November 28, 2019 / 11:03 AM / 9 days ago

Nagpur Soybean, Soyoil, Soymeal Open- November 28, 2019

Nagpur Soybean, Soyoil, Soymeal Open-November 28, 2018

    Nagpur, Nov 28 (Reuters) – The slide in soyabean oil prices continued unabated in Vidarbha
region of Western Maharashtra for second day today on persistent selling by stockists amid good
supply from producing regions and weak trends in overseas markets. Sentiment turned bearish as
Malaysian palm oil reported down. 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
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders weak trend in soyabean oil here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here on subdued demand from local traders.
   Downward trend in international soymeal prices also affected sentiment in weak 
   trading activity.
                                         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on poor demand from local crushing plants amid high moisture 
  content arrival. Sharp fall in soyabean oil, no takers to soymeal, weak trend on 
  NCDEX and downward trend in Madhya Pradesh soyabean prices also pulled down 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       32,000-38,600         --
    (Available price)
    Market delivery    32,100-38,300       32,100-38,700          --
    (Traders price)
    Plant delivery     38,500-39,000       38,500-39,000          --

    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 – 40,000, 
    Hingoli – 39,200, Jalna – 37,100, Nandurbar – 38,800, 
    Latur – 39,200, 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            805
    Soyoil solvent crushing plant delivery         762            764    
    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                                 803            805
    Soyoil Solvent                                 763            765
    Cottonseed refined                             790            790
    Cottonseed solvent                             750            750

    AKOLA
    Soyoil refined                                 800            803
    Soyoil Solvent                                 760            762        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             750            750

    DHULIA
    Soyoil refined                                 799            803
  
    KHAMGAON
    Soyoil refined 
                                                802            805
    JALNA
    Soyoil refined 
                                                   797            800
    NANDED
    Soyoil refined                                 795            796
   
    Soyoil refined prices at other places in Maharashtra : Latur - 801, 
    Washim – 791, Solapur – 791, Sangli – 800.

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

WEATHER (NAGPUR)  
Maximum temp. 31.8 degree Celsius, minimum temp. 14.7 degree Celsius 
Rainfall : Nil
FORECAST: Parly cloudy 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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