March 7, 2019 / 8:20 AM / 15 days ago

Nagpur Soybean, Soyoil, Soymeal Open- March 7, 2019

Nagpur Soybean, Soyoil, Soymeal Open-March 7, 2019

Nagpur, Mar 7 (Reuters) – The slide in soyabean and cottonseed 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 and
downward trend in Madhya Pradesh edible oil prices also affected sentiment, according to
sources.
 

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut oil, Groundnut refined, Sunflower refined, Linseed, Rapeseed, Castor and 
    Coconut KP oil ruled steady here in limited deals.  
  * Traders expect downward trend in soyabean oil prices here. 
    
   SOYMEAL
  * Soymeal prices today quoted static here but demand was poor. Continuous fall in 
    overseas soymeal prices also affected morale of crushing plants.    
     
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak supply 
    from producing regions. Healthy rise in Madhya Pradesh soyabean prices and reported 
    demand from South-based plants also helped to push up prices here. 
    About 700 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    33,500-37,500       33,000-37,500         --
    (Available price)
    Market delivery    33,600-37,600       33,100-37,600          --
    (Traders price)
    Plant delivery     37,400-37,700       37,400-37,700          --

    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 – 38,700, Jalna – 37,200, Nandurbar – 37,200, 
    Latur – 38,700, Nanded – 38,700, Solapur – 38,900, 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         767            769
    Soyoil solvent crushing plant delivery         727            729    
    Cottonseed refined                             735            740
    Cottonseed solvent                             695            700
    Groundnut oil – loose (10 kg)                  1,090          1,090
    Groundnut oil refined (15 Litre)               1,650          1,650
    Sunflower oil refined (10 kg)                  920            920
    Linseed oil (10 kg)                            900            900
    Rapeseed oil (for 15 kg)                       1,370          1,370
    Castor oil (for 15 kg)                         1,770          1,770
    Coconut KP oil (for 15 kg)                     3,200          3,200

    AMRAVATI
    Soyoil refined                                 770            772
    Soyoil Solvent                                 730            732
    Cottonseed refined                             735            740
    Cottonseed solvent                             695            705

    AKOLA
    Soyoil refined                                 769            772
    Soyoil Solvent                                 730            732        
    Cottonseed refined oil                         735          740 
    Cottonseed solvent                             695            700

    DHULIA
    Soyoil refined                                 777            779
  
    KHAMGAON
    Soyoil refined 
                                                776            778
    JALNA
    Soyoil refined 
                                                   778            779
    NANDED
    Soyoil refined                                 755            757
   
    Soyoil refined prices at other places in Maharashtra : Latur - 769, 
    Khamgaon – 768, Washim – 776, Solapur – 774, Sangli – 776.

    (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 – 31,000, 
    Washim – 30,900, Dhulia – 31,800, Hingoli – 32,100, Jalna – 31,900,
    Nandurbar – 31,900, Khamgaon – 31,300, Latur – 32,000, Nanded – 32,500,
    Solapur – 32,100, Dharwad – 31,900, Sangli – 32,300

WEATHER (NAGPUR)  
Maximum temp. 33.0 degree Celsius, minimum temp. 14.7 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 33 degree
Celsius and 15 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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