March 11, 2019 / 8:09 AM / 4 months ago

Nagpur Soybean, Soyoil, Soymeal Open- March 11, 2019

Nagpur Soybean, Soyoil, Soymeal Open-March 11, 2018

Nagpur, Mar 11 (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 these oils. Besides, sufficient
stocks, fresh fall on NCDEX and easy condition in Madhya Pradesh edible oil also affected
sentiment in thin trading activity, sources said Monday. 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut oil, Groundnut refined, Sunflower refined, Linseed, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect weak trend in soyabean and cottonseed oils here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from local traders.    
     
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants weak. Fresh fall in 
    soyabean oil, no takers to soymeal, downward trend in Madhya Pradesh soyabean prices 
    and high moisture content arrival also affected prices in limited deals. 
    About 600 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    34,000-36,300       34,000-36,400         --
    (Available price)
    Market delivery    34,100-36,400       34,100-36,500          --
    (Traders price)
    Plant delivery     37,300-37,500       37,300-37,500          --

    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 – 37,700, Washim – 37,600, Khamgaon – 37,400, Dhulia – 38,250, 
    Hingoli – 38,500, Jalna – 37,200, Nandurbar – 37,200, 
    Latur – 38,500, Nanded – 38,500, Solapur – 38,700, Sangli – 37,700.
        
    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         763            766
    Soyoil solvent crushing plant delivery         723            728    
    Cottonseed refined                             730            735
    Cottonseed solvent                             690            695
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  910            910
    Linseed oil (10 kg)                            900            900
    Rapeseed oil (for 15 kg)                       1,350          1,350
    Castor oil (for 15 kg)                         1,770          1,770
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 765            768
    Soyoil Solvent                                 725            727
    Cottonseed refined                             730            735
    Cottonseed solvent                             690            695

    AKOLA
    Soyoil refined                                 765            767
    Soyoil Solvent                                 725            728        
    Cottonseed refined oil                         730          735 
    Cottonseed solvent                             695            695

    DHULIA
    Soyoil refined                                 769            771
  
    KHAMGAON
    Soyoil refined 
                                                773            775
    JALNA
    Soyoil refined 
                                                   774            776
    NANDED
    Soyoil refined                                 753            756
   
    Soyoil refined prices at other places in Maharashtra : Latur - 766, 
    Khamgaon – 765, Washim – 773, Solapur – 771, Sangli – 773.

    (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)                  31,200-31,500    31,200-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,300, 
    Washim – 31,700, Dhulia – 31,800, Hingoli – 32,100, Jalna – 32,000,
    Nandurbar – 31,900, Khamgaon – 31,000, Latur – 32,200, Nanded – 32,200,
    Solapur – 32,200, Dharwad – 32,800, Sangli – 32,200

WEATHER (NAGPUR)  
Maximum temp. 38.0 degree Celsius, minimum temp. 17.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 38 degree
Celsius and 17 degree Celsius.

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

  
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