soyoil refined 
                                                903            911
    JALNA
    Soyoil refined 
                                                   898            905
    NANDED
    Soyoil refined                                 880            885
   
    Soyoil refined prices at other places in Maharashtra : Washim – 900, 
    Latur - 870, Solapur – 868, Sangli – 895.

    (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)                  34,800-35,100    34,800-35,100
      
    Soymeal prices at other places in Maharashtra : Akola – 34,500, 
    Washim – 35,400, Dhulia – 35,200, Hingoli – 35,800, Jalna – 35,700,
    Nandurbar – 35,200, Khamgaon – 34,500, Latur – 35,500, Nanded – 35,300,
    Solapur – 36,500, Dharwad – 36,000, Sangli – 35,900

WEATHER (NAGPUR)  
Maximum temp. 30.0 degree Celsius, minimum temp. 12.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 29 degree
Celsius and 12 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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