July 23, 2019 / 8:32 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- JULY 23, 2019

Nagpur Soybean, Soyoil, Soymeal Open-July 23, 2019

Nagpur, July 23 (Reuters) – Soyabean oil declined sharply in Vidarbha region of Western
Maharashtra today on persistent selling by stockists amid good supply from producing regions.
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
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, 
    castor and rapeseed oil ruled steady here in sluggish trading activity.  
  * Traders expect further fall in soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices today moved down here on lack of demand from South-based traders. Easy 
    condition in international soymeal prices also affected sentiment.         
                                         
   SOYABEAN
  * Soyabean prices reported fresh fall in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Easy condition in 
    soyabean oil, fresh fall in soymeal and weak trend in Madhya Pradesh soyabean prices 
    also affected sentiment in limited deals. 
    About 150 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    32,000-34,800       32,500-35,100         --
    (Available price)
    Market delivery    32,100-34,900       32,600-35,200          --
    (Traders price)
    Plant delivery     36,800-37,100       37,000-37,300          --

    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 – 37,300, 
    Hingoli – 37,900, Jalna – 37,200, Nandurbar – 37,000, 
    Latur – 37,900, Nanded – 37,900, Solapur – 37,500, 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         738            743
    Soyoil solvent crushing plant delivery         698            702    
    Cottonseed refined                             775            775
    Cottonseed solvent                             735            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)                            860            860
    Rapeseed oil (for 15 kg)                       1,240          1,240
    Castor oil (for 15 kg)                         1,840          1,840
    Coconut KP oil (for 15 kg)                     3,060          3,080

    AMRAVATI
    Soyoil refined                                 739            742
    Soyoil Solvent                                 698            702
    Cottonseed refined                             780            780
    Cottonseed solvent                             740            740

    AKOLA
    Soyoil refined                                 739            743
    Soyoil Solvent                                 699            704        
    Cottonseed refined oil                         780          780 
    Cottonseed solvent                             740            740

    DHULIA
    Soyoil refined                                 741            747
  
    KHAMGAON
    Soyoil refined 
                                                749            754
    JALNA
    Soyoil refined 
                                                   742            747
    NANDED
    Soyoil refined                                 730            735
   
    Soyoil refined prices at other places in Maharashtra : Latur - 732, 
    Khamgaon – 747, Washim – 747, Solapur – 732, Sangli – 745.

    (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)                  31,000-31,500    31,500-31,800
      
    Soymeal prices at other places in Maharashtra : Akola – 30,800, 
    Washim – 31,000, Dhulia – 31,900, Hingoli – 32,800, Jalna – 32,500,
    Nandurbar – 32,200, Khamgaon – 30,500, Latur – 32,600, Nanded – 32,600,
    Solapur – 32,800, Dharwad – 32,500, 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. 34.2 degree Celsius, minimum temp. 26.3 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 37 degree Celsius and 27 degree Celsius respectively.

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