November 7, 2019 / 8:18 AM / 2 months ago

Nagpur Soybean, Soyoil, Soymeal Open- November 07, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 7, 2018

Nagpur, Nov 7 (Reuters) – Barring a fall in soyabean oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled soyabean oil prices down. Easy condition in Malaysian palm oil prices also
affected sentiment, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, groundnut refined, sunflower refined, linseed, 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 lack of demand from local traders.
                                         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on poor demand from local crushing plants amid high moisture 
  content arrival. Continuous fall in soyabean oil, weak trend on NCDEX and downward 
  trend in Madhya Pradesh soyabean prices also pulled down prices.  
    About 5,000 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    30,000-36,700       30,500-37,200         --
    (Available price)
    Market delivery    30,100-36,800       30,600-37,300          --
    (Traders price)
    Plant delivery     38,000-38,500       38,000-38,500          --

    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 – 39,000, Washim – 38,500, Khamgaon – 38,600, Dhulia – 39,500, 
    Hingoli – 38,800, Jalna – 37,100, Nandurbar – 39,300, 
    Latur – 38,800, Nanded – 38,200, Solapur – 39,000, Sangli – 38,500.
        
    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         784            787
    Soyoil solvent crushing plant delivery         744            747    
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760
    Groundnut oil – loose (10 kg)                  1,260          1,260
    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)                         1,650          1,650
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 783            785
    Soyoil Solvent                                 743            745
    Cottonseed refined                             798            798
    Cottonseed solvent                             758            758

    AKOLA
    Soyoil refined                                 783            785
    Soyoil Solvent                                 743            745        
    Cottonseed refined oil                         798          798 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 788            790
  
    KHAMGAON
    Soyoil refined 
                                                776            777
    JALNA
    Soyoil refined 
                                                   784            786
    NANDED
    Soyoil refined                                 776            779
   
    Soyoil refined prices at other places in Maharashtra : Latur - 776, 
    Khamgaon – 788, Washim – 784, Solapur – 776, Sangli – 782.

    (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)                  33,000-33,500    33,500-34,000
      
    Soymeal prices at other places in Maharashtra : Akola – 33,000, 
    Washim – 33,300, Dhulia – 34,200, Hingoli – 34,800, Jalna – 34,500,
    Nandurbar – 35,200, Khamgaon – 32,200, Latur – 34,200, Nanded – 34,500,
    Solapur – 34,700, Dharwad – 34,900, Sangli – 34,000

WEATHER (NAGPUR)  
Maximum temp. 33.3 degree Celsius, minimum temp. 20.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 33 degree Celsius and 21 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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