November 18, 2019 / 8:15 AM / 18 days ago

Nagpur Soybean, Soyoil, Soymeal Open- November 18, 2019

Nagpur, Nov 18 (Reuters) – Soyabean oil today declined in Vidarbha region of Western Maharashtra
on stockists selling, driven by higher imports amid downward trend on NCDEX. Fall in demand from
millers and retailers also put pressure on soyabean oil. Besides, sufficient stocks and easy
condition in Madhya Pradesh soyabean oil also affected sentiment in thin trading activity,
sources said Monday.

                       *****
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 further fall in soyabean oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor.
                                         
   SOYABEAN
  * Soyabean prices showed weak tendency 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, no takers to soymeal and downward trend 
  in Madhya Pradesh soyabean prices also affected sentiment.  
    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    28,000-37,300       28,000-37,500         --
    (Available price)
    Market delivery    28,100-37,400       28,100-37,600          --
    (Traders price)
    Plant delivery     37,900-38,300       37,900-38,300          --

    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 – 38,800, 
    Latur – 38,300, Nanded – 37,700, Solapur – 38,000, 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         791            793
    Soyoil solvent crushing plant delivery         751            753    
    Cottonseed refined                             790            790
    Cottonseed solvent                             750            750
    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)                       1,410          1,410
    Castor oil (for 15 kg)                         1,660          1,660
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 794            796
    Soyoil Solvent                                 754            756
    Cottonseed refined                             790            790
    Cottonseed solvent                             750            750

    AKOLA
    Soyoil refined                                 793            795
    Soyoil Solvent                                 753            755        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             750            750

    DHULIA
    Soyoil refined                                 794            796
  
    KHAMGAON
    Soyoil refined 
                                                799            801
    JALNA
    Soyoil refined 
                                                   793            797
    NANDED
    Soyoil refined                                 793            795
   
    Soyoil refined prices at other places in Maharashtra : Latur - 798, 
    Washim – 790, Solapur – 796, Sangli – 799.

    (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)                  32,500-33,000    32,500-33,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,800, 
    Washim – 32,200, Dhulia – 34,000, Hingoli – 33,500, Jalna – 33,800,
    Nandurbar – 33,800, Khamgaon – 31,600, Latur – 33,700, Nanded – 33,000,
    Solapur – 33,700, Dharwad – 34,300, Sangli – 33,700

WEATHER (NAGPUR)  
Maximum temp. 31.1 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)

        *    *     *    *    *    

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below