July 10, 2019 / 9:01 AM / 7 days ago

Nagpur Soybean, Soyoil, Soymeal Open- JULY 10, 2019

Nagpur Soybean, Soyoil, Soymeal Open-July 10, 2018

Nagpur, July 10 (Reuters) – Soyabean, sunflower refined 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
Madhya Pradesh 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 and
adopted wait and watch move, according to sources.
 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, rapeseed, castor and coconut KP oil 
    ruled steady here in sluggish trading activity.  
  * Traders expect downward trend in soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices today suffered heavily here on lack of demand from South-based traders.      
  
                                         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of buying support from local crushing plants. Continuous 
    fall in soyabean oil, downward trend in soymeal, weak trend in Madhya 
    Pradesh soyabean prices also affected prices here in weak trading activity. 
    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    33,000-35,000       33,400-35,300         --
    (Available price)
    Market delivery    33,100-35,100       33,550-35,400          --
    (Traders price)
    Plant delivery     36,200-36,500       36,200-36,500          --

    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 – 36,700, Washim – 36,100, Khamgaon – 36,400, Dhulia – 36,500, 
    Hingoli – 37,400, Jalna – 36,000, Nandurbar – 36,000, 
    Latur – 37,400, Nanded – 37,300, Solapur – 37,400, Sangli – 38,000.
        
    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.           4,300-4,600
    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.           5,400-5,800 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,400-1,550
    Dhan                  n.a.            n.a.             1,900-2,150
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         741            744
    Soyoil solvent crushing plant delivery         702            705    
    Cottonseed refined                             766            766
    Cottonseed solvent                             726            726
    Groundnut oil – loose (10 kg)                  1,220          1,220
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined (10 kg)                  890            900
    Linseed oil (10 kg)                            850            860
    Rapeseed oil (for 15 kg)                       1,240          1,240
    Castor oil (for 15 kg)                         1,850          1,850
    Coconut KP oil (for 15 kg)                     3,100          3,100

    AMRAVATI
    Soyoil refined                                 742            748
    Soyoil Solvent                                 702            708
    Cottonseed refined                             775            775
    Cottonseed solvent                             735            735

    AKOLA
    Soyoil refined                                 742            747
    Soyoil Solvent                                 702            708        
    Cottonseed refined oil                         770          770 
    Cottonseed solvent                             730            730

    DHULIA
    Soyoil refined                                 749            752
  
    KHAMGAON
    Soyoil refined 
                                                753            757
    JALNA
    Soyoil refined 
                                                   751            754
    NANDED
    Soyoil refined                                 738            741
   
    Soyoil refined prices at other places in Maharashtra : Latur - 732, 
    Khamgaon – 745, Washim – 743, Solapur – 730, Sangli – 743.

    (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)                  30,400-30,600    30,700-31,000
      
    Soymeal prices at other places in Maharashtra : Akola – 30,200, 
    Washim – 30,500, Dhulia – 32,000, Hingoli – 32,200, Jalna – 31,800,
    Nandurbar – 32,000, Khamgaon – 30,400, Latur – 32,000, Nanded – 32,000,
    Solapur – 32,800, Dharwad – 32,300, Sangli – 32,800

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

WEATHER (NAGPUR)  
Maximum temp. 34.2 degree Celsius, minimum temp. 23.7 degree Celsius 
Rainfall : 8.6 mm
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 34 degree Celsius and 25 degree Celsius respectively.

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