October 1, 2019 / 8:57 AM / 19 days ago

Nagpur Soybean, Soyoil, Soymeal Open- October 01, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 1, 2019

Nagpur, Oct 1 (Reuters) – Steady condition persisted in edible oils in the Vidarbha region of
Western Maharashtra today as prices moved in a tight range in lackluster trading ad settled
around previous closing. Arrivals and offtake too remained at a low ebb and business volume
remained weak. Trading activity in major edible oils reported weak because of fresh hike
international oils, sources said Tuesday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here.  
    
   SOYMEAL
  * Soymeal prices today zoomed up again here on increased demand from South-based 
    traders. Healthy rise in international soymeal prices also boosted sentiment. 
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on increased demand from local crushing plants amid weak supply from 
    producing regions. Sharp rise in soymeal in last two sessions, good recovery on NCDEX 
    and reported demand from South-based plants also jacked up prices. 
    About 150 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    35,500-38,300       35,500-38,100         --
    (Available price)
    Market delivery    35,600-38,400       35,600-38,200          --
    (Traders price)
    Plant delivery     40,200-40,500       40,200-40,500          --

    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 – 40,700, Washim – 40,900, Khamgaon – 40,200, Dhulia – 40,600, 
    Hingoli – 41,700, Jalna – 40,500, Nandurbar – 40,900, 
    Latur – 41,800, Nanded – 41,800, Solapur – 42,000, Sangli – 41,300.
        
    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         765            765
    Soyoil solvent crushing plant delivery         725            725    
    Cottonseed refined                             771            771
    Cottonseed solvent                             731            731
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  930            930
    Linseed oil (10 kg)                            870            870
    Rapeseed oil (for 15 kg)                       1,310          1,320
    Castor oil (for 15 kg)                         1,860          1,860
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 768            768
    Soyoil Solvent                                 728            728
    Cottonseed refined                             805            805
    Cottonseed solvent                             765            765

    AKOLA
    Soyoil refined                                 768            768
    Soyoil Solvent                                 728            728        
    Cottonseed refined oil                         805          805 
    Cottonseed solvent                             765            765

    DHULIA
    Soyoil refined                                 765            765
  
    KHAMGAON
    Soyoil refined 
                                                766            768
    JALNA
    Soyoil refined 
                                                   764            764
    NANDED
    Soyoil refined                                 748            748
   
    Soyoil refined prices at other places in Maharashtra : Latur - 762, 
    Khamgaon – 765, Washim – 758, Solapur – 765, Sangli – 767.

    (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)                  36,500-37,000    36,000-36,500
      
    Soymeal prices at other places in Maharashtra : Akola – 37,200, 
    Washim – 37,300, Dhulia – 38,000, Hingoli – 37,700, Jalna – 37,700,
    Nandurbar – 38,000, Khamgaon – 37,000, Latur – 38,000, Nanded – 38,000,
    Solapur – 38,100, Dharwad – 38,300, Sangli – 37,500

WEATHER (NAGPUR)  
Maximum temp. 32.8 degree Celsius, minimum temp. 22.2 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 33 degree Celsius and 24 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Wednesday, on the occasion of Gandhi Jayanti.

  
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