October 14, 2019 / 9:58 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- October 14, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 14, 2018

Nagpur, Oct 14 (Reuters) – Soyabean oil today declined in Vidarbha region of Western Maharashtra
on lack of demand from local traders. Fresh fall in international edible oil, easy condition on
NCDEX and fresh fall in Madhya Pradesh soyabean oil prices also affected sentiment, sources said
Monday.


                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed,
    rapeseed and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here.  
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. Easy condition in
     international soymeal prices also affected sentiment. 
                                         
   SOYABEAN
  * Soyabean prices reported down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on poor demand from local crushing plants amid high moisture 
    content arrival. Fresh fall in soyabean oil, weak trend on NCDEX and easy condition 
    in Madhya Pradesh soyabean prices also affected sentiment. 
    About 2,500 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    29,000-35,000       29,000-35,300         --
    (Available price)
    Market delivery    29,100-35,100       29,100-35,400          --
    (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 – 37,800, Jalna – 37,800, Nandurbar – 37,900, 
    Latur – 37,800, Nanded – 37,800, Solapur – 37,800, 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         761            764
    Soyoil solvent crushing plant delivery         721            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)                         1,760          1,760
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 762            766
    Soyoil Solvent                                 722            726
    Cottonseed refined                             800            800
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 762            766
    Soyoil Solvent                                 722            726        
    Cottonseed refined oil                         802          802 
    Cottonseed solvent                             762            762

    DHULIA
    Soyoil refined                                 752            756
  
    KHAMGAON
    Soyoil refined 
                                                758            761
    JALNA
    Soyoil refined 
                                                   758            760
    NANDED
    Soyoil refined                                 744            746
   
    Soyoil refined prices at other places in Maharashtra : Latur - 743, 
    Khamgaon – 757, Washim – 752, Solapur – 757, Sangli – 759.

    (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)                  35,800-36,300    35,800-36,300
      
    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. 33.4 degree Celsius, minimum temp. 19.7 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature likely to be around 33 degree
Celsius and 20 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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