January 28, 2020 / 9:41 AM / 23 days ago

Nagpur Soybean, Soyoil, Soymeal Open- January 28, 2020

Nagpur Soybean, Soyoil, Soymeal Open-January 28, 2020

Nagpur, Jan 28 (Reuters) – Soyabean, cottonseed and sunflower oil in edible section and linseed
oil in non-edible section, declined sharply in Vidarbha region of Western Maharashtra today on
persistent selling by stockists amid good supply from producing regions and weak trends in
overseas oils. Sentiment turned bearish because of release of stock from stockists. Trading
activity in other edible reported weak as no trader was in mood for any commitment because of
downward trend in American soya digam prices, according to sources. 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, rapeseed, castor, coconut KP oil ruled steady 
    here in sluggish trading activity.  
  * Traders expect downward trend in soyabean oil even though good rise showed on NCDEX.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor. Downward trend in 
   international soymeal prices also affected sentiment.
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions here on poor demand from local crushing plants amid 
  high moisture content arrival. Further fall in soyabean oil and weak trend in Madhya 
  Pradesh soyabean prices affected prices here in weak trading activity.
    About 500 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    36,300-40,000       36,500-41,300         --
    (Available price)
    Market delivery    36,400-40,100       36,600-41,400          --
    (Traders price)
    Plant delivery     41,000-41,300       41,100-41,500          --

    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 – 41,500, Amravati – 41,200 Washim – 41,400, Khamgaon – 41,500, 
    Dhulia – 41,600, Hingoli – 42,800, Jalna – 42,000, Nandurbar – 42,200, 
    Latur – 42,800, Nanded – 42,800, Solapur – 42,800, Sangli – 42,000.
        
    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                10            5,900-6,100           6,000-6,200 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          10         1,900-2,200        1,800-2,000
    Dhan                  3,000         1,850-2,131        1,800-2,140
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         885            890
    Soyoil solvent crushing plant delivery         845            850    
    Cottonseed refined                             840            845
    Cottonseed solvent                             800            805
    Groundnut oil – loose (10 kg)                  1,360          1,360
    Groundnut oil refined (15 Litre)               1,950          1,950
    Sunflower oil refined (10 kg)                  960            970
    Linseed oil (10 kg)                            960            970
    Rapeseed oil (for 15 kg)                       1,500          1,520
    Castor oil (for 15 kg)                         1,450          1,470
    Coconut KP oil (for 15 kg)                     2,800          2,800

    AMRAVATI
    Soyoil refined                                 890            906
    Soyoil Solvent                                 850            856
    Cottonseed refined                             840            850
    Cottonseed solvent                             800            805

    AKOLA
    Soyoil refined                                 895            902
    Soyoil Solvent                                 855            860        
    Cottonseed refined oil                         840          850 
    Cottonseed solvent                             800            810

    DHULIA
    Soyoil refined                                 881            885
  
    KHAMGAON
    Soyoil refined 
                                                882            887
    JALNA
    Soyoil refined 
                                                   880            885
    NANDED
    Soyoil refined                                 850            855
   
    Soyoil refined prices at other places in Maharashtra : Washim – 880, 
    Latur - 855, Solapur – 850, Sangli – 855.

    (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)                  34,600-35,000    34,800-35,100
      
    Soymeal prices at other places in Maharashtra : Akola – 34,700, 
    Washim – 35,000, Dhulia – 34,200, Hingoli – 35,600, Jalna – 35,500,
    Nandurbar – 35,000, Khamgaon – 33,500, Latur – 35,200, Nanded – 34,800,
    Solapur – 36,000, Dharwad – 35,800, Sangli – 35,000

WEATHER (NAGPUR)  
Maximum temp. 32.0 degree Celsius, minimum temp. 17.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rain or thunder-showers. Maximum and
minimum temperature likely to be around 32 degree Celsius and 17 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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