September 20, 2018 / 8:05 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- SEP 20, 2018

Nagpur Soybean, Soyoil, Soymeal Open-September 20, 2018

Nagpur, Sept 20 (Reuters) – Soyabean oil today declined in Vidarbha region of Western
Maharashtra on stockists selling looking towards March ending, driven by higher imports amid
weak global cues. Fall in demand from millers and retailers also put pressure on soyabean oil.
Besides, sufficient stocks and easy condition in Madhya Pradesh soyabean oil also affected
sentiment. Trading activity was reported weak because of closure of major oil markets on the
occasion of Muharrum, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, 
    Rapeseed, Castor and Coconut KP oil ruled steady here in weak trading activity. 
  * Traders expect nearly steady trend in major edible oils here.
    
   SOYMEAL
  * Soymeal prices today ruled steady here on subdued demand from local traders amid 
    ample stock in ready position.
         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants amid weak supply from 
    producing regions. Fresh rise on NCDEX, upward trend in Madhya Pradesh 
    soyabean prices and enquiries from South-based plants also jacked up prices.
    About 700 new 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    30,500-33,250       30,500-33,100         --
    (Available price)
    Market delivery    30,600-33,350       30,600-33,200          --
    (Traders price)
    Plant delivery     35,000-35,500       35,000-35,500          --

    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 – 35,500, Washim – 35,000, Khamgaon – 33,750, Dhulia – 34,700, 
    Hingoli – 35,500, Jalna – 35,000, Nandurbar – 35,500, 
    Latur – 36,300, Nanded – 36,300, Solapur – 36,300, Sangli – 34,500.
        
    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.             1,100-1,300
    Dhan                  n.a.            n.a.             2,100-2,441
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         752            755
    Soyoil solvent crushing plant delivery         712            715    
    Cottonseed refined                             780            780
    Cottonseed solvent                             750            750
    Groundnut oil (loose)                          1,080          1,080
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined                          880            880
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,330          1,330
    Castor oil (for 15 kg)                         1,540          1,540
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 750            752
    Soyoil Solvent                                 712            710
    Cottonseed refined                             768            768
    Cottonseed solvent                             738            738

    AKOLA
    Soyoil refined                                 751            753
    Soyoil Solvent                                 711            710        
    Cottonseed refined oil                         768          786 
    Cottonseed solvent                             738            768

    DHULIA
    Soyoil refined                                 748            749
  
    KHAMGAON
    Soyoil refined 
                                                755            758
    JALNA
    Soyoil refined 
                                                   751            753
    NANDED
    Soyoil refined                                 749            7517
   
    Soyoil refined prices at other places in Maharashtra : Latur - 748, 
    Khamgaon – 752, Washim – 751, Solapur – 746, Sangli – 748.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)
                                     
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  28,200-28,500    28,200-28,500
      
    Soymeal prices at other places in Maharashtra : Akola – 28,000, 
    Washim – 29,000, Dhulia – 28,800, Hingoli – 29,200, Jalna – 29,500,
    Nandurbar – 29,400, Khamgaon – 26,000, Latur – 29,000, Nanded – 30,200,
    Solapur – 29,000, Dharwad – 28,200, Sangli – 28,200

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

WEATHER (NAGPUR)  
Maximum temp. 35.0 degree Celsius, minimum temp. 23.2 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky. Maximum and minimum temperature would be around and 34 and 23
degree Celsius respectively.
    

  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below