November 6, 2019 / 8:31 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- November 06, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 6, 2018

Nagpur, Nov 6 (Reuters) – Soyabean oil prices declined sharply 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 fresh fall in Malaysian
palm oil. Trading activity in other edible reported weak as no trader was in mood for any
commitment because of sharp fall on NCDEX, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, 
    castor and coconut KP oil ruled steady here in limited trading activity.  
  * Traders expect fresh fall in soyabean oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor.
                                         
   SOYABEAN
  * Soyabean prices reported weak in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on lack of demand from local crushing plants amid high moisture 
  content arrival. Fresh fall in soyabean oil, weak trend on NCDEX and downward trend 
  in Madhya Pradesh soyabean prices also affected sentiment.  
    About 7,000 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    31,000-38,000       30,500-38,200         --
    (Available price)
    Market delivery    31,100-38,100       30,600-38,300          --
    (Traders price)
    Plant delivery     38,000-38,500       38,000-38,750          --

    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 – 39,000, Washim – 38,500, Khamgaon – 39,000, Dhulia – 39,600, 
    Hingoli – 39,200, Jalna – 38,500, Nandurbar – 39,300, 
    Latur – 39,000, Nanded – 38,600, Solapur – 38,800, Sangli – 39,500.
        
    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.             2,100-2,300
    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         786            790
    Soyoil solvent crushing plant delivery         746            750    
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760
    Groundnut oil – loose (10 kg)                  1,250          1,250
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  940            940
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,680          1,680
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 785            789
    Soyoil Solvent                                 745            748
    Cottonseed refined                             798            798
    Cottonseed solvent                             758            758

    AKOLA
    Soyoil refined                                 785            789
    Soyoil Solvent                                 745            749        
    Cottonseed refined oil                         798          798 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 788            790
  
    KHAMGAON
    Soyoil refined 
                                                779            772
    JALNA
    Soyoil refined 
                                                   786            792
    NANDED
    Soyoil refined                                 778            781
   
    Soyoil refined prices at other places in Maharashtra : Latur - 778, 
    Khamgaon – 790, Washim – 786, Solapur – 778, Sangli – 790.

    (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)                  33,500-34,000    33,500-34,000
      
    Soymeal prices at other places in Maharashtra : Akola – 33,500, 
    Washim – 34,000, Dhulia – 35,500, Hingoli – 34,800, Jalna – 35,000,
    Nandurbar – 35,500, Khamgaon – 33,000, Latur – 35,800, Nanded – 35,000,
    Solapur – 34,500, Dharwad – 34,900, Sangli – 34,300

WEATHER (NAGPUR)  
Maximum temp. 33.2 degree Celsius, minimum temp. 19.9 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with few spells of rains or thunder-showers. Maximum and minimum
temperature likely to be around 33 degree Celsius and 20 degree Celsius respectively.

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

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