June 4, 2019 / 9:14 AM / in 13 days

Nagpur Soybean, Soyoil, Soymeal Open- JUNE 04, 2019

Nagpur Soybean, Soyoil, Soymeal Open-June 4, 2018

Nagpur, June 4 (Reuters) – In range-bound trade, groundnut oil prices suffered heavily at the
Vidarbha region of Western Maharashtra today largely on reduced offtake amid weak trend in
producing regions like Gujarath, Tamilnadu and Marathwada. Sentiment in other edible oils
reported weak as no trader was in mood for any commitment because of fresh fall in American soya
digam prices and easy condition on NCDEX in soyabean oil, according to sources. 

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, sunflower refined, linseed, rapeseed, castor and coconut KP oil 
    ruled steady here in sluggish trading activity.  
  * Traders expect downward trend in groundnut oil here. 
    
   SOYMEAL
  * Soymeal prices today quoted static here. Fresh fall in international soymeal prices 
    also affected sentiment.         
                                         
   SOYABEAN
  * Soyabean prices declined further in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of buying support from local crushing plants. No takers to 
    soyabean oil & soymeal, weak trend on NCDEX and downward trend in Madhya Pradesh 
    soyabean prices also affected sentiment in limited deals. 
    About 800 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    34,000-35,750       34,000-36,100         --
    (Available price)
    Market delivery    34,100-36,850       34,100-36,200          --
    (Traders price)
    Plant delivery     38,000-38,300       38,000-38,300          --

    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 – 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         754            754
    Soyoil solvent crushing plant delivery         714            714    
    Cottonseed refined                             735            735
    Cottonseed solvent                             715            715
    Groundnut oil – loose (10 kg)                  1,220          1,240
    Groundnut oil refined (15 Litre)               1,800          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            755
    Soyoil Solvent                                 715            715
    Cottonseed refined                             735            735
    Cottonseed solvent                             715            715

    AKOLA
    Soyoil refined                                 755            755
    Soyoil Solvent                                 715            715        
    Cottonseed refined oil                         735          735 
    Cottonseed solvent                             715            715

    DHULIA
    Soyoil refined                                 759            759
  
    KHAMGAON
    Soyoil refined 
                                                754            754
    JALNA
    Soyoil refined 
                                                   754            754
    NANDED
    Soyoil refined                                 753            753
   
    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. 45.7 degree Celsius, minimum temp. 28.2 degree Celsius 
Rainfall : Nil
FORECAST: Heat wave likely. Maximum and minimum temperature likely to be around 46 degree
Celsius and 28 degree Celsius respectively.

Attn: Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Wednesday, on the occasion of Ramzan ID.

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