November 22, 2019 / 8:48 AM / 16 days ago

Nagpur Soybean, Soyoil, Soymeal Open- November 22, 2019

Nagpur, Nov 22 (Reuters) – The prices of castor and coconut KP oils today tumble in the Vidarbha
region of Western Maharashtra largely in tandem with weakening prices in producing belts.
Trading sentiment turned bearish after release of stock from stockists. Trading activity in
other edible oils reported weak as no trader was in mood for any commitment because of downward
trend in American soya digam prices. Continuous fall in soyabean oil on NCDEX also affected
sentiment, sources said Friday.
.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed 
    and rapeseed oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor. 
                                         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on increased demand from local crushing plants amid tight supply 
  from producing belts. Healthy rise in Madhya Pradesh soyabean prices and reported 
  demand from South-based plants also boosted prices here.  
    About 3,000 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    32,000-38,200       31,500-37,900         --
    (Available price)
    Market delivery    32,100-38,300       31,600-38,000          --
    (Traders price)
    Plant delivery     38,200-38,700       38,200-38,700          --

    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 – 38,800, 
    Hingoli – 38,600, Jalna – 37,100, Nandurbar – 38,800, 
    Latur – 39,000, Nanded – 38,400, Solapur – 38,600, 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         795            795
    Soyoil solvent crushing plant delivery         755            755    
    Cottonseed refined                             780            780
    Cottonseed solvent                             740            740
    Groundnut oil – loose (10 kg)                  1,260          1,260
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  970            970
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,440          1,430
    Castor oil (for 15 kg)                         1,650          1,680
    Coconut KP oil (for 15 kg)                     3,000          3,020

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

    AKOLA
    Soyoil refined                                 798            798
    Soyoil Solvent                                 756            756        
    Cottonseed refined oil                         785          785 
    Cottonseed solvent                             745            745

    DHULIA
    Soyoil refined                                 794            794
  
    KHAMGAON
    Soyoil refined 
                                                799            799
    JALNA
    Soyoil refined 
                                                   792            792
    NANDED
    Soyoil refined                                 780            780
   
    Soyoil refined prices at other places in Maharashtra : Latur - 800, 
    Washim – 790, Solapur – 785, 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 – 32,000, 
    Washim – 33,000, Dhulia – 33,800, Hingoli – 34,000, Jalna – 33,800,
    Nandurbar – 34,300, Khamgaon – 31,500, Latur – 34,200, Nanded – 33,000,
    Solapur – 33,700, Dharwad – 34,000, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 31.8 degree Celsius, minimum temp. 14.8 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 32 degree
Celsius and 15 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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