November 12, 2019 / 8:08 AM / 24 days ago

Nagpur Soybean, Soyoil, Soymeal Open- November 12, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 12, 2019

Nagpur, Nov 12 (Reuters) – Major edible and non-edible oils today ruled steady in Vidarbha
regions of Westersn Maharashtra on lack of demand from local traders. Major oil markets closure
on the occasion of Gurunanak Jayanti affected trading activity. Easy condition in international
edible oils also affected sentiment in limited trading activity, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
  castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils.   
    
   SOYMEAL
 * Soymeal prices today quoted static here on subdued demand from South-based traders. 
  Fresh fall in international soymeal prices also affected sentiment in weak trading 
  activity.
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on increased buying support from local crushing plants amid tight 
  supply from producing regions. Fresh rise in Madhya Pradesh soyabean prices and 
  repeated enquiries from South-based plants also helped to push up prices here.  
    About 6,500 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    31,500-38,500       31,000-38,200         --
    (Available price)
    Market delivery    31,600-38,600       31,100-38,300          --
    (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 – 38,300, Washim – 38,500, Khamgaon – 38,600, Dhulia – 39,200, 
    Hingoli – 39,000, Jalna – 37,100, Nandurbar – 39,300, 
    Latur – 39,100, Nanded – 38,600, Solapur – 39,200, 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         800            800
    Soyoil solvent crushing plant delivery         760            760    
    Cottonseed refined                             795            795
    Cottonseed solvent                             755            755
    Groundnut oil – loose (10 kg)                  1,260          1,260
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  950            950
    Linseed oil (10 kg)                            860            860
    Rapeseed oil (for 15 kg)                       1,390          1,390
    Castor oil (for 15 kg)                         1,650          1,650
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 805            805
    Soyoil Solvent                                 762            762
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 805            805
    Soyoil Solvent                                 765            765        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 804            804
  
    KHAMGAON
    Soyoil refined 
                                                802            802
    JALNA
    Soyoil refined 
                                                   800            800
    NANDED
    Soyoil refined                                 802            802
   
    Soyoil refined prices at other places in Maharashtra : Latur - 803, 
    Washim – 807, Solapur – 802, Sangli – 805.

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

WEATHER (NAGPUR)  
Maximum temp. 31.5 degree Celsius, minimum temp. 16.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 32 degree
Celsius and 17 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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