November 26, 2019 / 8:55 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- November 26, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 26, 2018

Nagpur, Nov 26 (Reuters) – There was negligible change in the edible oil pattern of trading in
the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence
of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major
oil prices unaltered. No trader was in mood for any commitment because of weak trend in
Malaysian palm oil, downward trend on NCDEX and easy condition in Madhya Pradesh soyabean oil,
according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP 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. Fresh fall in 
   international soymeal prices also affected sentiment.
                                         
   SOYABEAN
  * Soyabean prices reported strong in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on good buying support from local crushing plants amid tight supply 
  from producing regions. Healthy rise in Madhya Pradesh soyabean prices and reported 
  demand from South-based plants also boosted prices here. 
    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    33,000-39,000       32,500-38,400         --
    (Available price)
    Market delivery    33,100-39,100       32,600-38,500          --
    (Traders price)
    Plant delivery     38,700-39,300       38,500-39,250          --

    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 – 39,100, Washim – 39,200, Khamgaon – 39,000, Dhulia – 39,900, 
    Hingoli – 39,200, Jalna – 37,100, Nandurbar – 38,800, 
    Latur – 39,100, Nanded – 39,000, Solapur – 39,500, Sangli – 38,900.
        
    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         802            802
    Soyoil solvent crushing plant delivery         762            762    
    Cottonseed refined                             785            785
    Cottonseed solvent                             745            745
    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)                            880            870
    Rapeseed oil (for 15 kg)                       1,440          1,440
    Castor oil (for 15 kg)                         1,600          1,600
    Coconut KP oil (for 15 kg)                     2,970          3,000

    AMRAVATI
    Soyoil refined                                 805            805
    Soyoil Solvent                                 765            765
    Cottonseed refined                             790            790
    Cottonseed solvent                             750            750

    AKOLA
    Soyoil refined                                 805            805
    Soyoil Solvent                                 760            760        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             750            750

    DHULIA
    Soyoil refined                                 800            800
  
    KHAMGAON
    Soyoil refined 
                                                805            805
    JALNA
    Soyoil refined 
                                                   800            800
    NANDED
    Soyoil refined                                 790            790
   
    Soyoil refined prices at other places in Maharashtra : Latur - 805, 
    Washim – 795, Solapur – 793, 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)                  32,500-33,000    32,500-33,000
      
    Soymeal prices at other places in Maharashtra : Akola – 32,000, 
    Washim – 33,000, Dhulia – 34,300, Hingoli – 33,500, Jalna – 33,800,
    Nandurbar – 33,800, Khamgaon – 31,500, Latur – 34,200, Nanded – 33,300,
    Solapur – 33,700, Dharwad – 34,200, Sangli – 33,500

WEATHER (NAGPUR)  
Maximum temp. 31.8 degree Celsius, minimum temp. 14.2 degree Celsius 
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature likely to be around 32 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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