March 27, 2019 / 8:45 AM / 25 days ago

Nagpur Soybean, Soyoil, Soymeal Open- March 27, 2019

Nagpur Soybean, Soyoil, Soymeal Open-March 27, 2018

Nagpur, Mar 27 (Reuters) – Soyabean oil in edible section and linseed & rapeseed oil in
non-edible section, declined in Vidarbha region of Western Maharashtra today on persistent
selling by stockists amid good supply from producing regions and weak trends in Madhya Pradesh
oils. Sentiment turned bearish because of release of stock from stockists. Trading activity in
other edible reported weak as no trader was in mood for any commitment because of downward trend
in American soya digam and Malaysian palm oil prices, according to sources. 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut oil, groundnut refined, sunflower refined, castor and 
    coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect downward trend in soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor.                                
                        
    
     
   SOYABEAN
  * No auctions reported till 1.15 pm because of payment problem from traders to farmers.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       (Auction price)    (Auction price)
    Market delivery         n.a.           31,700-36,000         --
    (Available price)
    Market delivery         n.a.           31,800-36,100          --
    (Traders price)
    Plant delivery     37,200-37,400       37,200-37,400          --

    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 – 38,600, Jalna – 37,000, Nandurbar – 37,800, 
    Latur – 38,600, Nanded – 38,600, Solapur – 38,600, 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         742            744
    Soyoil solvent crushing plant delivery         702            704    
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  900            900
    Linseed oil (10 kg)                            870            880
    Rapeseed oil (for 15 kg)                       1,320          1,340
    Castor oil (for 15 kg)                         1,750          1,750
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 743            746
    Soyoil Solvent                                 703            705
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685

    AKOLA
    Soyoil refined                                 743            745
    Soyoil Solvent                                 703            706        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 750            753
  
    KHAMGAON
    Soyoil refined 
                                                750            754
    JALNA
    Soyoil refined 
                                                   751            752
    NANDED
    Soyoil refined                                 741            744
   
    Soyoil refined prices at other places in Maharashtra : Latur - 742, 
    Khamgaon – 745, Washim – 751, Solapur – 752, Sangli – 752.

    (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)                  30,800-31,200    30,800-31,200
      
    Soymeal prices at other places in Maharashtra : Akola – 31,200, 
    Washim – 31,600, Dhulia – 32,500, Hingoli – 32,000, Jalna – 32,500,
    Nandurbar – 32,000, Khamgaon – 31,300, Latur – 32,800, Nanded – 33,000,
    Solapur – 32,500, Dharwad – 32,500, Sangli – 32,500

WEATHER (NAGPUR)  
Maximum temp. 39.1 degree Celsius, minimum temp. 22.1 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 39 degree
Celsius and 22 degree Celsius.

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

WEATHER (NAGPUR)  
Maximum temp. 39.8 degree Celsius, minimum temp. 22.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 39 degree
Celsius and 22 degree Celsius.

ATTN : Soyabean mandi and wholesale good grain market of Nagpur APMC are officially open but no
auctions reported today because of non-receipt of payments from traders. The problem will be
solved by this evening, according to sources.

  
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