October 4, 2019 / 9:38 AM / 12 days ago

Nagpur Soybean, Soyoil, Soymeal Open- October 04, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 4, 2018

Nagpur, Oct 4 (Reuters) – Sunflower oil in edible section and linseed, rapeseed & castor oil in
non-edible section, declined sharply in Vidarbha region of Western Maharashtra today on
persistent selling by stockists amid good supply from producing regions and weak trends in
Madhya Pradesh oils. Sentiment turned bearish because of release of stock from stockists.
Trading activity in other edible reported weak as no trader was in mood for any commitment
because of healthy rise in international edible oil prices, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, cottonseed, groundnut loose, groundnut refined and coconut KP oil ruled 
    steady here in thin trading activity.  
  * Traders expect weak trend in non-edible oils here.  
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Weak trend in
    international soymeal prices also affected sentiment. 
                                         
   SOYABEAN
  * Soyabean prices reported a fresh fall in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants amid high moisture 
    content arrival. No takers to soyabean oil & soymeal, easy condition in Madhya 
    Pradesh soyabean prices and release of stock from stockists also affected prices. 
    About 200 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    35,000-37,600       35,500-38,000         --
    (Available price)
    Market delivery    35,100-37,700       35,600-38,100          --
    (Traders price)
    Plant delivery     39,200-39,500       39,600-40,000          --

    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 – 39,700, Washim – 39,900, Khamgaon – 39,200, Dhulia – 39,600, 
    Hingoli – 39,800, Jalna – 39,500, Nandurbar – 39,900, 
    Latur – 38,800, Nanded – 39,200, Solapur – 38,700, 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            768
    Cottonseed solvent                             728            728
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  920            930
    Linseed oil (10 kg)                            860            870
    Rapeseed oil (for 15 kg)                       1,300          1,310
    Castor oil (for 15 kg)                         1,840          1,860
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 768            768
    Soyoil Solvent                                 728            728
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 768            768
    Soyoil Solvent                                 728            728        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 763            763
  
    KHAMGAON
    Soyoil refined 
                                                766            768
    JALNA
    Soyoil refined 
                                                   760            760
    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 – 36,800, Dhulia – 37,500, Hingoli – 37,700, Jalna – 37,700,
    Nandurbar – 37,500, Khamgaon – 36,500, Latur – 37,000, Nanded – 37,800,
    Solapur – 37,100, Dharwad – 36,000, Sangli – 36,800

WEATHER (NAGPUR)  
Maximum temp. 33.8 degree Celsius, minimum temp. 22.2 degree Celsius 
Rainfall : 0.9 mm
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 33 degree Celsius and 23 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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