October 3, 2019 / 8:16 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- October 03, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 3, 2018

Nagpur, Oct 3 (Reuters) – Barring a fall in cottonseed oil, major edible oil prices today
generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any
worthwhile trading activity. Slackness in demand from millers and retailers against adequate
stocks mainly pulled cottonseed oil prices down. Good hike in international edible oil prices
also affected sentiment, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect further fall in cottonseed oil here.  
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Easy condition in
    international soymeal prices also affected sentiment. 
                                         
   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants. Weak trend on NCDEX, easy 
    condition in Madhya Pradesh soyabean prices and no takers to soyabean oil & soymeal 
    also affected sentiment in limited deals. 
    About 100 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    36,000-38,000       36,000-38,300         --
    (Available price)
    Market delivery    36,100-38,100       36,100-38,400          --
    (Traders price)
    Plant delivery     39,600-40,000       40,000-40,300          --

    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 – 39,700, Washim – 39,900, Khamgaon – 39,200, Dhulia – 39,600, 
    Hingoli – 39,800, Jalna – 39,500, Nandurbar – 39,900, 
    Latur – 39,900, Nanded – 39,900, Solapur – 39,900, Sangli – 40,000.
        
    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                             768            771
    Cottonseed solvent                             728            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          1,310
    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                             800            805
    Cottonseed solvent                             760            765

    AKOLA
    Soyoil refined                                 768            768
    Soyoil Solvent                                 728            728        
    Cottonseed refined oil                         800          805 
    Cottonseed solvent                             760            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 - 750, 
    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    36,500-37,000
      
    Soymeal prices at other places in Maharashtra : Akola – 37,200, 
    Washim – 37,300, Dhulia – 37,800, Hingoli – 37,700, Jalna – 37,700,
    Nandurbar – 38,000, Khamgaon – 37,000, Latur – 37,500, Nanded – 38,000,
    Solapur – 38,100, Dharwad – 38,300, Sangli – 37,500

WEATHER (NAGPUR)  
Maximum temp. 33.1 degree Celsius, minimum temp. 22.3 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 22 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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