June 25, 2019 / 8:41 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- JUNE 25, 2019

Nagpur Soybean, Soyoil, Soymeal Open-June 25, 2018

Nagpur, June 25 (Reuters) – The prices of castor and coconut KP oils today tumble in the
Vidarbha region of Western Maharashtra largely in tandem with weakening prices in producing
belts. Trading sentiment turned bearish after release of stock from stockists. Trading activity
in other edible oils reported weak as no trader was in mood for any commitment because of
downward trend in Malaysian palm oil and American soya digam prices, sources said Tuesday.
 

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed 
    and rapeseed oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor in thin trading activity.        
                                         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. No takers to soyabean oil
    & soymeal and downward trend in Madhya Pradesh soyabean prices also pulled down 
    prices in weak trading activity.  
    About 100 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    33,000-35,900       33,500-36,000         --
    (Available price)
    Market delivery    33,100-36,000       33,600-36,100          --
    (Traders price)
    Plant delivery     37,400-37,400       37,100-37,500          --

    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 – 37,500, Washim – 37,100, Khamgaon – 37,400, Dhulia – 37,400, 
    Hingoli – 37,800, Jalna – 36,700, Nandurbar – 37,700, 
    Latur – 37,800, Nanded – 37,800, Solapur – 37,800, Sangli – 38,500.
        
    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                             750            750
    Cottonseed solvent                             710            710
    Groundnut oil – loose (10 kg)                  1,220          1,220
    Groundnut oil refined (15 Litre)               1,800          1,800
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,240          1,240
    Castor oil (for 15 kg)                         1,860          1,880
    Coconut KP oil (for 15 kg)                     3,100          3,120

    AMRAVATI
    Soyoil refined                                 760            760
    Soyoil Solvent                                 720            720
    Cottonseed refined                             750            750
    Cottonseed solvent                             710            710

    AKOLA
    Soyoil refined                                 760            760
    Soyoil Solvent                                 720            720        
    Cottonseed refined oil                         755          755 
    Cottonseed solvent                             715            715

    DHULIA
    Soyoil refined                                 770            770
  
    KHAMGAON
    Soyoil refined 
                                                767            767
    JALNA
    Soyoil refined 
                                                   767            767
    NANDED
    Soyoil refined                                 742            742
   
    Soyoil refined prices at other places in Maharashtra : Latur - 743, 
    Khamgaon – 768, Washim – 755, Solapur – 743, Sangli – 757.

    (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)                  30,900-31,300    30,900-31,300
      
    Soymeal prices at other places in Maharashtra : Akola – 30,900, 
    Washim – 31,300, Dhulia – 32,300, Hingoli – 32,500, Jalna – 32,000,
    Nandurbar – 32,700, Khamgaon – 30,500, Latur – 32,300, Nanded – 32,400,
    Solapur – 32,800, Dharwad – 33,000, 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. 36.6 degree Celsius, minimum temp. 21.4 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. One or two spells of rains or thunder-showers likely. Maximum and
minimum temperature likely to be around 36 degree Celsius and 23 degree Celsius respectively.

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