July 19, 2019 / 8:45 AM / 5 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JULY 19, 2019

Nagpur Soybean, Soyoil, Soymeal Open-July 19, 2019

Nagpur, July 19 (Reuters) – The prices of soyabean and cottonseed oils today declined in the
Vidarbha region of Western Maharashtra largely in tandem with weakening global cues. Trading
sentiment turned bearish after palm oil slipped in futures trading in Malaysia. Fresh fall in
American soya digam prices and downward trend in Madhya Pradesh soyabean oil also affected
sentiment. No trader was in mood for any commitment because of weak trend on NCDEX in soyabean
oil, sources said Friday.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect weak trend in soyabean and cottonseed oil here. 
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor. Weak trend in 
    international soymeal prices also affected sentiment.         
                                         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Fresh fall in soyabean 
    oil, no takers to soymeal, weak trend on NCDEX and easy condition in Madhya Pradesh 
    soyabean prices also pulled down prices. 
    About 250 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    33,000-36,250       33,200-36,250         --
    (Available price)
    Market delivery    33,100-36,350       32,300-36,350          --
    (Traders price)
    Plant delivery     37,200-37,500       37,200-37,500          --

    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 – 37,800, Washim – 37,500, Khamgaon – 36,900, Dhulia – 37,500, 
    Hingoli – 38,300, Jalna – 37,200, Nandurbar – 37,000, 
    Latur – 38,300, Nanded – 38,300, Solapur – 38,500, 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         742            744
    Soyoil solvent crushing plant delivery         702            704    
    Cottonseed refined                             770            775
    Cottonseed solvent                             730            735
    Groundnut oil – loose (10 kg)                  1,220          1,220
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined (10 kg)                  890            890
    Linseed oil (10 kg)                            850            850
    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            744
    Soyoil Solvent                                 702            704
    Cottonseed refined                             772            777
    Cottonseed solvent                             732            737

    AKOLA
    Soyoil refined                                 742            744
    Soyoil Solvent                                 702            704        
    Cottonseed refined oil                         772          777 
    Cottonseed solvent                             732            737

    DHULIA
    Soyoil refined                                 750            751
  
    KHAMGAON
    Soyoil refined 
                                                754            755
    JALNA
    Soyoil refined 
                                                   747            748
    NANDED
    Soyoil refined                                 733            735
   
    Soyoil refined prices at other places in Maharashtra : Latur - 735, 
    Khamgaon – 750, Washim – 751, Solapur – 735, Sangli – 750.

    (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)                  31,500-31,800    31,500-31,800
      
    Soymeal prices at other places in Maharashtra : Akola – 31,600, 
    Washim – 31,800, Dhulia – 32,300, Hingoli – 32,800, Jalna – 32,500,
    Nandurbar – 32,200, Khamgaon – 31,000, Latur – 32,800, Nanded – 32,700,
    Solapur – 32,800, Dharwad – 33,500, 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. 38.4 degree Celsius, minimum temp. 23.3 degree Celsius 
Rainfall : 3.00 mm
FORECAST: Generally cloudy sky. Maximum and minimum temperature likely to be around 36 degree
Celsius and 23 degree Celsius respectively.

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