October 22, 2019 / 8:19 AM / 3 months ago

Nagpur Soybean, Soyoil, Soymeal Open- October 22, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 22, 2018

Nagpur, Oct 22 (Reuters) – In range-bound trade, soyabean oil prices today declined in Vidrbha
region of Western Maharashtra on lack of demand from local traders. Fresh fall on NCDEX, weak
trend in American soya digam prices and good supply from producing regions also pushed down
prices in limited deals, according to sources.

                       *****
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 easy condition in soyabean oil prices.   
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from South-based traders. 
  Easy condition in international soymeal prices also affected sentiment.
                                         
   SOYABEAN
  * Soyabean prices declined in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on lack of demand from local crushing plants amid high moisture 
  content arrival. Easy condition on NCDEX and downward trend in Madhya Pradesh 
  soyabean prices also affected sentiment. 
    About 5,000 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    30,000-34,300       29,000-34,350         --
    (Available price)
    Market delivery    30,100-34,400       29,100-34,400          --
    (Traders price)
    Plant delivery     37,000-37,300       37,000-37,300          --

    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 – 38,000, Washim – 37,000, Khamgaon – 37,200, Dhulia – 38,000, 
    Hingoli – 37,900, Jalna – 36,500, Nandurbar – 37,800, 
    Latur – 37,900, Nanded – 37,900, Solapur – 37,000, Sangli – 37,000.
        
    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         763            765
    Soyoil solvent crushing plant delivery         723            725    
    Cottonseed refined                             780            780
    Cottonseed solvent                             740            740
    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                                 766            768
    Soyoil Solvent                                 726            728
    Cottonseed refined                             805            805
    Cottonseed solvent                             765            765

    AKOLA
    Soyoil refined                                 766            768
    Soyoil Solvent                                 726            728        
    Cottonseed refined oil                         810          810 
    Cottonseed solvent                             770            770

    DHULIA
    Soyoil refined                                 762            764
  
    KHAMGAON
    Soyoil refined 
                                                767            770
    JALNA
    Soyoil refined 
                                                   757            759
    NANDED
    Soyoil refined                                 748            750
   
    Soyoil refined prices at other places in Maharashtra : Latur - 754, 
    Khamgaon – 762, Washim – 760, Solapur – 763, Sangli – 762.

    (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    35,000-35,500
      
    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 – 32,500, Latur – 34,500, Nanded – 34,000,
    Solapur – 35,100, Dharwad – 35,200, Sangli – 35,500

WEATHER (NAGPUR)  
Maximum temp. 29.4 degree Celsius, minimum temp. 22.8 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 29 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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