January 30, 2020 / 8:32 AM / 18 days ago

Nagpur Soybean, Soyoil, Soymeal Open- January 30, 2020

Nagpur Soybean, Soyoil, Soymeal Open-January 30, 2020

Nagpur, Jan 30 (Reuters) – Soyabean, cottonseed and sunflower oil today suffered heavily in
Vidarbha region of Western Maharashtra on stockists selling looking towards month ending, driven
by higher imports amid weak global cues. Fall in demand from millers and retailers also put
pressure on soyabean oil. Besides, sufficient stocks, sharp fall on NCDEX and easy condition in
Madhya Pradesh soyabean oil also affected sentiment in thin trading activity, sources said
Thursday. 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, rapeseed, linseed, castor, coconut 
    KP oil ruled steady here in weak trading activity.  
  * Traders expect further fall in soyabean and cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today suffered heavily here on lack of demand from South-based traders. 
   Fresh fall 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. Sharp fall 
  in soyabean oil, weak trend in soymeal and easy condition in Madhya Pradesh soyabean 
  prices also affected sentiment.
    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    36,000-39,500       36,200-39,800         --
    (Available price)
    Market delivery    36,100-39,600       36,300-39,900          --
    (Traders price)
    Plant delivery     41,200-41,500       41,200-41,500          --

    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 – 41,200, Amravati – 41,300 Washim – 41,600, Khamgaon – 41,500, 
    Dhulia – 42,250, Hingoli – 42,700, Jalna – 42,000, Nandurbar – 42,200, 
    Latur – 42,300, Nanded – 42,500, Solapur – 42,800, Sangli – 41,000.
        
    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.           5,900-6,100 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,900-2,200
    Dhan                  n.a.            n.a.             1,800-2,080
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         881            885
    Soyoil solvent crushing plant delivery         841            845    
    Cottonseed refined                             845            847
    Cottonseed solvent                             805            807
    Groundnut oil – loose (10 kg)                  1,360          1,360
    Groundnut oil refined (15 Litre)               1,950          1,950
    Sunflower oil refined (10 kg)                  950            960
    Linseed oil (10 kg)                            950            950
    Rapeseed oil (for 15 kg)                       1,500          1,500
    Castor oil (for 15 kg)                         1,450          1,450
    Coconut KP oil (for 15 kg)                     2,800          2,800

    AMRAVATI
    Soyoil refined                                 890            892
    Soyoil Solvent                                 850            852
    Cottonseed refined                             845            847
    Cottonseed solvent                             805            807

    AKOLA
    Soyoil refined                                 888            893
    Soyoil Solvent                                 848            853        
    Cottonseed refined oil                         843          845 
    Cottonseed solvent                             803            805

    DHULIA
    Soyoil refined                                 884            887
  
    KHAMGAON
    Soyoil refined 
                                                880            884
    JALNA
    Soyoil refined 
                                                   877            882
    NANDED
    Soyoil refined                                 845            850
   
    Soyoil refined prices at other places in Maharashtra : Washim – 875, 
    Latur - 850, Solapur – 850, Sangli – 852.

    (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)                  34,200-34,600    34,600-35,000
      
    Soymeal prices at other places in Maharashtra : Akola – 34,400, 
    Washim – 34,500, Dhulia – 34,200, Hingoli – 35,100, Jalna – 35,000,
    Nandurbar – 34,800, Khamgaon – 33,200, Latur – 34,800, Nanded – 34,500,
    Solapur – 35,100, Dharwad – 34,800, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 30.0 degree Celsius, minimum temp. 13.0 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear 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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