June 3, 2019 / 8:08 AM / 23 days ago

Nagpur Soybean, Soyoil, Soymeal Open- JUNE 03, 2019

Nagpur Soybean, Soyoil, Soymeal Open-June 3, 2018

Nagpur, June 3 (Reuters) – Soyabean and cottonseed oil today declined in Vidarbha region of
Western Maharashtra on stockists selling, 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 Monday. 

                       *****
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 oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Weak trend in 
    international soymeal prices also affected sentiment.         
                                         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Sharp fall on NCDEX, 
    downward trend in soyabean oil, no takers to soymeal and easy condition in Madhya 
    Pradesh soyabean prices also pulled down prices in limited deals. 
    About 450 new 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    34,000-36,200       34,000-36,400         --
    (Available price)
    Market delivery    34,100-36,300       34,100-36,500          --
    (Traders price)
    Plant delivery     38,000-38,300       38,200-38,500          --

    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 – 38,100, Washim – 38,200, Khamgaon – 37,800, Dhulia – 37,900, 
    Hingoli – 38,700, Jalna – 37,700, Nandurbar – 38,100, 
    Latur – 38,700, Nanded – 38,700, Solapur – 39,000, Sangli – 39,000.
        
    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         753            756
    Soyoil solvent crushing plant delivery         713            716    
    Cottonseed refined                             735            738
    Cottonseed solvent                             715            718
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,260          1,260
    Castor oil (for 15 kg)                         1,920          1,920
    Coconut KP oil (for 15 kg)                     3,140          3,140

    AMRAVATI
    Soyoil refined                                 755            757
    Soyoil Solvent                                 715            718
    Cottonseed refined                             735            738
    Cottonseed solvent                             715            718

    AKOLA
    Soyoil refined                                 754            755
    Soyoil Solvent                                 714            715        
    Cottonseed refined oil                         735          738 
    Cottonseed solvent                             715            718

    DHULIA
    Soyoil refined                                 759            762
  
    KHAMGAON
    Soyoil refined 
                                                754            755
    JALNA
    Soyoil refined 
                                                   754            756
    NANDED
    Soyoil refined                                 753            754
   
    Soyoil refined prices at other places in Maharashtra : Latur - 744, 
    Khamgaon – 755, Washim – 756, Solapur – 755, Sangli – 754.

    (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)                  32,500-32,500    32,000-32,500
      
    Soymeal prices at other places in Maharashtra : Akola – 32,200, 
    Washim – 32,000, Dhulia – 33,300, Hingoli – 33,500, Jalna – 32,700,
    Nandurbar – 33,500, Khamgaon – 31,800, Latur – 33,200, Nanded – 33,200,
    Solapur – 33,500, Dharwad – 33,300, Sangli – 33,200

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

WEATHER (NAGPUR)  
Maximum temp. 47.0 degree Celsius, minimum temp. 29.7 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 47 degree
Celsius and 30 degree Celsius respectively.

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