October 11, 2019 / 8:37 AM / 7 days ago

Nagpur Soybean, Soyoil, Soymeal Open- October 11, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 11, 2018

Nagpur, Oct 11 (Reuters) – In range-bound trade, soyabean oil prices moved down at the Vidarbha
region of Western Maharashtra today largely on reduced offtake amid weak trend in producing
belts. Sentiment turned bearish because of fresh fall on NCDEX in soyabean oil. Easy condition
in Madhya Pradesh edible oils also affected sentiment in thin trading activity, according to
sources.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed,
    rapeseed, castor and coconut KP oil ruled steady here in limited deals.  
  * Traders expect downward trend in soyabean oil here.  
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor in limited deals. 
                                         
   SOYABEAN
  * Soyabean prices recovered in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good buying support from local crushing plants amid weak supply 
    from producing regions. Good rise on NCDEX and upward trend in Madhya Pradesh 
    soyabean prices also helped to push up prices here.  
    About 1,200 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    28,000-35,500       28,000-35,000         --
    (Available price)
    Market delivery    28,100-35,600       28,100-35,100          --
    (Traders price)
    Plant delivery     37,500-38,000       37,500-38,000          --

    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 – 38,000, Washim – 37,000, Khamgaon – 37,900, Dhulia – 38,800, 
    Hingoli – 37,500, Jalna – 37,800, Nandurbar – 37,900, 
    Latur – 37,500, Nanded – 37,500, Solapur – 37,500, Sangli – 39,000.
        
    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         764            764
    Soyoil solvent crushing plant delivery         724            724    
    Cottonseed refined                             770            770
    Cottonseed solvent                             730            730
    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)                            850            850
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,770          1,770
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 766            768
    Soyoil Solvent                                 726            728
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 766            768
    Soyoil Solvent                                 726            728        
    Cottonseed refined oil                         802          802 
    Cottonseed solvent                             762            762

    DHULIA
    Soyoil refined                                 756            760
  
    KHAMGAON
    Soyoil refined 
                                                761            764
    JALNA
    Soyoil refined 
                                                   760            763
    NANDED
    Soyoil refined                                 746            749
   
    Soyoil refined prices at other places in Maharashtra : Latur - 747, 
    Khamgaon – 761, Washim – 756, Solapur – 760, Sangli – 761.

    (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)                  36,000-36,500    36,000-36,500
      
    Soymeal prices at other places in Maharashtra : Akola – 36,800, 
    Washim – 36,800, Dhulia – 36,700, Hingoli – 36,700, Jalna – 35,500,
    Nandurbar – 36,100, Khamgaon – 34,200, Latur – 35,000, Nanded – 35,000,
    Solapur – 36,100, Dharwad – 36,000, Sangli – 34,500

WEATHER (NAGPUR)  
Maximum temp. 33.8 degree Celsius, minimum temp. 21.3 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. 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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