November 13, 2019 / 8:45 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- November 13, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 13, 2019

Nagpur, Nov 13 (Reuters) – In range-bound trade, soyabean oil prices moved down at the Vidarbha
region of Western Maharashtra today largely on reduced offtake amid weak global trend. Sentiment
turned bearish after Malaysian palm oil and American soya digam reported downward trend. Sharp
fall on NCDEX in soyabean oil in last two sessions and easy condition in Madhya Pradesh soyabean
oil also affected sentiment, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
  castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect downward trend in soyabean oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady but demand was poor. Fresh fall in international 
   soymeal prices also affected sentiment in thin trading activity.
                                         
   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on lack of demand from local crushing plants amid high moisture 
  content arrivla. Fresh fall in soyabean oil, no takers to soymeal, downward trend on 
  NCDEX and release of stock from stockists also pushed down prices.  
    About 4,500 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    31,000-38,500       31,300-38,200         --
    (Available price)
    Market delivery    31,100-38,600       31,400-38,300          --
    (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 – 39,300, 
    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         799            802
    Soyoil solvent crushing plant delivery         759            762    
    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                                 802            805
    Soyoil Solvent                                 762            764
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 801            803
    Soyoil Solvent                                 761            765        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 801            804
  
    KHAMGAON
    Soyoil refined 
                                                800            802
    JALNA
    Soyoil refined 
                                                   798            800
    NANDED
    Soyoil refined                                 802            803
   
    Soyoil refined prices at other places in Maharashtra : Latur - 801, 
    Washim – 805, Solapur – 800, Sangli – 803.

    (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. 31.7 degree Celsius, minimum temp. 14.5 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 31 degree
Celsius and 16 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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