January 3, 2020 / 9:49 AM / 17 days ago

Nagpur Soybean, Soyoil, Soymeal Open- January 3, 2020

Nagpur Soybean, Soyoil, Soymeal Open-January 3, 2020

Nagpur, Jan 3 (Reuters) – Soyabean oil prices today declined sharply in Vidarbha region of
Western Maharashtra today on persistent selling by stockists amid good supply from producing
regions and weak trends in Madhya Pradesh oils. Sentiment turned bearish because of fresh fall
in Malaysian palm oil. Trading activity in other edible reported weak as no trader was in mood
for any commitment because of downward trend on NCDEX, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect easy condition in soyabean oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor.  
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on poor buying support from local crushing plants. Sharp 
  fall in soyabean oil, no takers to soymeal, weak trend on NCDEX and downward trend in 
  Madhya Pradesh soyabean prices also affected sentiment. Heavy unseasonal rains 
  yesterday evening affected arrival here.
    About 100 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    40,000-43,200       40,000-43,500         --
    (Available price)
    Market delivery    40,100-43,300       40,100-43,600          --
    (Traders price)
    Plant delivery     44,500-44,750       44,700-45,000          --

    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 – 44,500, Washim – 44,700, Khamgaon – 44,800, Dhulia – 44,800, 
    Hingoli – 45,800, Jalna – 44,600, Nandurbar – 45,000, 
    Latur – 45,400, Nanded – 45,400, Solapur – 45,000, Sangli – 44,800.
        
    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         940            945
    Soyoil solvent crushing plant delivery         900            905    
    Cottonseed refined                             920            920
    Cottonseed solvent                             880            880
    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)                            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                                 942            950
    Soyoil Solvent                                 902            910
    Cottonseed refined                             928            928
    Cottonseed solvent                             888            888

    AKOLA
    Soyoil refined                                 943            950
    Soyoil Solvent                                 903            910        
    Cottonseed refined oil                         928          928 
    Cottonseed solvent                             888            888

    DHULIA
    Soyoil refined                                 937            940
  
    KHAMGAON
    Soyoil refined 
                                                932            932
    JALNA
    Soyoil refined 
                                                   932            940
    NANDED
    Soyoil refined                                 932            934
   
    Soyoil refined prices at other places in Maharashtra : Washim – 935, 
    Latur - 938, Solapur – 936, Sangli – 938.

    (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)                  37,500-38,000    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. 18.0 degree Celsius, minimum temp. 12.0 degree Celsius 
Rainfall : Nil
FORECAST: Generally 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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