October 16, 2019 / 9:22 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- October 16, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 16, 2018

Nagpur, Oct 16 (Reuters) – Soyabean oil prices today recovered in Vidarbha region of Western
Maharashtra on increased festival season demand from local traders. Fresh hike in international
edible oil and increased demand from South-based traders also helped to push up prices, sources
said Wednesday.


                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, 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 soyabean oil here.   
    
   SOYMEAL
  * Soymeal prices today declined further here on lack of demand from South-based 
    traders. Weak trend in international soymeal prices also affected sentiment. 
                                         
   SOYABEAN
  * Soyabean prices showed weak tendency in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Fresh fall in soymeal,
    high moisture content arrival and weak trend in Madhya Pradesh
    soyabean prices also affected prices here in thin trading acitivity. 
    About 3,500 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    27,700-34,000       28,000-34,400         --
    (Available price)
    Market delivery    27,800-34,100       28,100-34,500          --
    (Traders price)
    Plant delivery     36,300-36,600       36,500-36,800          --

    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 – 37,000, Washim – 37,000, Khamgaon – 36,750, Dhulia – 37,000, 
    Hingoli – 36,900, Jalna – 36,500, Nandurbar – 36,800, 
    Latur – 36,900, Nanded – 36,500, Solapur – 35,800, Sangli – 35,500.
        
    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         758            755
    Soyoil solvent crushing plant delivery         718            725    
    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)                         1,730          1,730
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 763            760
    Soyoil Solvent                                 723            720
    Cottonseed refined                             798            798
    Cottonseed solvent                             758            758

    AKOLA
    Soyoil refined                                 762            760
    Soyoil Solvent                                 722            720        
    Cottonseed refined oil                         795          795 
    Cottonseed solvent                             755            755

    DHULIA
    Soyoil refined                                 761            758
  
    KHAMGAON
    Soyoil refined 
                                                760            758
    JALNA
    Soyoil refined 
                                                   765            762
    NANDED
    Soyoil refined                                 742            740
   
    Soyoil refined prices at other places in Maharashtra : Latur - 748, 
    Khamgaon – 756, Washim – 754, 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)                  35,000-35,500    35,300-35,800
      
    Soymeal prices at other places in Maharashtra : Akola – 36,500, 
    Washim – 33,300, Dhulia – 35,700, Hingoli – 36,000, Jalna – 35,000,
    Nandurbar – 35,700, Khamgaon – 32,300, Latur – 34,000, Nanded – 33,800,
    Solapur – 35,100, Dharwad – 34,800, Sangli – 34,000

WEATHER (NAGPUR)  
Maximum temp. 33.3 degree Celsius, minimum temp. 19.8 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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