November 14, 2019 / 9:17 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- November 14, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 14, 2019

Nagpur, Nov 14 (Reuters) – Soyabean and cottonseed oil prices dipped up at the Vidarbha region
of Western Maharashtra today on considerable fall in demand at prevailing levels, amid weak
trends in overseas markets. Sentiment turned weak as American soya digam reported weak. Sharp
fall on NCDEX in soyabean oil and downward trend in Madhya Pradesh edible oil prices also
affected sentiment, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, castor and coconut KP 
    oil ruled steady here in thin trading activity.  
  * Traders expect further fall in soyabean and cottonseed oil prices here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady but demand was poor in limited deals.
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on poor demand from local crushing plants amid high moisture 
  content arrivla. Continuous fall in soyabean oil, no takers to soymeal since past 
  three sessions and weak trend on NCDEX also affected prices in thin trading activity.  
    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    31,000-38,400       31,300-38,500         --
    (Available price)
    Market delivery    31,100-38,500       31,400-38,600          --
    (Traders price)
    Plant delivery     37,900-38,300       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 – 38,500, 
    Hingoli – 38,300, Jalna – 37,100, Nandurbar – 38,300, 
    Latur – 38,300, Nanded – 37,700, Solapur – 38,300, 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         796            799
    Soyoil solvent crushing plant delivery         756            759    
    Cottonseed refined                             790            795
    Cottonseed solvent                             750            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                                 798            802
    Soyoil Solvent                                 758            761
    Cottonseed refined                             795            800
    Cottonseed solvent                             755            760

    AKOLA
    Soyoil refined                                 797            800
    Soyoil Solvent                                 757            759        
    Cottonseed refined oil                         795          800 
    Cottonseed solvent                             755            760

    DHULIA
    Soyoil refined                                 800            802
  
    KHAMGAON
    Soyoil refined 
                                                798            800
    JALNA
    Soyoil refined 
                                                   795            801
    NANDED
    Soyoil refined                                 790            795
   
    Soyoil refined prices at other places in Maharashtra : Latur - 800, 
    Washim – 803, Solapur – 798, Sangli – 801.

    (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 – 34,500, Jalna – 34,000,
    Nandurbar – 34,200, Khamgaon – 32,000, Latur – 34,000, Nanded – 33,500,
    Solapur – 34,700, Dharwad – 34,500, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 30.4 degree Celsius, minimum temp. 14.4 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 30 degree
Celsius and 14 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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