March 29, 2019 / 7:53 AM / 25 days ago

Nagpur Soybean, Soyoil, Soymeal Open- March 29, 2019

Nagpur Soybean, Soyoil, Soymeal Open-March 29, 2018

Nagpur, Mar 29 (Reuters) – The slide in soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for fourth day today on persistent selling by stockists amid good
supply from producing regions and weak trends in overseas markets. Sentiment turned bearish as
Malaysian palm oil and American soya digam reported down. Fresh fall on NCDEX in soyabean oil
and downward trend in Madhya Pradesh edible oil prices also affected sentiment, according to
sources.
 

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut oil, groundnut refined, sunflower refined, rapeseed, castor and 
    coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect easy condition in soyabean oil here. 
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from local traders.                
                                     

   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid high moisture 
    content arrival. Weak trend in soyabean oil since last three sessions, no takers to 
    soymeal, easy condition on NCDEX and fresh fall in Madhya Pradesh soyabean prices 
    also affected sentiment in limited deals.
    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    33,000-35,900       33,600-36,000         --
    (Available price)
    Market delivery    33,100-36,000       33,700-36,100          --
    (Traders price)
    Plant delivery     37,100-37,300       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 – 38,700, Jalna – 37,000, Nandurbar – 37,800, 
    Latur – 38,900, Nanded – 38,700, Solapur – 39,000, 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         738            740
    Soyoil solvent crushing plant delivery         699            700    
    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)                            860            860
    Rapeseed oil (for 15 kg)                       1,320          1,320
    Castor oil (for 15 kg)                         1,750          1,750
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 740            742
    Soyoil Solvent                                 700            702
    Cottonseed refined                             725            725
    Cottonseed solvent                             685            685

    AKOLA
    Soyoil refined                                 740            743
    Soyoil Solvent                                 700            703        
    Cottonseed refined oil                         730          730 
    Cottonseed solvent                             690            690

    DHULIA
    Soyoil refined                                 746            748
  
    KHAMGAON
    Soyoil refined 
                                                747            748
    JALNA
    Soyoil refined 
                                                   744            746
    NANDED
    Soyoil refined                                 730            733
   
    Soyoil refined prices at other places in Maharashtra : Latur - 730, 
    Khamgaon – 742, Washim – 748, Solapur – 748, Sangli – 747.

    (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)                  31,100-31,500    31,100-31,500
      
    Soymeal prices at other places in Maharashtra : Akola – 31,500, 
    Washim – 31,900, Dhulia – 32,500, Hingoli – 32,300, Jalna – 32,800,
    Nandurbar – 32,300, Khamgaon – 31,000, Latur – 32,500, Nanded – 33,100,
    Solapur – 32,600, Dharwad – 32,600, Sangli – 32,600

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.

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