March 14, 2019 / 8:01 AM / 9 days ago

Nagpur Soybean, Soyoil, Soymeal Open- March 14, 2019

Nagpur Soybean, Soyoil, Soymeal Open-March 14, 2018

Nagpur, Mar 14 (Reuters) – Soyabean 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, fresh fall
on NCDEX and easy condition in Madhya Pradesh soyabean oil also affected sentiment in thin
trading activity, sources said Thursday.
 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, 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 oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady on subdued demand from local traders amid ample
    stock in ready position.    
     
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply from 
    producing regions. Fresh hike on NCDEX, good recovery in Madhya Pradesh soyabean 
    prices and enquiries from South-based plants also pushed up prices.
    About 400 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    33,500-36,100       33,800-36,000         --
    (Available price)
    Market delivery    33,600-36,200       33,900-36,100          --
    (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 – 37,000, Dhulia – 38,000, 
    Hingoli – 38,300, Jalna – 37,000, Nandurbar – 37,800, 
    Latur – 38,300, Nanded – 38,300, Solapur – 38,500, Sangli – 38,250.
        
    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         761            763
    Soyoil solvent crushing plant delivery         721            723    
    Cottonseed refined                             730            730
    Cottonseed solvent                             690            690
    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                                 761            762
    Soyoil Solvent                                 721            723
    Cottonseed refined                             730            730
    Cottonseed solvent                             690            690

    AKOLA
    Soyoil refined                                 761            763
    Soyoil Solvent                                 721            723        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 769            771
  
    KHAMGAON
    Soyoil refined 
                                                770            773
    JALNA
    Soyoil refined 
                                                   771            774
    NANDED
    Soyoil refined                                 751            753
   
    Soyoil refined prices at other places in Maharashtra : Latur - 754, 
    Khamgaon – 764, Washim – 772, Solapur – 770, Sangli – 772.

    (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)                  31,000-31,300    31,000-31,300
      
    Soymeal prices at other places in Maharashtra : Akola – 31,200, 
    Washim – 31,700, Dhulia – 31,800, Hingoli – 32,100, Jalna – 31,500,
    Nandurbar – 31,900, Khamgaon – 31,000, Latur – 32,000, Nanded – 32,200,
    Solapur – 32,200, Dharwad – 32,400, Sangli – 31,800

WEATHER (NAGPUR)  
Maximum temp. 38.5 degree Celsius, minimum temp. 20.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 39 degree
Celsius and 21 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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